Category: International

Nigeria’s daily oil production saw a substantial increase in July, as reported by Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). By July 23, Nigeria’s average daily production had risen to 1.61 million barrels per day (mbpd), up from 1.25 mbpd reported earlier in the month. During a two-day public/investigative hearing on oil theft and losses held by the House of Representatives Special Committee, the commission disclosed the latest production

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Nigeria’s prominent Dangote oil refinery has reportedly been reselling cargoes of U.S. and Nigerian crude, according to four trade sources on Friday. Three of these sources cited technical problems at the refinery as the reason for the reoffer. When questioned about the offers and market rumors of operational issues affecting the crude distillation unit (CDU), a Dangote executive confirmed that the CDU was operational, Reuters reported. The Dangote refinery, which began production in January, is

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Senegal has entered the oil export market, with its first shipment of crude oil reaching Europe. According to Africa Ports, the 158,268-dwt crude oil tanker Maran Poseidon transported Senegal’s medium-sour crude oil to the Netherlands and Germany. The oil was extracted from the Sangomar offshore oil and gas field in the MSGBC basin, which includes Mauritania, Senegal, the Gambia, Guinea-Bissau, and Guinea-Conakry. This field is located about 96 km south of Senegal’s Port of Dakar.

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Oil concessionaires in Mozambique must now provide detailed information on salaries and the contracting of goods and services to the government, including proof of tender proposals received. This new mandate is outlined in the Ministry of Mineral Resources and Energy’s diploma 55/2024, effective from July 5th, 2024, which approves Guidance Mechanisms for Obligations for Contracting Goods and Provision of Services, Employment Programs, Training Programs, Association with Nationals, Preferential Rights, and Adjustment of Conduct of concessionaires.

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Nigeria’s largest oil company, Dangote, risks going out of business due to a lack of support from the state, which currently cannot supply crude oil to its newly inaugurated refinery. After launching one of Africa’s largest refineries, designed to provide oil at lower costs for the population, Dangote is now confronting an unprecedented crisis. Despite the company’s requests, the Nigerian government has stated it does not have crude oil available for supply. Consequently, the government

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