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Turkey to supply Syria with 2bn cubic metres of gas annually
Turkey will provide Syria with 2bn cubic metres of natural gas annually to help rebuild the country's energy infrastructure, Turkish Energy Minister Alp Arslan Bayraktar announced on May 22.
Nigeria's fuel marketers choose Dangote over state-owned refineries
Nigerian fuel traders are currently unable to purchase petrol from two state-run refineries six months after the Nigerian National Petroleum Co. Ltd (NNPCL) announced that they were operational.
Russia to build fuel pipeline in Republic of Congo
Russia’s Cabinet of Ministers has submitted to parliament for ratification a deal with Congo to construct a petroleum products pipeline there aimed at strengthening regional energy infrastructure and facilitating bilateral trade in refined oil.
Oil prices increase as Middle East tensions rise
Oil prices increased slightly on May 19 following a breakdown in talks between the US and Iran over Iran’s nuclear programme, with Brent crude futures lying 13 cents higher at $65.54 per barrel.
Iran increases crude storage capacity by 2mn barrels
Iran has added an additional 2mn barrels of crude oil storage capacity to its Kharg Island export terminal, with tanks 25 and 26 being put back into operation after refurbishment on May 17.
NNPCL inspects Nigerian Port Harcourt and Kaduna refineries
The Nigerian National Petroleum Co. Ltd’s leadership has conducted an inspection visit to the 110,000 bpd Kaduna refinery and 210,000 bpd Port Harcourt refinery as part of efforts to ensure they are running effectively.
Nigeria’s Dangote refinery set to receive 272,000 tonnes of international crude
Nigeria’s 640,000 barrel per day Dangote refinery received 146,000 tonnes of crude oil from the international market from the tanker Hercules this week, with another tanker – Sienna – set to follow soon afterwards.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
Iran, Afghanistan voice desire to work together in oil, gas development
Iran and Afghanistan signalled their mutual desire to cooperate in the oil, gas and petrochemical sectors, with Tehran offering help to develop its neighbour’s growing petroleum industry.
Iraq rediscovers its forgotten Somalian refinery after 45 years
An Iraqi oil refinery built in Somalia in the 1970s has remained abandoned for nearly 45 years, before re-emerging into public awareness during recent diplomatic talks.
South Africa’s new National Petroleum Co. to synergise energy, fuel supply security via mergers
South Africa’s Central Energy Fund (CEF) has transferred assets and funds to the National Petroleum Company (SANPC), intending to unlock $83mn to $166mn worth of synergies from the merger of three state-owned petroleum products companies.
Iran to fire up two new refineries to cut costly fuel imports
Iran plans to bring online two new oil refineries, a deputy oil minister said, amid efforts to narrow the gap between domestic fuel production and soaring consumption.
South Africa's energy watchdog NERSA approves amendments to licences to key crude oil pipeline
South Africa’s energy regulator has approved changes to the licensing framework for facilities operated by energy and oil firms, TotalEnergies South Africa (TotalEnergies) and Sasol Oil (Sasol) southeast of the country.
Focus on strategic gas monetisation at Invest in African Energy 2025 forum
At the start of the Invest in African Energy (IAE) forum in Paris, African energy leaders called for stronger regional cooperation, smarter use of gas resources, and better local development policies.
East Africa moves towards LPG-based energy transition
The demand for cleaner fuels in East Africa is growing quickly as the region’s growth continues, with a local Nairobi-based company – Gasfil – offering to carry the torch.
Nigeria’s CNG initiative stalls due to infrastructure gaps, says former industry official
Nigeria’s Presidential Compressed Natural Gas (Pi-CNG) initiative is facing significant delays due to infrastructure shortfalls nearly two years after its launch, according to a former energy sector official.
NNPCL must transfer revenue gains from subsidy to government accounts, says World Bank
The Nigerian National Petroleum Co. Ltd has only been sending 50% of profits gained from the removal of petrol subsidies to the federation account, according to the World Bank.
Nigeria's Dangote refinery cancels planned June maintenance
Nigeria’s 650,000 barrel per day Dangote refinery has cancelled planned maintenance at its petrol-making unit due to having finished the works during an unplanned shutdown between April 7 to May 11.
Final investment decision on Morocco-Nigeria $25bn gas pipeline expected by end-2025
Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, said the final investment decision on the $25bn Nigeria-Morocco Gas Pipeline project is expected by the end of 2025.
Nigerian Navy recovers 8,660 litres of crude from six illegal refineries
The Nigeria Navy revealed this week that it had destroyed six illegal refineries and recovered around 8,660 litres of stolen crude and 1,005 litres of petrol total in the Obodo Omadina community, Warri.
Half of Borsa Istanbul-listed companies post 1Q loss
Excluding banks, 265 out of Turkey’s 521 Borsa Istanbul-listed companies reported a loss in the first quarter of 2025, according to business daily Ekonomim.
Iranian petchem giant to invest $200mn in flare gas recovery in Khuzestan oil fields
Iran’s largest petrochemical conglomerate, the Persian Gulf Petrochemical Industries Co. (PGPIC), plans to pour $200mn into a flare gas recovery project in the West Karoun oil region of Khuzestan province, southwest Iran.
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