AfrOil - Africa Oil & Gas

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Oil & Gas

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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.

 AfrOil is fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Nigeria grants Dangote licence to refine 300,000bpd of crude

16 November 2023

Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has secured a license allowing it to refine more than 300,000bpd of Nigerian crude oil and is moving to begin processing gasoline shortly.

Egypt to raise petchem, fertiliser exports to African states

16 November 2023

Egypt is set to increase exports of petrochemicals and fertilisers by 10% to African countries in 2024 according to an announcement made on November 12 by Khaled Abul-Makarem

Kenyan government introduces temporary fuel subsidy

16 November 2023

The Kenyan government has intervened to subsidise fuel prices in a bid to stop them rising to Ksh300 ($1.97) per litre.

What is pushing oil price down?

10 November 2023

The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.

What is pushing oil price down?

10 November 2023

The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.

Saudi, Russia to stick with voluntary output cuts

9 November 2023

Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.

Nigeria states it will cancel idle modular refinery licences

9 November 2023

Nigeria’s federal government has stated that it will cancel modular refinery licences that have remained idle.

Nigeria launches Nembe crude oil grade

8 November 2023

The Nigerian National Petroleum Company Limited (NNPCL) and domestic energy company Aiteo have launched the Nembe crude oil grade into the international market.

Mozambique, Tanzania negotiate natural gas share agreement

8 November 2023

Mozambique and Tanzania are due to soon sign an agreement outlining the formula they will use to share natural gas from an offshore reservoir that straddles their common border.

Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war

8 November 2023

The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.

Edited by

Jennifer deLay

Editor

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