Nigeria’s daily crude oil production grew by 3.4% in August, reaching 1.352 million barrels per day, according to the latest data from OPEC. The Organisation of Petroleum Exporting Countries (OPEC) reported that Nigeria’s output increased by 45,000 barrels per day, up from 1.307 million barrels per day in July. These figures are based on direct communication between OPEC and Nigerian authorities. Secondary sources indicate an even higher average of 1.448 million barrels per day in
Saudi Aramco, Abu Dhabi National Oil Company (ADNOC), and commodities trader Trafigura are competing to acquire Shell Plc’s service stations in South Africa. The sale has also drawn interest from South Africa’s Central Energy Fund, which owns PetroSA, Sasol Ltd., and Oman’s OQ Trading. A decision on the winning bidder could be made by the end of the year, though it may extend into 2025. Shell is aiming to raise nearly $1 billion from the
Starting in October, Dangote Petroleum Refinery will begin setting petrol prices in Nigeria, moving away from government regulation. Reports indicate that the federal government plans to allow the refinery to determine its own gasoline prices, effective Thursday. “Nigeria will let Dangote set gasoline prices for petroleum marketers starting next month,” sources told Bloomberg. “Petrol marketers will soon be able to purchase directly from the Dangote Refinery.” Temitope Ajayi, Senior Special Assistant to the President on
South Sudan and China National Petroleum Corporation (CNPC) are negotiating the construction of a new oil pipeline through Ethiopia to Djibouti, aimed at enhancing South Sudan’s export capacity. This development follows South Sudanese President Salva Kiir’s visit to China, where he met with CNPC officials to discuss reforms in South Sudan’s oil sector. These reforms include improving oil production by establishing a new refinery and expanding distribution networks. During his visit, President Kiir also participated
A technical team from the Petroleum Derivatives Regulatory Institute (IRDP), part of the Ministry of Mineral Resources, Oil, and Gas (MIREMPET), has been in Cuando Cubango since last week to promote the construction and renovation of fuel stations to meet growing demand. The IRDP hosted a seminar for business owners and fuel station operators. IRDP representative Bruno Tito explained that the event aligns with the National Development Plan (PDN) 2023–2027, which aims to enhance the
Azule Energy, a joint venture between Eni and BP, recently awarded Opsealog a two-year contract to enhance data collection, integration, and analysis, aiming to reduce fossil fuel consumption and greenhouse gas emissions from its offshore supply vessels (OSVs) in the Angolan market. According to the company’s press release, Opsealog expects to achieve a 10% reduction in emissions across the fleet. The contract’s first year will cover 28 vessels, with plans to expand to the full
Khaleda Petroleum Company, representing Apache Corporation and the Egyptian General Petroleum Corporation, has announced a significant oil discovery in the West Fayum-I area of the Kalabsha development zone, located in Egypt’s Western Desert. The company disclosed that during a well test, they drilled 270 feet into Paleozoic sands, leading to the discovery of 23 million cubic feet of associated gas. Electrical logs confirmed petroleum indicators within the Paleozoic formation, revealing a total net thickness of
The long-awaited Dangote fuel is set to hit the market soon. The 650,000-barrel-per-day refinery is expected to start selling Premium Motor Spirit (PMS), commonly known as petrol, to Nigerians in mid-September, following several missed deadlines. According to Punch newspaper, citing an anonymous source, the Dangote refinery is nearing the commencement of petrol sales. The source confirmed that the Dangote Group is finalizing arrangements for the distribution of the product. The Punch report also indicated that
On Thursday, August 29, 2024, President Filipe Jacinto Nyusi of Mozambique officially inaugurated two new pumping platforms at the Port of Beira. These platforms, built by Companhia do Pipeline Moçambique-Zimbabwe (CPMZ), are located in Beira (Sofala) and Maforga (Manica) and have increased the pipeline’s fuel pumping capacity from Beira to Feruka, Zimbabwe, from two million to three million cubic meters per year. Company Overview: CPMZ Companhia do Pipeline Moçambique-Zimbabwe, Limitada (CPMZ), has been a key
Pumangol, an Angolan fuel supply company, has earned international acclaim for its commitment to excellence and safety in the civil aviation sector, becoming the only operator in Angola accepted by the Joint Inspection Group (JIG). In a statement released today, Pumangol highlighted that being recognized as a JIG member places the company among those adhering to the highest global standards in fuel supply operations at airports. Additionally, Pumangol has been acknowledged as a strategic partner
