Category: News

Austrian Energy Company Makes Major 195 Million Barrel Oil Discovery in Africa’s Largest Oil Region Austrian energy company OMV has announced a significant oil discovery in Africa’s largest oil-producing region, marking a major milestone in its exploration activities and strengthening prospects for future production growth. The discovery, estimated at around 195 million barrels of oil equivalent, was made in the Orange Basin, an emerging offshore exploration hotspot located along the coasts of Namibia and South

Read More Here

Ghana’s $1.98 Billion Private Oil Refinery Set to Transform Domestic Fuel Production and Reduce Imports Ghana is advancing efforts to strengthen its energy security through the development of its first privately owned large-scale oil refinery, a project expected to significantly increase domestic fuel production and reduce the country’s dependence on imported petroleum products. The $1.98 billion refinery project is being positioned as a major milestone in Ghana’s energy sector, supporting the government’s long-term goal of

Read More Here

South Africa Proposes 60-Day Strategic Oil Reserve Plan to Protect Against Global Supply Disruptions South Africa is planning a major expansion of its strategic petroleum reserves for the first time in decades as the government seeks to strengthen the country’s energy security and protect against future global supply disruptions. The Department of Mineral Resources and Energy (DMRE) has proposed maintaining strategic fuel reserves equivalent to 60 days of national consumption under a draft policy released

Read More Here