September 02
Nigeria: Petrol Price May Rise As Nnpcl Admits Financial Strain
Daily Trust
There are indications of an imminent hike in the price of petrol as the Nigerian National Petroleum Company Limited (NNPCL) has admitted financial strain. Read more »
Nigeria: No End in Sight to Petrol Scarcity As Economy Gasps for Breath
Vanguard
There were indications, yesterday, that the petrol shortage in the country will not end soon as $6 billion debt to petrol suppliers, lack of liquidity and other issues have put… Read more »
Malawi: Mera Sensitizes Media On Fuel Pricing Mechanism
Nyasa Times
Malawi Energy Regulatory Authority (MERA) has underscored the need for the media to be equipped with knowledge on fuel pricing in the country. Read more »
Nigeria: Dangote Refinery Begins Petrol Processing - Official
Premium Times
Mr Edwin did not say exactly when the gasoline would hit the local market. Read more »
Nigeria: Dangote Refinery Begins Production of Petrol Amid NNPC Fuel Crisis
Leadership
Dangote Refinery Plc has commenced production of petrol, marking a significant milestone for Africa's largest refinery after delays due to recent crude shortages. Read more »
Nigeria: Dangote Refinery - the Wicked Have Done Their Worst [opinion]
Vanguard
"Corruption remains one of the most significant obstacles to the progress and prosperity of our nations. It undermines the very fabric of our societies, erodes public trust, and… Read more »
Nigeria: With Rising Subsidy Costs, NNPC Finally Admits Owing Foreign Petrol Suppliers Huge Debts
This Day
With petrol subsidy costs skyrocketing, after months of denial, the Nigerian National Petroleum Company Limited (NNPC), yesterday finally admitted that it was owing huge debts to… Read more »
September 01
Nigeria: Petroleum Minister Urges Oil Firms to Expedite Establishment, Implementation of Hcdt
Vanguard
THE Minister of state for Petroleum Resources (Gas), Ekperikpe Ekpo has urged Oil firms operating in the Niger Delta region to expedite the establishment and implementation of the… Read more »
Nigeria: Revealed - How $6 Billion NNPC Debt Is Causing Petrol Supply Hiccups
Vanguard
·Credit trading not peculiar to us -- Spokesman Read more »
Nigeria: NNPC Groans Under Heavy Debts As Suppliers Halt Fuel Supply Amid Scarcity
Premium Times
The huge debt choking the NNPC is amid the fuel scarcity situation across the country. Read more »
Nigeria: Our Ability to Sustain Fuel Supply Under Threat - NNPC
Premium Times
The NNPC Ltd acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers. Read more »
Nigeria: Our Ability to Supply Fuel Constantly Under Threat - NNPCL
Daily Trust
The ongoing scarcity of Premium Motor Spirit (PMS), better known as petrol, seems far from over as the Nigerian National Petroleum Corporation Limited (NNPCL) has said its ability… Read more »
August 30
Nigeria: Nigeria's Oil Company Lack Funds to Fix Leaky Pipelines
VOA
Nigeria's decades-old oil pipelines are vital for transporting crude, but most are now corroded and vulnerable to leaks and vandalism. The Nigerian National Petroleum Corporation… Read more »
Nigeria: Exclusive - Petrol Subsidy Govt Still Pays in Eight Cities Despite Denial
Premium Times
This is coming against the government's repeated denial of subsidy payment. Read more »
August 29
Uganda: Oil Pipeline Financial Closure Due Soon - Energy and Minerals Minister
Observer
Ruth Nankabirwa, the minister of Energy and Mineral Development, used her second media briefing of the year to raise hope about the progress in Uganda's oil and gas industry, and… Read more »
Somalia: Somalia Nears Major Oil Exploration Milestone Following Strategic Agreement With Turkey
Radio Dalsan
The federal government of Somalia has unveiled that it is nearing the final stage of exploration and potential oil drilling, a significant development anticipated to reshape the… Read more »
Malawi: Fuel Price Debate - Parliamentary Committee On Natural Resources Wants 'Reasonable' Upward Adjustment
Nyasa Times
Following a meeting that Parliamentary Committee on Natural Resources & Climate Change had with Malawi Energy Regulatory Authority (MERA) on Monday, August 26 to understand the… Read more »
Malawi: DPP Says No Fuel Price Hike - 'Raising Fuel Prices Will Hurt Already Burdened Malawians'
Nyasa Times
Members of Parliament (MPs) under the main opposition Democratic Progressive Party (DPP) on Wednesday walked out of the National Assembly in protest to a proposal to raise prices… Read more »
August 27
Uganda: Uganda Drills 72 Wells Ahead of Oil Production
Independent (Kampala)
Uganda's oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards… Read more »
Nigeria: NNPC Commences LNG Shipment to Japan, China
Premium Times
NNPC LNG Ltd., in collaboration with NNPC Shipping Ltd, is scheduled to deliver at least two more LNG cargoes to the Asian market on DES basis by November," the statement said. Read more »
Nigeria: The Return of Fuel Subsidy
This Day
ReubenEN ABATI Read more »
Nigeria: NNPC's Record Profit - Beneath the Surface
Leadership
Last week, the Nigerian National Petroleum Company (NNPC) released its financial statement for the fiscal year ending December 2023, revealing a record net profit of ₦3.297… Read more »
Libya: Major Oil Spread Widens As Concerns Grow Over Libyan Supply
Daba Finance
The spread between European Brent oil futures and Dubai crude swaps surged to its widest point in 10 months on Tuesday, driven by fears of supply disruptions from Libya. Read more »
Namibia: Namibia Urged to Invest Oil Revenue in Other Sectors
Namibian
Namibia has been advised to use oil revenue to invest in other sectors of the economy to diversify income streams. Read more »
South Africa: Some Relief in Store for Consumers As Fuel Price Set to Drop
Daily Maverick
Koketso Mano, a senior economist at FNB, said softer oil prices alongside a stronger rand had contributed to the expected fuel price drop. Read more »