Nigeria exports N105.5bn petrol to Togo as Dangote Refinery reshapes West Africa fuel trade dynamics Nigeria’s export of Premium Motor Spirit (petrol) to Togo reached N105.5 billion in the first quarter of 2026, highlighting a major shift in West Africa’s refined fuel trade following Nigeria’s emergence as a net exporter of petroleum products. According to the National Bureau of Statistics’ Foreign Trade Report, Togo also imported N278.36 billion worth of gas oil and N273.18 billion
Petrobras secures 63,000 km² offshore exploration rights in Ivory Coast to boost deepwater oil and gas development Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement, construction, installation,
Eni’s Mozambique Rovuma Venture issues global tender for EPCIC contract for third 6 MTPA FLNG unit offshore Cabo Delgado Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement,
Libya Crude Production Surges to 1.49 Million Barrels as NOC Targets 1.5 Million and Foreign Oil Firms Return Libya’s oil production has risen to its highest level since 2013, with total crude and condensate output reaching approximately 1.49 million barrels per day. The milestone strengthens the country’s position among Africa’s leading oil producers as international energy companies gradually return to its upstream sector. The National Oil Corporation (NOC) reported output of 1,487,723 barrels per day,
Shell, QatarEnergy and NAMCOR Record Strong Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin Shell, in partnership with QatarEnergy and NAMCOR, has announced encouraging exploration results from the Merlin-1X well drilled in Petroleum Exploration Licence (PEL) 0039 offshore Namibia. The findings mark a further step in Shell’s evaluation of the Orange Basin block, with the well successfully reaching the Coniacian geological play. According to initial assessments, Merlin-1X delivered the strongest subsurface results recorded so
Kinshasa Fuel Depots to Be Moved to N’sele as DRC Strengthens Safety and Modernizes Hydrocarbon Infrastructure The Congolese government has launched a major initiative to reorganize petroleum product storage in Kinshasa, aiming to improve urban safety and modernize the country’s hydrocarbon supply chain. During an inspection visit to the communes of Kalamu and Limete, Minister of State for Hydrocarbons Acacia Bandubola announced that fuel depots currently operating in residential neighborhoods will be relocated to a
IMF Warns Strait of Hormuz Disruption Could Trigger Global Oil Supply Shock and Price Spikes Rising tensions in the Middle East are once again placing global energy security at the center of economic concerns, according to an analysis by the International Monetary Fund (IMF) published in its Finance & Development section. The IMF warns that any effective disruption or closure of the Strait of Hormuz represents one of the most significant risks to global oil
Petra Diamonds Puts Finsch Mine Into Business Rescue, Retrenchments at Cullinan Could Threaten 1,800 Jobs South Africa’s diamond mining industry is facing renewed pressure after Petra Diamonds placed its Finsch Diamond Mine under business rescue and launched retrenchment proceedings at its Cullinan operation, placing nearly 1,800 jobs at risk. The developments have sparked concern across the mining sector and drawn strong criticism from the National Union of Mineworkers (NUM), which is urging the government to
Italy’s Top Court Clears Prosecutors in OPL 245 Case, Marking New Twist in Nigeria’s Biggest Oil Scandal Italy’s highest court has acquitted two prosecutors who led the failed corruption case against energy giants Eni and Shell over Nigeria’s controversial OPL 245 oil block, bringing another chapter of one of Africa’s largest and most protracted oil scandals to a close. The Court of Cassation overturned the convictions of Milan prosecutors Fabio De Pasquale and Sergio Spadaro,
Dangote Refinery Reshapes West Africa’s Fuel Market as Imports Plunge and Trade Routes Shift The rapid ramp-up of production at the Dangote Petroleum Refinery is transforming fuel trade across West Africa, significantly reducing the region’s reliance on imported refined petroleum products. According to recent industry data cited by S&P Global, West Africa’s imports of clean refined petroleum products fell sharply to 765,000 barrels per day (bpd) in May, down from approximately 997,000 bpd in April.
