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Libya signs $2.7bn port deal to improve economic prospects
Libya has signed a deal worth $2.7bn to expand its Misrata Free Zone and modernise a vital port as the country looks to improve trade connections with Europe and strengthen commercial links on the African continent.
Cameroon’s LPG consumption increases by 33.5%
Data from the Economic Outlook Note for Q2 published by Cameroon’s Ministry of Finance shows that the country’s domestic gas market continued to improve throughout 2025.
Emarat, SNOC sign LPG MoU
Emirates Petroleum Co. (Emerat) and Sharjah National Oil Co. (SNOC) have signed a Memorandum of Understanding (MoU) to create a new framework for increased cooperation.
Nigeria domestic gas sales jump 15.88% in 2025, NUPRC data show
Uganda nears final investment decision on $4bn national oil refinery project
Uganda has moved closer to realising its long-delayed national oil refinery, signing key agreements with Dubai-based Alpha MBM Investments LLC
Malawi's cost of living crisis set to worsen as regulator hikes electricity tariff by 12%
Malawi’s energy regulator announced a 12% electricity tariff increase on January 20, a day after it hiked the fuel pump price by 40%.
Nigeria’s refineries say they can end reliance on dollar petrol imports in 2026
Nigeria’s domestic refiners say they have enough capacity to meet national fuel demand in 2026, potentially displacing imports that accounted for more than 62% of petrol consumption in 2025, despite the ramp-up of the Dangote refinery.
Malawi hikes fuel prices by 42% amid prolonged shortages
Malawi has increased the fuel pump price by more than 41%, a development that is likely to drive consumer prices higher in a country experiencing a prolonged cost-of-living crisis.
Nigeria, UAE sign $700mn LNG cooperation deal in Abu Dhabi
Nigeria and the UAE have signed a $700mn cooperation agreement to support LNG development in Akwa Ibom State, marking a deeper strategic partnership as Abuja seeks to monetise its gas reserves and Abu Dhabi expands its global energy footprint.
Ghana regulator defends fuel price floor amid industry pressure
Ghana’s National Petroleum Authority (NPA) has rejected renewed calls to scrap its fuel price floor, saying market distortions persist and removing the policy could destabilise the downstream petroleum sector.
Iran’s private sector to process 12% of crude under partnership deals
The state-owned National Iranian Oil Co. (NIOC) has handed over 12% of the country’s crude oil production and processing to the private sector, a company official said.
NNPCL charters two Suezmax tankers to supply Dangote oil refinery
NNPCL has chartered two Suezmax tankers to secure steady crude deliveries to Dangote’s 650,000bpd refinery near Lagos, extending a shipping strategy first launched in 2024 to reduce reliance on volatile spot markets and stabilise feedstock supply.
Kenya seeks $824mn from pipeline company privatisation as debt pressures mount
Nairobi has launched the KPC privatisation targeting $824mn from an IPO that values the fuel transporter at about $1.27bn, amid a push for new funding for infrastructure amid rising debt-servicing costs.
Nigeria’s Dangote signs $350mn deal with India’s EIL to double Lagos refinery capacity
Dangote Group has signed a $350mn agreement with India’s state-owned Engineers India Ltd (EIL) to expand the Dangote Refinery and Petrochemicals Complex in Lagos
Angola’s Lobito refinery 23% complete
Angola’s $3.8bn Lobito refinery is now expected to be completed in July 2027, with the project currently 23% complete, according to Quantum Commodity Intelligence.
Star Oil pays $243mn in taxes as Ghana’s fuel market weathers price pressures
Star Oil said it paid more than GHS2.63bn ($243mn) in taxes and statutory levies in 2025, underscoring its contribution to public finances as living costs bite.
Nigeria's Dangote refinery to more than double capacity to 1.4mn bpd within three years, says CEO
Dangote Petroleum Refinery plans to more than double capacity to 1.4mn bpd within three years, with CEO David Bird saying the expansion will use a “roofless replication” model to fast-track procurement and construction.
SABIC avoids $4bn in future losses with decision to divest from assets outside of Saudi Arabia
Saudi Basic Industries Corporation (SABIC) has said that its decision to divest from numerous assets outside Saudi Arabia has helped stem the potential loss of $4bn in the future.
Nigeria’s petrol price war continues into 2026
Nigeria’s petrol price war has continued into 2026 with local retail outlets opting to drop the price of petrol below the N739 ($0.52) recommended by the country’s 650,000 barrels per day (bpd) Dangote refinery.
COMMENT: Instability in Iran bigger threat to global oil markets than Venezuela
The mass demonstrations rocking Iran presents a far more serious risk to global oil markets than the US decapitation of Venezuela, according to note by Kieran Tompkins, Senior Climate and Commodities Economist at Capital Economics.
Niger revokes tanker licences amid Mali fuel blockade by jihadists
Niger has revoked the licences of 33 fuel transport operators and drivers after they refused to deliver petrol to neighbouring Mali, where jihadist attacks on tanker convoys have intensified
Nigeria’s fuel imports fell 54% over two years as Dangote refinery reshaped market, CBN data show
Nigeria’s spending on refined fuel imports fell 54% to $6.71bn in the first nine months of 2025, according to Central Bank data, as subsidy removal and rising domestic refining – led by the Dangote refinery – begin to curb forex outflows.
Nigeria's Dangote Refinery halts petrol imports as supply stabilises, marketers say
Petrol imports into Nigeria have ceased as domestic supply from the Dangote Refinery is now meeting demand, oil marketers said.
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