Tag: Oil and Gas
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10 African countries with the highest fuel prices in March 2026
Fuel prices have risen across Africa in recent weeks, owing primarily to global crude oil volatility amid Middle Eastern tensions. Nigeria, South Africa, Ghana, Egypt, and Somalia have all seen significant price increases, raising concerns about the wider economic and social implications. Fuel prices have sharply increased across many African countries due to global crude…
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π±πΎ 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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π³π¬ 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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π·πΊπ 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 RussiaβAfrica Raw Materials Dialogue on 30 October, as quoted by TASS. πΈMarshavin 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 companyβs African projects
Russian oil company Lukoil has accepted an offer from Gunvor Group to acquire its subsidiary, LUKOIL International GmbH, which owns the groupβs foreign assets. The parties had previously agreed on the key terms of the upcoming transaction, Lukoilβs press service reported. As noted by the company, Lukoil has undertaken not to enter into negotiations with…
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