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Overview
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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Higher oil prices pose risk to Egypt’s strained budget
Officials from Egypt’s government said on June 16 that every $1 increase in global oil prices above the budgeted level adds roughly $76.9mn-$89.5mn per year to public spending and exerts more pressure on the fiscal policies.
ING: Oil in focus as Israel-Iran conflict escalates
Commodity markets are focused on escalating geopolitical tensions between Israel and Iran, with the Middle Eastern conflict sparking a surge in oil prices.
Petredec to build first VLGC-ready LPG terminal in Tanzania's Tanga Bay
Privately owned liquefied petroleum gas (LPG) shipper Petredec has announced plans to build Tanzania’s first large-scale, open-access LPG terminal at Tanga Bay, in partnership with Tanzanian conglomerate ASAS Group of Companies.
Egypt seeks to secure liquefied natural gas from different sources amid escalated regional tensions
The Egyptian government is currently intensifying its efforts to secure liquefied natural gas to meet the expected high demand in the summer, amid severe tensions in the region that threaten gas supplies.
Egypt announces halt in Israeli gas supplies, fertiliser companies suspend operations
Egypt's Ministry of Petroleum announced a halt in natural gas supplies from Eastern suppliers, referring to Israel, which stopped its oil supplies from the Leviathan field as a precautionary measure against an expected Iranian attack.
ASX-listed Kinetiko Energy raises $1.4mn to fund South African gas exploration drive
An Australian gas company, Kinetiko Energy (Kinetiko), has raised about $1.4mn, which it plans to use for exploration and to continue a production testing programme at its project in northeastern South Africa.
Egyptian Khalda Petroleum to bring two new wells into production in June
Egyptian oil firm Khalda Petroleum plans to bring two new oil wells into production in June 2025, with a combined initial output from of around 5,400 bpd.
Nigeria's Oando shares rise 40% after strong earnings and $375mn funding boost
Shares in Oando Plc, a Nigerian multinational energy company, surged by nearly 40% on the NGX after the release of strong 2024 financial results and the announcement of a major reserve-based loan facility.
Nigeria’s petrol import bill falls 54% in 1Q25 as Dangote refinery increases output
Nigeria’s petrol import bill fell to NGN1.76 trillion ($1.4bn) in the first quarter of 2025, representing a 54% year-on-year decline, as domestic refining increased following ramped-up output from the Dangote Petroleum Refinery.
Nigeria’s NNPCL targets four major investment decisions by end of 2025
The Nigerian National Petroleum Company Ltd aims to conclude four major final investment decisions by the end of 2025, according to its recently released April Limited Monthly Report Summary.
Dangote signals major overhaul of Nigeria's downstream oil sector
Aliko Dangote, President of Dangote Group, has announced plans for a significant reform of Nigeria’s downstream oil sector following a visit by President Bola Tinubu to the Dangote Petroleum Refinery in Lagos.
Kenya’s energy sector stakeholders urges policy stability amid fuel supply strains
Kenya’s energy and oil industry stakeholders have called on the government to introduce consistent policies and strengthen supply chain reliability to safeguard recent progress in fuel availability and price stability.
Falling oil prices delay Nigeria’s $5bn Aramco loan deal
Negotiations between the Nigerian government and Saudi Arabian state energy firm Aramco over a proposed $5bn oil-backed loan have slowed substantially, as declining global crude oil prices raise concerns among potential financiers.
Expro deploys TRS technology to enhance Eni’s drilling operations offshore Côte d'Ivoire
Expro, a global provider of energy services to oil and gas exploration and production companies, has deployed its pioneering iTONG system for the first time in Sub-Saharan Africa offshore Côte d'Ivoire.
Dangote announces ‘shakeup’ of Nigerian downstream sector
CEO of Dangote Group Aliko Dangote has revealed that Nigeria’s downstream sector is set to face a “shakeup” in the coming months.
South Africa needs clear strategy to avert gas supply crisis, industrial users say
South African Parliament’s Portfolio Committee on Electricity and Energy has discussed measures to address critical gas sector infrastructure, policy and pricing developments with government energy departments and intensive industrial gas users.
Kenya eyes first oil exports in 2026 as Gulf Energy nears Tullow deal
Kenya aims to begin commercial crude oil production and exports next year, Energy and Petroleum Cabinet Secretary Opiyo Wandayi said on June 9, signalling renewed momentum in a long-delayed project in the country’s north.
Ghana’s new fuel tax sparks opposition backlash amidst energy crisis reforms
Ghana’s opposition lawmakers have called on the government to immediately withdraw a controversial new GHS1 ($0.10) fuel levy, warning that it will worsen economic burdens and undermine public trust.
NGX targets Dangote Petrochemicals, NNPCL listings to support $1 trillion GDP goal
The Nigerian Exchange (NGX) plans to list Dangote Petrochemicals and the Nigerian National Petroleum Company Ltd in 2025 as part of efforts to expand market capitalisation and contribute to the federal government’s $1 trillion GDP target by 2030.
IEA report highlights challenges and opportunities for energy investments in Africa
Africa is encountering fresh challenges and opportunities as the nature and origin of investment flows into the continent continue to change.
BLOG: Is the high risk of Mozambique LNG worth the potential for high reward?
Major LNG projects are typically characterised by obstacles, challenges and delays, and even once the project does get the green light, more likely than not it will still suffer a few setbacks.
Ghana’s fuel levy draws international attention amid mounting energy debt crisis
Ghana’s former energy minister has defended the government’s new GHS1 ($0.10) fuel levy, describing it as a necessary intervention to tackle the country’s worsening energy sector debt and systemic under-recovery in electricity costs.
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