refinery

Forging a New Path in Mozambique’s Energy Landscape: The Aiteo and Government Partnership In a significant moment for Mozambique's energy sector, President Daniel Chapo presided over a signing ceremony that heralded a new partnership with Aiteo. This collaboration aims to reshape the country's industrial infrastructure while attracting impactful energy investments. With a long-standing commitment to energy independence and sustained industrial growth, Chapo’s administration is…

In the ever-evolving landscape of Nigeria's oil and gas sector, significant changes are underway. The government's initiatives aim to reduce its influence over the private sector, thus paving the way for a more competitive and liberalized market structure. This transition could potentially reshape the dynamics of oil supply and demand within the country and beyond. Recently, Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), shared insights during an…

In a remarkable achievement for its relatively short existence, Sunbeth Energies has recently forged a partnership with Dangote Refinery, making it one of the few downstream companies in Nigeria to secure such a prestigious collaboration. This milestone not only showcases the company’s credibility but also elevates its standing as a trusted energy distributor in the region. Just under two years in operation, this partnership signals not only immediate gains but also long-term aspirations for growth and sustainability…

Dangote Refinery's Future: A Turning Point for Nigeria By the close of 2025, the Dangote refinery, a titan in Africa’s energy landscape, will pivot entirely to using Nigerian crude oil, as articulated by Devakumar Edwin, the Vice President of Dangote Industries. This journey toward self-sufficiency represents not merely a strategy for the refinery but a potential renaissance for Nigeria's oil sector. This ambitious refinery, boasting a capacity of 650,000 barrels per day, is owned…

Afreximbank: A Catalyst for Change in Africa’s Energy Sector In a noteworthy development, Prof. Benedict Oramah, President and Chairman of the Board at Afreximbank, recently shared significant strides the organization has made during the closing session of its 32nd Annual Meetings. His insights offered a profound glimpse into how targeted financial interventions can reshape an entire continent's energy landscape. Oramah introduced the concept of what he refers to as “African Best…

Aliko Dangote: A Vision for Transparent Growth In an exciting move that has the potential to reshape the landscape of African commerce, Aliko Dangote, Africa's wealthiest individual, has unveiled plans to list his colossal Nigerian oil refinery on the stock market by the end of 2026. This ambitious strategy aims not only to broaden the investor base but also to address lingering concerns around the monopoly power of his conglomerate. Speaking during the African Export-Import Bank’s annual general meeting in Abuja, Dangote…

The military government of Mali is embarking on an ambitious campaign to consolidate control over its gold industry, a sector long dominated by foreign enterprises. Recent developments suggest a significant shift, characterized by a decisive push to reclaim authority from multinational operators, particularly in light of support from Russia. The junta's actions signal a broader intent to stimulate local processing capabilities, moving away from reliance on foreign entities. In a striking move, a Malian court recently…

Expanding Horizons: The Impact of Dangote Refinery on Global Fuel Markets The Dangote Refinery is making headlines with its ambitious move to export 90,000 metric tons of gasoline to Asia. This shipment signifies a pivotal moment, as it will be the refinery's first gasoline venture beyond the confines of West Africa. A source familiar with the transaction outlined that the trading firm Mercuria is set to load this significant cargo on June 22, 2023, which will undoubtedly set the stage for a new chapter in the refinery's…

Mali is forging a new path in its quest for economic autonomy. Recently, the country began the construction of a state-of-the-art gold refinery, powered by Russian backing. This strategic initiative, championed by its military-led government, aims to enhance the nation's control over its precious natural resources. But what does this really mean for Mali and its future? The newly established refinery is set to be a significant player in Mali's economy, with the Malian government holding a majority stake of 62%.…

Transforming Nigeria's Energy Landscape: Dangote Petroleum Refinery's Fuel Distribution Initiative The Dangote Petroleum Refinery is poised to ignite a transformative wave within Nigeria's downstream petroleum sector. With an official launch date set for August 15, 2025, this major fuel distribution initiative is expected to not just change the game, but also significantly influence the economic landscape of the entire nation. In a recent announcement via the platform X, the refinery…