Dangote Industries plans to list its refinery on the London and Nigerian stock exchanges by end of 2024, aiming to boost investment and transform Nigeria’s oil industry.
In the News
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After a two-month suspension and legal investigation, Libya’s Oil and Gas Minister, Mohamed Oun, has resumed his official duties, signaling potential stability in the sector.
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Kenya’s e-mobility sector to receive $30 million in loans from US DFC as part of a $250 million financing package announced during President Ruto’s US visit.
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Hess shareholders overwhelmingly approved the $53 billion merger with Chevron, clearing a key hurdle but leaving regulatory approval and a potential arbitration battle with Exxon Mobil and CNOOC to be settled. The deal paves the way for Chevron to acquire coveted oil assets in Guyana, offering significant strategic benefits for both companies. However, the merger’s completion hinges on the outcome of the arbitration, casting uncertainty on the timeline and finalization.
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Russia’s Novawind partners with Mali to initiate a transformative 200MW solar power project, aiming to significantly enhance Mali’s renewable energy infrastructure.
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South Africa introduces new regulations to promote energy-efficient lighting, phasing out incandescent and CFL lamps by 2026 to reduce electricity consumption and costs.
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CEFS’ acquisition of SAPREF refinery raises environmental concerns, with calls for transparency and action to mitigate longstanding pollution issues.
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The EU approves a new law targeting methane emissions from imported oil and gas, aiming to pressure international suppliers and reduce global climate impact.
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BP and Shell have agreed to sell key refinery assets, including land and mooring facilities, to South Africa’s Central Energy Fund, marking a strategic industry shift.
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Angola’s natural gas sector sees significant growth through investments and international partnerships, enhancing economic stability and energy security.