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AfrOil has always been at the forefront of news and analysis on political change in Africa. Leading commentaries in recent years have covered the Arab Spring in North Africa, the splitting of Sudan, and regional political divides in Nigeria and other countries. AfrOil not only provides analysis of what is happening on the political landscape, but gives insights in to what effects this may have on the oil & gas industry in these regions.
AfrOil highlights company activity throughout Africa, from planning and investment to production and results. Through its coverage of new projects and developments, as well as contracts or tenders being announced and won, AfrOil has allowed our customers to keep ahead of their competition and look for new opportunities across the continent.
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Egypt increases fuel prices by 14-17% amid regional turmoil
In response to the intensifying energy crisis gripping the Middle East, the Egyptian government has announced up to 17% increase in the prices of petroleum products and natural gas for vehicles
Domestic refineries unlikely to cut Nigeria’s petrol prices significantly, CPPE says
Domestic refining will improve fuel supply stability in Nigeria but is unlikely to lead to significantly cheaper petrol because crude feedstock remains priced against global oil benchmarks in US dollars
Angola wary of surge in import bill despite oil price rally
Angola’s government is encouraged by the increase in the prices of oil triggered by the ongoing instability on the global market, but remains cautious that its import bill could surge.
Egypt tenders 10 oil storage depots amid Red Sea maritime shifts
Egypt has invited international energy firms to lease 10 major oil and petroleum product storage facilities at the Ain Sokhna and Ras Badran ports on the Red Sea.
Azerbaijan delegation discusses Baleine oil and gas project as SOCAR expands into Côte d’Ivoire
A high-level delegation from Azerbaijan held several meetings with senior officials from Côte d'Ivoire's Ministry of Foreign Affairs and the energy sector to discuss the Baleine oil and gas project.
Israel resumes limited gas exports to Egypt
Natural gas supplies from Israel to Egypt have begun to trickle back into the regional grid, albeit at a fraction of their usual capacity
Nigeria seeks third-party crude supply for $20bn Dangote refinery as petrol prices surge
Nigeria’s state oil company NNPCL is sourcing crude oil through international traders to supply the $20bn Dangote Petroleum Refinery as domestic allocations fall short and prices rise.
DRC moves to revive dormant LPG sector with new hydrocarbons reform bill
The DRC’s government has approved a draft bill aimed at developing the domestic liquefied petroleum gas (LPG) sector as part of broader efforts to modernise the hydrocarbons industry and attract investment.
Oil price spike at over $100 per barrel as market faces possibly worst crisis in history
Brent was trading at over $108 per barrel as of 06:30 GMT today, up from the early $70s prior to the US and Israel launch of strikes against Iran on February 28.
PetroShorouk earmarks $524mnn to develop Egypt's Zohr gas field in FY 2026/27
PetroShorouk, the venture responsible for managing and developing Egypt’s Zohr gas field, has allocated investments worth $524mn to develop and expand the field during FY 2026/27.
Two dead, four injured in Algerian Hassi Messaoud oil field blaze
Two workers have been confirmed dead and four others injured following a fire at Algeria’s Hassi Messaoud oil field, the largest in Algeria.
Domestic producers surpass 50% of Nigeria’s oil output as Oando reaffirms IPPG support
Domestic oil companies now produce more than 50% of Nigeria’s crude oil output, marking a significant shift in the country’s upstream sector as domestic operators assume a leading role previously dominated by international oil companies.
Nigeria’s OPL245 overhaul unlocks deepwater potential for Eni
Nigeria has cleared the way for development of the Zabazaba and Etan deepwater fields after converting OPL245 into new production and exploration licences, following a settlement between the government and Eni (BIT:ENI; NYSE:E).
Egypt activates second gas production well at West Burullus
Egypt’s Ministry of Petroleum and Mineral Resources said that a second gas well at the West Burullus field, part of Cairn Energy’s (LSE: CNE) investments, has been brought into production at a rate of 12mn cubic feet per day
Tanzania energy sector officials meet to improve oil and gas oversight
Tanzania’s Energy Minister, Deogratius Ndejembi, met senior officials from state energy agencies to discuss measures aimed at improving transparency and operational efficiency in the country’s oil and gas sector
Vopak delays decision on South Africa’s $1bn Richards Bay LNG terminal to Q1 2028
Dutch tank storage operator Royal Vopak (AMS:VPK) has delayed its FID on South Africa’s proposed Zululand Energy LNG terminal at Richards Bay to Q1 2028
Zimbabwe hikes fuel price by 16% to $1.77 per litre, second highest level in SSA after Malawi
Zimbabwe has increased the fuel pump price by up to 16% per litre in response to the disruption caused by the ongoing armed conflict between the US, Israel and Iran.
Tanzanian president orders expansion of fuel reserves as Dar es Salaam tank farm progresses
Tanzania’s President Samia Suluhu Hassan has directed the Ministry of Energy to urgently expand the country’s strategic fuel reserves, warning that rising global prices and geopolitical tensions are increasing the risk of external supply shocks
Ghana pushes $60bn petroleum hub to become West Africa’s energy corridor
Ghana’s government has pledged transparency and civil society collaboration as it advances the ambitious Ghana Petroleum Hub project aimed at transforming the country into a regional energy security corridor.
Natural gas explorer D3 Energy continues to expand footprint in South Africa’s Free State
The Petroleum Agency South Africa (PASA) has formally accepted three new Exploration Right (ER) applications by helium and natural gas explorer D3 Energy.
Kenya Pipeline IPO oversubscribed by 5.7% in country's first major privatisation in over a decade
The Kenya Pipeline Company IPO was oversubscribed by 5.7%, with investors applying for 12.5bn shares against an offer of 11.8bn, valuing the fuel transporter at $1.3bn ahead of its Nairobi listing.
Nigeria adjusts oil revenue remittance order, keeps NNPCL role in crude sales
Nigeria has revised the implementation of its new oil revenue remittance order, allowing the Nigerian National Petroleum Company Limited to continue selling crude on its behalf while routing proceeds through a new Central Bank of Nigeria
Nigeria splits OPL 245, clearing path for Shell and Eni development
Nigeria has divided the long-disputed OPL 245 oil block into four separate assets to be operated by Shell and Eni, a move aimed at unlocking one of the country’s largest deepwater reserves after nearly 30 years of legal disputes
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