Tag: oil and gas
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🇳🇬 Nigerian Startup Terra Industries Raises Record $52 Million Seed Round to Expand Autonomous Security Across Africa
LAGOS, Nigeria — Nigeria’s emerging technology sector is gaining international attention after Terra Industries, a Nigerian security technology company developing autonomous drones and advanced security systems, reportedly raised $52 million in seed funding, marking what is being described as the largest seed round in African startup history. The funding represents a significant vote of confidence…
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🇱🇾 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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🇳🇬 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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🇷🇺🌍 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 Russia–Africa Raw Materials Dialogue on 30 October, as quoted by TASS. 🔸Marshavin 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 company’s African projects
Russian oil company Lukoil has accepted an offer from Gunvor Group to acquire its subsidiary, LUKOIL International GmbH, which owns the group’s foreign assets. The parties had previously agreed on the key terms of the upcoming transaction, Lukoil’s press service reported. As noted by the company, Lukoil has undertaken not to enter into negotiations with…