Tag: oil
Senegal plans construction of second refinery to increase annual refining capacity
Senegal is planning the construction of second refinery, SAR 2.0, by 2029, to increase its annual refining capacity and put an end to its paradox: ... Read More
Africa turns east, but trade with China deepens dependence, warn experts
Africa’s trade with China has surged 25% in 2025, reaching $122 billion in just seven months — on track to exceed $200 billion for the ... Read More
Egypt’s current account deficit narrows amid surge in remittances, tourism revenue
Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year ... Read More
Libya Reaffirms Commitment to Green Energy Partnerships and EU Collaboration
Libya’s Minister of Oil and Gas, Khalifa Abdulsadiq, has reiterated the country’s openness to strategic partnerships, particularly with European partners, as part of efforts to ... Read More
TotalEnergies faces manslaughter investigation in France over 2021 Mozambique attack
French prosecutors have launched a judicial investigation into TotalEnergies, accusing the oil giant of involuntary manslaughter and failing to assist people in danger during a ... Read More
South Sudan restores crude oil production and export via Sudan as force majeure is lifted
The South Sudanese government and key oil companies have jointly announced the resumption of oil production and export at its Blocks 3 and 7 in ... Read More
Niger envisions new era of development as its first oil export arrives in Benin
First Nigerian oil has arrived at the Beninese oil terminal of Sémè Kraké using the Niger-Benin pipeline, with experts hailing the launch of this platform ... Read More
Africa needs to invest $9.3bn to expand oil infrastructure — report
With Africa's aging mid- and downstream oil products supply infrastructure, the countries on the continent must invest a combined $9.3 billion to expand fuel-transportation infrastructure ... Read More
Senegal’s new govt to audit oil, gas, mining industries, pledging to protect investor rights
Senegal will conduct a comprehensive audit of the oil, gas and mining sectors, according to the newly elected President Bassirou Diomaye Faye, who, however, also ... Read More
Senegal’s new president Faye vows ‘systemic change’, names firebrand opposition leader Sonko as PM
Only hours after being sworn in as Senegal's president on Tuesday (2 April), Bassirou Diomaye Faye named popular opposition figure Ousmane Sonko as the nation’s ... Read More