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
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
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.
Angola Raises Diesel Price by 20 Kwanzas as Government Continues Fuel Subsidy Reform The price of diesel in Angola has increased by 20 kwanzas per litre, rising from 400 to 420 kwanzas, according to an announcement by the Institute for the Regulation of Petroleum Derivatives (IRDP). In an official circular, the regulator confirmed that while diesel prices have been adjusted upward, the prices of gasoline, kerosene, and gas remain unchanged. The IRDP noted that the
Zimbabwe Enters Oil and Gas Era with First Production Sharing Deal for Invictus Energy’s Cabora Bassa Basin Project Zimbabwe has signed its first-ever petroleum production sharing agreement with Invictus Energy for the Cabora Bassa Basin, marking a major milestone in the country’s upstream oil and gas sector. The agreement covers development rights linked to the Mukuyu gas discovery and represents Zimbabwe’s initial formal step into production sharing arrangements for hydrocarbons exploration and development. The Cabora
South Africa Faces Higher Fuel Costs as Oil Prices Surge and Government Scales Back Relief Measures South Africa is set to face higher fuel costs as global oil prices climb above $100 per barrel and government support measures are scaled back, increasing pressure on households and businesses in the country’s already strained economy. From June 3, petrol prices will rise by R1.43 per litre, according to the Department of Mineral and Petroleum Resources (DMPR). The
Aliko Dangote Profits From Strait of Hormuz Disruption as African Nations Scramble for Fuel Security The closure of the Strait of Hormuz has become a major financial windfall for Nigerian billionaire Aliko Dangote, as global energy disruptions drive up refining margins and increase demand for alternative fuel suppliers. According to a senior executive at the Dangote refinery, fertiliser prices have doubled while jet fuel margins have risen sharply due to tightening global supply conditions. Speaking
South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping Costs South Africa is increasing fuel imports from the United States as instability along key Middle East shipping routes continues to disrupt traditional supply chains and push up global energy costs. The shift reflects a broader adjustment among fuel-importing economies that are rethinking sourcing strategies amid tighter maritime corridors, longer shipping distances, and rising freight and crude prices. For many
Uganda Eyes Double-Digit GDP Growth from Oil Production Despite Pipeline Delays and 2027 Output Risks Uganda is projecting that its Gross Domestic Product (GDP) could grow by more than 10% once commercial oil production begins, according to government statements shared on X. The state also announced it has allocated UGX 24.3 billion (approximately $6.57 million) to accelerate preparations for production. The government maintains that oil output could begin this year, marking a major milestone in
