Category: Oil

The Mozambican Association of Fuel Companies (AMEPETROL) calls the situation in the sector “dramatic”, complaining that it is buying fuels at elevated prices, but without prices at filling stations being updated. “We have absolute faith that the Government understands our situation, that it is supportive and will find mechanisms to ensure that companies continue to operate normally,” the association’s president, Michel Ussene, told Lusa. Ussene was reiterating warnings AMEPETROL has voiced since the beginning of

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A recent report has revealed that a shipment of Russian oil is on its way to storage tanks in Ghana, despite Ghana’s administration formally denying involvement in any such business. After the European Union’s decision to halt practically all seaborne imports from Russia in December, the development raises the possibility that dealers are searching the market for new consumers of Russian barrels. Moscow became heavily dependent on Chinese and Indian imports as a result of

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An appeal regarding the contentious oil projects in Tanzania and Uganda by the energy corporation TotalEnergies was dismissed by a French court on yesterday, 28th February In the two projects, the Tilenga oil development and the East African Crude Oil Pipeline, six French and Ugandan activist organizations accuse the French firm of not doing all possible to safeguard people and the environment (Eacop). Both TotalEnergies and the plaintiff organizations were silent as of press time.

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