Category: News

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,

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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

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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

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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

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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

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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

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