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Africa: Libya Emerges Africa’s Highest Oil Producer As Nigeria’s Output Drops 6.8 Percent to 1.23 Mbpd

Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from 1.32 bpd in February 2024. On the other hand, Libya’s oil output rose by 5.4 per cent to 1.236 million bpd in March 2024, […]

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Kenya’s Fuel Consumption Drops On Rising Fuel Prices

Nairobi — Kenya’s fuel consumption and demand fell last year, the latest data from the Energy and Petroleum Regulatory Authority (EPRA) shows. According to a report, Kenyans consumed 4.3 million cubic meters of fuel in 2023, down from 4.5 million cubic meters during a similar period in 2022. The fall came at a time when […]

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Ghana: President Akufo-Addo Appoints New CEO for GNPC

Joseph Abuabu Dadzie has been appointed as the acting Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC). Prior to his appointment, Joseph Dadzie served as the deputy chief executive (DCE) responsible for Commerce, Strategy, and Business Development within the corporation. Joseph Dadzie’s appointment comes following the tenure of Opoku-Ahweneeh Danquah, who was […]

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Tanzania to Throw Weight Behind Natural Gas Use

DODOMA — THE government has assured the public that it is taking affirmative action to ensure the country’s natural gas benefits Tanzanians and contributes significantly to the nation’s economic growth. The Deputy Minister for Energy, Ms Judith Kapiga gave the assurance in Parliament yesterday when legislators, led by Josephat Gwajima ( CCM-Kawe), who sought the […]

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Namibia: Rising Fuel Can Flame Inflation

Figures from the mines and energy ministry show that during March 2024, global petrol prices increased by 2.7% while international prices for diesel 50ppm decreased by 2.64% ,and diesel 10ppm decreased by 2.46%. On top of this, the exchange rate figures for 1 to 25 March indicated a 0.93% appreciation of the Namibia dollar against […]

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Uganda: Petroleum Authority Says Negative Propaganda Hurts Uganda’s Oil Sector

The Petroleum Authority of Uganda has decried continued false propaganda on oil and gas sector that they said is making it hard to attract investors. While leading a delegation of officials from the Ministry of Foreign Affairs including Uganda’s ambassadors to China, France, UAE and Tanzania to a tour of Kingfisher oil fields, Kabalega international […]

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Senegal’s New Leader Announces Audit of Oil, Gas and Mining Sectors

In his first speech to the nation since his election as president of Senegal, Bassirou Diomaye Faye said one of his first policy moves would be to audit the country’s oil, gas and mining sectors to root out corruption. “The exploitation of our natural resources, which according to the constitution belong to the people, will […]

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Namibia: Fuel Prices Go Up

The price of petrol increased by N$1.52 per litre, while both diesel grades will increase by 72 cents per litre, effective Wednesday, the Ministry of Mines and Energy announced. The ministry in a statement said that the price of petrol at the pump in Walvis Bay will be N$22.30, diesel 50 ppm will be priced […]

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South Africa: Consumers to Dig Deeper As Petrol, Diesel Prices Increase

Motorists are expected to feel the pinch even further this month when the prices of all grades of fuel increase. The following are the increases that have been announced by the Central Energy Fund (CEF): Petrol (93 ULP & LRP): 65 cents increase Petrol (95 ULP & LRP): 67 cents increase. Diesel (0.05% sulphur): 3 […]

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Nigeria: NAF Destroys Several Illegal Refining Sites, Barges in Rivers

The sites and barges destroyed were discovered between Monday and Tuesday at Bille, Dariama, Elem Bekinkiri, Temakiri, Opumakiri, and Degema all in Rivers. The Nigerian Air Force (NAF) says the Air Component of the “Operation Delta Safe” has destroyed several illegal oil refining sites and barges laden with stolen crude oil products across Rivers. This […]

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Sudan Oil Fields Crippled By ‘Large-Scale Sabotage’

West Kordofan — Engineers in the oil fields of West Kordofan have confirmed “large-scale sabotage operations” in the Dafra field, near the Heglig oil field, situated on the border between Sudan and South Sudan two weeks ago. An engineer explained to Radio Dabanga that the Dafra field is a pumping station for El Neem oil […]

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Nigeria: Address Anxiety Over Oil Exploration in Bauchi, Gombe, Group Urges Govt

The Nigerian government has found one billion barrels of oil reserves and 500 billion cubic feet of gas within the Kolmani river area of Gombe and Bauchi State. The Renevlyn Development Initiative (RDI) has berated the Federal Government for failing to prepare oil-bearing communities in Bauchi and Gombe states for potential environmental and health impacts […]

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Namibia: Prepare for Oil Opportunities – Shiimi

NAMIBIA is falling behind in its readiness to enter a burgeoning oil and gas sector, according to Finance and Public Enterprises Minister, Iipumbu Shiimi, who says the country must adequately prepare to fully reap the benefits of a lucrative hydrocarbon industry. “I believe we are not ready as a country and I think we must […]

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Kenya: Reprieve for Kenya’s Consumers As Fuel Prices See Largest Decline Yet

Fuel prices have experienced a significant decrease in the latest review, shortly after President William Ruto hinted at a potential reduction in costs. The Energy and Petroleum Regulatory Authority has slashed the price of super petrol by Ksh7.21, diesel by Ksh5.09, and kerosene by Ksh4.49. In Nairobi, a litre of super petrol will now be […]

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Nigeria: The Resurgence of Fuel Queues

Despite claims to a removal of subsidy in the downstream sector of the petroleum industry and the fact that the pump price has almost quadrupled since last May, long queues of vehicles have resurfaced at the few filling stations dispensing fuel in Abuja. What is becoming clear is that no remarkable progress has been made […]

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Nigeria: Security Measures in Niger Delta Increase Oil Output By 200,000 Barrels – Adviser

The Special Adviser to the President on Energy, Mrs Olu Verheijen, yesterday said the administration of President Bola Tinubu opted for fiscal incentives in the oil and gas sector to attract investments, adding that the enhanced security measures in the Niger Delta has led to increase in over 200,000 barrels/day over the last six months. […]

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Somalia: Turkey, Somalia Announce Agreement to Explore for Oil and Gas

Somalia and Turkey have announced the signing of a deal to explore for oil and gas that further strengthens cooperation between the two countries, according to officials from both countries. Under the agreement signed Thursday in Turkey, the deal is to promote the development of bilateral, scientific, technical and commercial cooperation between Turkey and Somalia […]

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Kenya: Tullow Singles Out Kenya Oil Project As One of Its Key Growth Area

Nairobi — Tullow Oil plc, the independent energy Company building a better future through responsible oil and gas development in Africa, has announced its Full-Year Results for the year ended 31 December 2023. In the results, Tullow reiterated the delivery of its plan, which is achieving targeted results and a much-improved business. During the year, […]