Africa
Nigeria's NNPC seeks new oil-backed loan to boost finances, debt to gasoline suppliers has doubled
Nigeria's NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive said, as pressure mounts on the state-backed oil company the economy depends upon.
Africa could compete in fuel exports, but massive investments are needed
Africa could become a refined fuel exporter, with at least two top-notch refineries due to come on stream within the next five years, but it must overcome its dire infrastructure and a funding crunch.
South Africa has vast potential for SAF production
The International Air Transport Association (IATA) has called on South Africa to mobilize its experience, resources and infrastructure to accelerate the development of sustainable aviation fuel (SAF) production.
As Nigeria's gasoline debt hits $6 B, some traders back out
Nigeria's debt to gasoline suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs.
Nigeria's Dangote refinery boosts gasoil exports to West African market
Nigeria's new Dangote oil refinery is increasing gasoil exports to West Africa, taking market share from European refiners.
Nigeria's Dangote Refinery says it is operating normally after fire
Nigeria's Dangote Refinery is operating normally after a fire at its effluent treatment plant, it said on Wednesday, after videos circulated online of dark plumes of smoke at the 650,000-bpd facility.
New DNV survey highlights oil and gas sector paradox
The latest DNV survey, “The Paradox of Petroleum—How the oil and gas sector is transforming through uncertainty,” gathered insights from nearly 450 senior oil and gas professionals to examine rapidly evolving trends and the near-term outlook for the sector.
Egypt needs to import $1.18 B in fuel, natural gas to end power cuts
Egypt needs to import around $1.18 B worth of mazut fuel oil and natural gas to end persistent power cuts exacerbated by consecutive heat waves.
Nigeria's Dangote Refinery accuses oil majors of blocking local crude purchase
An executive of the Dangote Refinery said on Sunday oil majors were blocking its access to locally produced crude oil by selling it above market price or claiming it was unavailable, forcing the company to rely on expensive imports.
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Spotlight on Asia
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- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
