: Nigeria’s modular refinery sector faces investor pullout due to inadequate crude supply. The government is exploring solutions to stabilize feedstock flow and support industry growth.
In the News
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Ivory Coast’s upstream sector is transforming with new oil discoveries, attracting major investments, and implementing environmental and local capacity initiatives.
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Stakeholders in Kenya’s EV industry challenge proposed tax changes that could hinder the growth of sustainable e-mobility.
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Citgo’s Corpus Christi refinery, previously considered the least profitable, is now a hot ticket due to its location and potential for growth. The deadline for bids in the court-ordered auction is June 11th, 2024.
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Schneider Electric launches Villaya Flex to improve energy access and sustainability in off-grid African communities.
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Shell CEO Wael Sawan emphasizes the need for stable energy policies during his Washington visit, highlighting the challenges ahead of the U.S. election.
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The newly formed Africa Energy Bank aims to enhance energy funding across Africa, focusing on both traditional and renewable resources to meet growing demands.
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South Africa is set to lower petrol and diesel prices significantly, providing economic relief to consumers and businesses amidst global oil price declines and a stronger rand.
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Saudi Aramco, the world’s top oil exporter, is in talks with US LNG firms Tellurian and NextDecade to acquire a stake in a Louisiana plant and secure long-term gas supplies, signaling its growing ambitions in the liquefied natural gas market.
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Oil prices witnessed a dramatic decline on Monday, June 3rd, marking their steepest one-day drop in several months. This comes amidst a confluence of factors, including a mixed decision by the oil producer group OPEC+ and anxieties about slowing global oil demand, particularly in the United States.