Libya Plans to Boost Crude Oil Production to 1.6 Million BPD by 2026 Amid Renewed Foreign Investment Libya is intensifying efforts to restore its crude oil production to 1.6 million barrels per day (bpd) by late 2026, according to the National Oil Corporation (NOC). Current output stands at approximately 1.38 million bpd, signaling steady progress toward the country’s pre-crisis production capacity. This target is part of a broader national initiative to revitalize Libya’s energy sector,
TotalEnergies’ East African Crude Oil Pipeline Nears Completion, Strengthening Uganda’s Energy Infrastructure The East African Crude Oil Pipeline (EACOP), led by TotalEnergies, is moving steadily forward after years of planning and development. The project is expected to enhance energy access across East Africa and significantly boost Uganda’s infrastructure and export capacity. By investing in this large-scale midstream project, TotalEnergies deepens its presence in the region’s energy landscape and supports Uganda’s long-term goal of reducing reliance
Nigeria Loses ₦366.2 Billion in Five Months as Port Harcourt Refinery Shuts Down Again Amid Accountability Concerns Nigeria’s Port Harcourt Refinery shutdown, which has cost the nation an estimated ₦366.2 billion in just five months, once again underscores the deep-rooted accountability crisis plaguing the country’s oil sector. Although the Nigerian National Petroleum Company Limited (NNPCL) claims the closure was due to “maintenance and sustainability assessment,” insider sources suggest the refinery never truly resumed operations. According
Libya Discovers New Oil Field in Sirte Basin as OMV Resumes Exploration After 13 Years Libya’s National Oil Corporation (NOC) has announced a significant new oil discovery in the Sirte Basin, located in central Libya. According to a statement published on the NOC’s official website, the find was made by the Libyan branch of Austrian energy company OMV, marking its first exploration success in the region. Preliminary test results indicate that the exploratory well is
Nigeria’s NNPC Moves to Restart Idle Refineries, Eyes Reduced Fuel Imports and Export Potential Nigeria’s state-owned oil company, NNPC Ltd, is engaging both technical and equity partners to restart three of its long-idle refineries, despite previous major investments that failed to restore operations, according to the company’s chief executive. With a combined processing capacity of 445,000 barrels per day, the refineries—when fully operational alongside the Dangote Refinery—could significantly reduce Nigeria’s reliance on imported fuel and
Sonatrach Restarts Libya Drilling in Ghadames Basin, Targets New Oil and Gas Discovery Algeria’s state energy company Sonatrach has resumed oil and gas exploration activities in Libya’s Ghadames Basin, according to the National Oil Corporation (NOC). The renewed project is located in Block 95/96, near the Algerian-Libyan border and approximately 100 kilometers from the Wafa field. Sonatrach had suspended operations in May 2014 due to security concerns but now plans to drill to a target
Rhino Resources Targets First Oil in Namibia, Challenges TotalEnergies with 2025 Drilling Campaign Rhino Resources, an emerging African oil and gas company, is preparing to drill an appraisal well in Namibia next year and conduct a flow test on a recent discovery as it races alongside TotalEnergies to bring the country’s first offshore oil to market, CEO Travis Smithard said. The company plans to drill the appraisal well at Capricornus, where it previously encountered light
Tanzania Unveils $420 Million Gas-to-Liquid Plant, Set to Challenge Dangote in Africa’s Jet Fuel Market Tanzania has announced plans for an ambitious $420 million synthetic fuel project designed to transform the country into a leading exporter of jet fuel in Africa—a move that could challenge the dominance of Nigeria’s Dangote Group, which currently leads the continent’s refined fuel market. The project centers on the development of a gas-to-liquid (GTL) plant that will produce diesel, jet
Dangote Oil Refinery Rehires Dismissed Engineers After Labour Talks with PENGASSAN The Dangote Oil Refinery has reinstated several engineers who were laid off earlier this year, following negotiations with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and government officials. The affected employees were initially caught in a dispute between the refinery and the labour union, which arose after the company announced a reorganisation in September that led to staff terminations linked
Africa Finance Corporation and Infinity Power Reach Financial Close on $153 Million Ras Ghareb Wind Project Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced that its portfolio company Infinity Power has reached financial close on the 200MW Ras Ghareb Wind Farm in Egypt — a milestone that underscores Africa’s growing ability to mobilize international capital for large-scale, African-led renewable energy projects. Infinity Power secured US$153 million in senior debt financing from
