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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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Afreximbank leads $4bn Dangote Refinery refinancing with $1.35bn anchor contribution
African Export-Import Bank (Afreximbank) has led a $4bn refinancing deal for Dangote Industries Limited (DIL), providing $1.35bn as anchor lender in a syndicated facility aimed at refinancing the Dangote Petroleum Refinery and Petrochemicals Complex.
OPEC+ to raise oil production in September
Eight key OPEC+ countries have announced a production adjustment of 547,000 bpd for September
Nigeria’s Dangote Refinery appoints new CEO, outlines Africa-wide expansion plan
Dangote Refinery has appointed David Bird as chief executive officer of its fuels and petrochemicals division, assigning him responsibility for scaling operations, addressing design setbacks, and expanding the company’s presence across Africa.
Libya’s main Sharara oilfield hits highest output in seven years
Libya’s Sharara oilfield, the country’s largest, has reached its highest production level since 2018, pumping 310,970 barrels per day (bpd).
Kenyan MPs halt $23.26mn NOCK-Rubis deal over fears of secret asset handover
Kenyan lawmakers have suspended a KES3bn ($23.26mn) agreement between the National Oil Corporation of Kenya and French-owned Rubis Energy Kenya, warning it could lead to the quiet transfer of strategic state assets to a private company without public
Ghana eyes regional fuel hub role
Reconnaissance Energy Africa starts drilling Kavango West 1X exploration well in Namibia
Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has announced the spudding of the onshore Kavango West 1X exploration well located within Petroleum Exploration Licence (PEL) 73 in northeast Namibia.
Egypt raises natural gas prices for industries amid rising import costs
The Egyptian government has increased the natural gas prices supplied to industrial sectors, starting from August 1
Aquarius Energy acquires stake in giant oil storage site in South Africa
Aquarius Energy, a joint venture focused on fuel supply and logistics has completed its acquisition of Oiltanking’s 37% stake in Oiltanking MOGS Saldanha (OTMS), Africa's largest oil storage site, located on the West Coast of South Africa.
Dangote to list refinery on Nigerian Exchange "very soon" to boost local participation
Aliko Dangote has announced plans to list his multibillion-dollar oil refinery on the Nigerian Exchange "very soon", a move aimed at allowing Nigerians to purchase shares and participate in the country’s oil and gas sector.
Libya’s crude oil production increases to 1.4mn barrels per day, says NOC
Libya’s National Oil Corporation (NOC) announced a notable increase in daily production rates of crude oil, gas, and condensates over the past 24 hours. Crude oil output reached approximately 1.4mn barrels per day.
Nigeria's Seplat Energy reports $1.4bn H1 revenue as production rises
Seplat Energy reported revenue of NGN2.167 trillion ($1.4bn) for the first half of 2025, nearly four times higher year-on-year, as average oil production rose to 134,492 barrels of oil equivalent per day (boepd).
Kenyan fuel prices spike as subsidy fund collapses
The Kenyan government is currently facing financial pressure as pump prices climb to their highest levels in years while the country’s fuel subsidy fund remains depleted, according to Uzalendo News.
Some 22 dead, 1,200 arrested as fuel price hike protests in Angola turn deadly
At least 22 people have been killed, 197 injured and more than 1,200 arrested in Angola following protests prompted by a recent fuel price increase.
Tanzania orders EACOP to accelerate community projects amid rising costs
Tanzania’s government has directed the East African Crude Oil Pipeline (EACOP) Company to speed up the rollout of community service initiatives and allocate sufficient funding for them.
Nigeria: Aliko Dangote demands halt to fuel imports
Africa’s richest man and CEO of Dangote Group Aliko Dangote pushed the Nigerian government to ban fuel imports as part of its ‘Nigeria First’ policy this week, underscoring the poor quality of imported goods.
Angola’s ANPG drives $60bn investment initiative through upstream oil and gas projects
Angola is rolling out a $60bn investment initiative across its upstream oil and gas industry between 2025 and 2030. The strategy is driven by the National Oil, Gas & Biofuels Agency (ANPG) through a series of exploration and production projects.
JGC wins preliminary contract for floating LNG project in Africa
Global engineering, procurement, and construction company JGC Holdings Corporation has been awarded a preliminary contract for a floating liquefied natural gas project in Africa through its subsidiary JGC France.
Egypt’s EGAS to import 46 LNG shipments worth $2.6bn in August and September
The Egyptian Natural Gas Holding Company (EGAS) plans to import around 46 shipments of liquefied natural gas (LNG) during August and September 2025 at an estimated cost of $2.6bn.
Kenya to privatise state-owned Kenya Pipeline Company, list shares on Nairobi bourse
Kenya’s Cabinet has approved the privatisation of the Kenya Pipeline Company (KPC), paving the way for the government to partially divest its stake and list the firm on the Nairobi Securities Exchange.
Nigeria's Dangote Refinery withdraws $65mn lawsuit against NNPCL, petroleum marketers
Dangote Petroleum Refinery has withdrawn its NGN100bn ($65mn) lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and five other petroleum marketers.
Egypt to increase LNG purchases for rest of decade
Egypt is set to raise LNG purchases over the next five years as demand soars in the north African country.
South Africa faces jet fuel shortage by October if 1964 law is not amended, industry official warns
The Fuel Industry Association of South Africa (FIASA) has warned of a possible jet fuel shortage if a 61-year-old law governing its importation, local transportation and exportation is not reformed to reflect new realities.
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