oil refinery

Nigeria commissions Africa’s largest oil refinery in bid to end fuel imports

Nigeria on Monday (22 May) commissioned the Dangote Refinery billed as Africa’s largest oil refinery, amid hopes of transforming the West African country into a net exporter of petroleum products, though doubts persist that securing crude supplies could delay achieving full production this year. The new refinery, owned by Africa’s riches man Aliko Dangote, was […]

Libya welcomes first batch of Russian Sputnik V to roll out vaccination program

Libya Sunday received over 100,000 doses of Russian covid-19 vaccine, Sputnik V, and will begin the inoculation campaign against the pandemic which has already infected over 160,000 people. Interim Prime Minister Abdul-Hamid Dbeiba welcomed the doses which landed at Mitiga International Airport in Tripoli. “Little drops of water make the mighty ocean, and now we […]

Afreximbank poised to help Senegal raise $500m

The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]