Top stories
Energy
Top stories
The proposed refinery could reshape fuel trade across East Africa, and create new competitive pressures for existing suppliers.
Nigeria’s deepwater oil sector, dormant for more than a decade, is drawing renewed attention from the world’s largest oil companies as a 2029 deadline for the country’s most generous tax credits pushes operators toward a wave of final investment decisions.
When Shell and other international oil companies began selling some of their Nigerian assets, the debate was never really about ownership. The bigger question was what would happen next. Could indigenous operators simply maintain production from ageing fields.
Kenya’s government said Tuesday it is extending a cut in value-added tax on petroleum products for another three months through mid-October.
Nigeria has granted Shell Plc a production-linked tax credit for its Bonga Southwest Aparo deepwater project, an incentive the government plans to extend to other oil majors as it works to boost the country’s crude output.
Eni’s $4 billion phase 3 expansion of the Baleine offshore field will lift Ivory Coast’s oil output from 60,000 to 150,000 barrels per day, with a new FPSO vessel targeting mid-2028 completion.
Dangote’s decision to anchor his second mega-refinery on Kenya’s northern coast came only after a monthslong, three-way contest with Uganda and Tanzania that exposed how differently the three East African neighbors compete for the same investor
Nigeria became Europe’s top jet fuel supplier in June, exporting 466,000 tonnes worth $553 million. But even as scarcity fades, airlines still face high fuel costs, and passengers are still paying steep airfares.
Oil prices have dropped to near pre-war levels after Middle East tensions eased, but Nigerian fuel pump prices remain stubbornly high, leaving millions of Nigerians still waiting for the relief that lower crude costs were supposed to bring.
Eskom has removed more than one million customers from load reduction schedules as it works toward eliminating the measure nationwide by 2027.
Sonatrach has delivered its first LNG cargo to Germany, arriving at the Wilhelmshaven FSRU on 2 July 2026 and signalling Algeria’s expanding role in Europe’s post-Russia energy supply.
ExxonMobil and partners commit $1 billion to the Usan Infill Project offshore Nigeria, the company’s first drilling campaign in the country since 2016, targeting 40,000 bpd of new crude production.
Aliko Dangote has settled on Kenya as the site for his proposed $17 billion oil refinery in East Africa, ending months of speculation over whether the project would land in Kenya, Tanzania or Uganda.
Dangote Petroleum Refinery shipped 466,000 metric tonnes of jet fuel to Europe in June — nearly double May’s volume — displacing the US as the continent’s top external aviation fuel supplier.
WeLight, a developer and operator of solar-powered mini-grids, plans to invest $650 million to expand electricity access across Africa, with Nigeria and the Democratic Republic of Congo receiving the bulk of the funding.
Despite four price cuts in a month, Nigerian pump prices remain well above pre-war levels. Expensive crude inventories, war-era taxes and supply chain disruptions explain why the rest of Africa is stuck too.
Liberia secures $57m under the RESPITE programme to expand Mount Coffee Solar Park from 20 MW to 30 MW and deploy battery storage, backed by a $125m World Bank package.
Egypt awards a $560 million EPC contract for the 1GW West Minya Solar Power Project to a Hassan Allam and Sterling and Wilson joint venture, backed by the EBRD and EU financing.
A coalition of environmental organisations has sued Shell in a French civil court, demanding access to environmental documents linked to the company’s $2.3 billion sale of its onshore Nigerian oil business
Ethiopia’s Ministry of Water and Energy is preparing an $18 billion electrification strategy under the third phase of its National Electrification Programme, targeting universal power access by 2035.
