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Tag: oil industry

Allegations of $75,000 Misappropriation: Rustonlyn Suacoco Dennis Under Investigation at NOCAL

In recent developments, Rustonlyn Suacoco Dennis, the President and Chief Executive Officer of the National Oil Company of Liberia (NOCAL), has been implicated in allegations concerning the misappropriation of $75,000 USD from the company. These allegations have raised significant concerns about financial management and accountability within Liberia’s state-owned enterprises. Background on NOCAL Established by an…
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February 28, 2025
🇳🇬 Nigeria’s Resurgent Oil Industry: The Warri Refinery Returns to Life

In a resounding declaration of progress, the Warri oil refinery, once a symbol of Nigeria’s battered energy infrastructure, roared back to life on December 30, 2024. After nearly a decade of silence, the refinery’s revitalized machinery now churns out 125,000 barrels per day at 60% capacity, a powerful sign of the country’s ambition to reclaim…
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January 2, 2025
Niger Republic resumes export of crude oil to Benin ports through Chinese-funded pipeline

An agent with the West African Gas Pipeline Company (Wapco), which operates the pipeline, told Reuters that the Aura M, a Liberian-flagged crude oil tanker, had loaded around one million barrels of oil from Niger at the Benin port on Tuesday. The ship bound for China, where it was due to arrive on Oct. 10,…
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August 26, 2024
Nigeria’s Dangote refinery in talks with Libya to secure oil

Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
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July 21, 2024