Aliko Dangote Warns of Black Market Fuel Cartels Undermining Africa’s Refinery Future

Aliko Dangote Exposes Offshore Fuel Cartels Threatening Africa’s Energy Independence Africa’s richest man, Aliko Dangote, has sounded the alarm over the growing influence of black market fuel cartels operating in offshore waters across the continent. He warned that these illicit networks are actively sabotaging efforts to build domestic refining capacity by manipulating prices and supply chains—particularly through maritime fuel trading hubs like Lomé, Togo. Speaking at the Global Commodity Insights Conference on West Africa in

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U.S. Crude Oil Exports to Nigeria Surpass Imports for First Time Amid Refinery Shifts

U.S. Exports More Crude Oil to Nigeria Than It Imports for the First Time in 2024 For the first time in history, the United States exported more crude oil to Nigeria than it imported during February and March 2024, according to data from the U.S. Energy Information Administration (EIA). This reversal in trade flows was largely driven by reduced demand on the U.S. East Coast due to scheduled refinery maintenance and increased demand from Nigeria’s

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Nigeria Leads Effort to Establish West African Fuel Pricing Benchmark

Nigeria Partners with S&P to Launch West Africa’s First Regional Fuel Pricing Benchmark West Africa is taking a major step toward energy market independence with the development of a regional pricing benchmark for refined petroleum products. Historically, the region has relied on global reference markets that often fail to reflect its unique supply chain dynamics. In a move to address this gap, Nigeria has partnered with S&P Global Commodity Insights to create localized pricing indices

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Libya and Algeria Deepen Energy Ties with Four Strategic Oil and Gas Agreements

Libya’s NOC and Algeria’s Sonatrach Sign Four Key MoUs to Expand Energy Cooperation in Exploration, Services, and Training Libya’s National Oil Corporation (NOC) has signed four memorandums of understanding (MoUs) with Algeria’s state-owned oil company Sonatrach, strengthening bilateral cooperation across key areas of the energy sector. The agreements were signed at Sonatrach’s headquarters in Algiers and aim to enhance collaboration in operations, oilfield services, training, and knowledge exchange. The first MoU was signed between the

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Angola Secures €75 Million from AFC to Build 186 Bridges and Upgrade National Roads

Angola Accelerates Infrastructure Growth with €75 Million Boost from Africa Finance Corporation Angola has received a significant boost to its transportation infrastructure, with the disbursement of €75 million from the Africa Finance Corporation (AFC). This funding is part of an €85 million sovereign facility designed to transform the country’s national road network. The investment will support the construction of 186 priority bridges and strategic upgrades to key national roads. These initiatives are aligned with Angola’s

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Mining Law Key to Angola’s Sovereignty and Sustainable Growth

Mining Law Is Key to Angola’s Sovereignty and Sustainable Development, Says Minister The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, emphasized on Tuesday in Luanda that Mining Law in Angola is a vital tool for national sovereignty and economic justice, serving as a pathway toward the country’s sustainable development. Speaking at the opening ceremony of a specialized course in Mining Law, held at a university in Luanda, Azevedo highlighted the urgent need to

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Diamantino Awarded Medal for Peace and Energy Leadership as Angola Charts Bold Energy Future

The African Energy Chamber supports Minister Azevedo’s national honor, recognizing his leadership in transforming Angola’s oil and gas sector through major reforms and strategic projects In recognition of a lifetime dedicated to peace, development and the advancement of Angola’s oil and gas industry, Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas, has been awarded the Commemorative Medal for the 50th Anniversary of National Independence in the Peace and Development Class by Angola’s President

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Angola’s Oil and Gas Output Drops 10.2 Percent in Q2 2025 Amid Sector Struggles

Angola Oil Production Falls to One Million Barrels Per Day in Q2 2025 as Sector Contracts Over 10 Percent Oil and gas production in Angola fell by 10.2 percent in the second quarter of 2025, according to an estimate released Monday by the Economic Studies Department of Banco Fomento Angola (BFA). The decline brought daily oil output down to approximately 1 million barrels per day, reinforcing the ongoing structural downturn in the country’s crude oil

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Huila and Namibe to Join National Grid via Hydroelectric Power by End of 2025

Angola to Connect Huila and Namibe to National Power Grid with Hydroelectric Energy by Year End The provinces of Huila and Namibe are set to be connected to Angola’s national electricity grid using hydroelectric power by the end of 2025. The Gove–Matala power transmission line project, along with key substations, is currently 80 percent complete and expected to be finalized by October, according to a statement from the Ministry of Energy and Water. Stretching over

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Angola Diamond Auction Raises 15 Million Dollars Exceeds Expectations by 24 Percent

Angola’s Diamond Auction Exceeds Expectations, Raising $15.5M from 17 Rough Stones Angola generated $15.5 million from the auction of 17 special rough diamonds, surpassing expectations by 24.33%, according to a statement released Wednesday by the Angolan National Diamond Trading Company (Sodiam E.P.). The diamonds were sourced from four mining operations: Lulo, Kaixepa, Chitotolo, and Luele. The combined weight of the stones totaled 865.19 carats, Sodiam reported. The breakdown of the proceeds is as follows: The

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