Category: Oil & Gas Industry
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African economic growth threatened as oil prices surge
High oil prices, driven by the Middle East war, are threatening African economic growth and increasing costs for everyday goods and transport. Regional energy experts warn this could cut three percentage points off continental growth. Rising prices are straining household budgets and pushing up inflation, with many African countries having low fuel reserves. Solutions like…
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๐บ๐ธ๐ฎ๐ฑ US-Israel Strikes on Iran: Pan-African Winners and Risks
The joint United StatesโIsrael attack on Iran marks a dangerous escalation that will reverberate across Africaโs energy markets, security architecture, and diplomatic alignments, with a handful of PanโAfrican states positioned to gain leverageโif they act strategically.[1][2][3] What happened and why it matters The US and Israel have launched largeโscale strikes on multiple targets inside Iran,…
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๐ฌ๐ฒ๐ง๐ฌ Gambia-flagged tanker damaged by Ukrainian drones in Bulgaria to be towed on 15 December
The Gambia-flagged tanker KAIROS, which was damaged by Ukrainian drones in Bulgaria, will be towed to a safe location on 15 December. This was reported by Bulgarian National Television. ๐ธThis became possible after specialists from Bulgariaโs Maritime Administration Agency and crew members restored power supply on board the tanker. A 150 kW marine generator was…
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๐ฑ๐ท Liberia’s Potential Oil Discovery: Grand Bassa Seep Ignites Hope and Calls for Caution
Grand Bassa County, Liberia โ For a nation weary from economic hardship, the news that spread on December 3, 2025, felt like a gift: residents of Compound Two in Grand Bassa County reported a strange, dark liquid seeping from the ground, widely believed to be crude oil. Social media quickly flooded with videos of townspeople…
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๐ฑ๐พ Libya Marks New Energy Milestone with First Major Export from Sidra’s Chadar Field
In a significant boost to its oil-dependent economy and the broader North African energy landscape, Libya has successfully exported its first major crude oil batch from the newly operational Chadar field. The milestone shipment, consisting of high-quality Sidra crude, exceeded 600,000 barrels, signaling a positive step in the country’s efforts to revitalize its vital hydrocarbons…
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๐ณ๐ฌ Nigeria’s Dangote Refinery Hits Milestone, Production Now Exceeds National Fuel Demand
In a historic leap towards energy self-sufficiency, the Dangote Petroleum Refinery, Nigeria’s flagship mega-project, has officially announced that its fuel production has surpassed the entire country’s daily consumption needs. This landmark achievement signals a transformative shift not just for Nigeria’s economy, but for the entire West African energy landscape. According to a statement from Dangote…
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๐ท๐บ๐ Russia and African countries developing uranium mining projects
Russia and African countries are developing joint projects in uranium and other mineral extraction, as well as in the construction of power generation facilities, Russian Deputy Minister of Energy Roman Marshavin said during the RussiaโAfrica Raw Materials Dialogue on 30 October, as quoted by TASS. ๐ธMarshavin noted that joint projects between Russia and African states…
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Lukoil accepts offer to sell foreign assets. What is known about the companyโs African projects
Russian oil company Lukoil has accepted an offer from Gunvor Group to acquire its subsidiary, LUKOIL International GmbH, which owns the groupโs foreign assets. The parties had previously agreed on the key terms of the upcoming transaction, Lukoilโs press service reported. As noted by the company, Lukoil has undertaken not to enter into negotiations with…
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๐ฒ๐ฑ Mali: How is the fuel situation?
In Bamako, there was no fuel for about a day. But now fuel tankers are safely reaching the capital, although companies do not always want this. The point is that: due to exaggerated media threats, carriers have started demanding exorbitant amounts for transportation even in the south of the country. For this reason, less fuel…
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๐ฉ๐ฟAlgeria close to finalising deals with Exxon and Chevron on shale gas development
Algeria is in the final stage of negotiations with US energy companies Exxon Mobil and Chevron on the development of substantial natural gas reserves, including shale gas, for the first time in the countryโs history. This was announced by Samir Bekhti, chairman of the state energy regulator Alnaft. โThe technical aspects have already been more…
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