The Nigerian National Petroleum Corporation (NNPC), through the federal government, is seeking US$1bn with an aim to continue work on the US$2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, after Chinese lenders, which had pledged to provide the majority of the funds, failed to disburse cash as timely as expected
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McKinsey & Company has predicted that demand for light product including gasoline, diesel/gasoil, jet/kero etc, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition
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Angolan state oil company Sonangol has launched the tender for investment in the refinery of Lobito during an event held in the Municipal Administration of Lobito
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Timipre Sylva, minister of state for petroleum resources in Nigeria, has restated the need to deregulate the downstream sector with an aim to boost the country’s economy
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Congo has launched the construction of a US$600mn oil refinery near the port city of Pointe-Noire, an initiative move that aims to increase domestic refining capacity and offset chronic fuel shortages
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