Dangote Plans $17 Billion Kenya Refinery to Boost East Africa’s Fuel Security Dangote Industries is developing a financing strategy for a proposed $17 billion oil refinery in Kenya, a project that could become one of Africa’s largest refining investments and significantly reshape fuel supply across East Africa. The planned refinery is expected to have a processing capacity of up to 700,000 barrels per day and would supply refined petroleum products to Kenya and neighbouring regional
China’s Hengli Cuts Refinery Operations After Cancelling West African Crude Purchases China’s Hengli Petrochemical has cancelled crude oil purchases, including cargoes from West Africa, and reduced refinery operations as the company adjusts its procurement strategy amid changing market conditions. The company cancelled purchases involving several million barrels of crude oil, including around 2 million barrels of West African crude, after previously securing supplies to support its refining operations in China. The move comes as Hengli
Kosmos Energy Boosts Ghana Oil Production as New Jubilee Well Comes Online Kosmos Energy has increased production at Ghana’s offshore Jubilee oil field after bringing the J76 well online as part of its 2026 drilling campaign. The new well, the third completed in this year’s programme, began production in mid-June and is currently delivering around 20,000 barrels of oil per day on a gross basis. Kosmos said the well was developed using updated seismic data
Uganda’s EACOP Pipeline Nears Completion as First Crude Oil Exports Targeted for 2026 Construction of the East African Crude Oil Pipeline (EACOP) is entering its final phase, with Uganda and Tanzania preparing for the start of crude oil exports through the cross-border project. The 1,443-kilometre heated pipeline will transport crude oil from Uganda’s Lake Albert Basin to the port of Tanga on Tanzania’s Indian Ocean coast, where it will be shipped to international markets. Developers
Eni Starts Gas Production From Sabratha Compression Project to Boost Libya’s Offshore Output Eni, in partnership with Libya’s National Oil Corporation (NOC) through the Mellitah Oil & Gas joint venture, has commenced hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to extend production from the Bahr Essalam gas field. The project represents an important step in efforts to maximise recovery from the mature offshore field and maintain long-term gas production capacity
Lake Victoria Gold Moves Imwelo Gold Project Closer to Construction with EPCM Appointment Lake Victoria Gold has appointed City Engineering Company (CECL) as the primary engineering, procurement and construction management (EPCM) contractor for its Imwelo gold project in northwestern Tanzania. The appointment, made through Lake Victoria Gold’s subsidiary Tembo Gold, which holds Mining Licence ML 538/2015 for Imwelo, was approved by Tanzania’s Mining Commission on June 29 and complies with the country’s 2018 Mining Regulations.
Mozambique and Tanzania Regulators Sign MoU to Strengthen Oil and Gas Sector Governance and Expertise Sharing Mozambique’s National Petroleum Institute of Mozambique (INP) and Tanzania’s Petroleum Upstream Regulatory Authority (PURA) have signed a memorandum of understanding (MoU) in Maputo to strengthen cooperation and build regulatory capacity in the oil and gas sector. The agreement provides a framework for technical collaboration, allowing the two regulators to exchange knowledge, expertise and best practices in key areas, including
Petrobras Signs Agreement to Bring 335 Offshore Wells into Environmental and Safety Compliance by 2030 Brazilian state-owned oil company Petrobras has signed an agreement with Brazil’s oil regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), committing to bring 335 temporarily abandoned offshore wells into compliance with environmental and operational safety regulations. The agreement, announced by both parties on Tuesday, follows negotiations between Petrobras and the regulator aimed at ensuring the safe management
Dubai Diamond Exchange and London Diamond Bourse Forge Strategic Partnership to Strengthen Global Diamond Trading The Dubai Multi Commodities Centre (DMCC), the international business district that facilitates global trade through Dubai, has announced the signing of a memorandum of understanding (MoU) between the Dubai Diamond Exchange (DDE) and the London Diamond Bourse (LDB) to strengthen cooperation between the two trading centres and expand opportunities for their members. The agreement establishes a framework for closer collaboration,
De Beers Reduces Diamond Prices in Major Shift as Weak Demand and Lab-Grown Stones Pressure Market De Beers has introduced some of its largest official diamond price reductions in years, marking a significant shift in strategy as the company responds to prolonged weakness in the global diamond market. The price cuts come during the company’s first sales cycle after reducing the number of its selected diamond buyers, known as sightholders. The move is part of
