Africa’s richest man, Aliko Dangote, has announced plans for a $16 billion refinery in Kenya with a proposed processing capacity of 700,000 barrels of crude oil per day. The refinery,
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Nigerian billionaire businessman Aliko Dangote has projected that most African countries will become self-sufficient in refined fuel by 2030 as he prepares to launch a $16 billion oil refinery project
The Crude Oil Refinery-Owners Association of Nigeria, CORAN, has called on the Federal Government to phase out unnecessary petroleum-product imports and maximise Nigeria’s domestic refining capacity. The association said the
A Kenyan court has directed that activities linked to the proposed Dangote Refinery in Lamu County be kept on hold pending further hearing of a legal dispute involving local residents
The African Democratic Congress (ADC) has rejected the Presidency’s description of former Vice President Atiku Abubakar’s proposal to cut petrol prices to about N600 per litre as a return to
The renewed push to restore Nigeria’s fuel subsidy has triggered a fresh debate among economists and petroleum industry stakeholders, with experts warning against returning to a blanket subsidy regime while
Motorists in parts of Nigeria have received some relief as MRS filling stations, backed by Dangote Refinery, and other fuel marketers have reduced their petrol pump prices following recent market
Italian energy giant ENI has reported a sharp increase in second-quarter earnings, posting a fivefold rise in profit as higher global oil prices and stronger production lifted its financial performance.
ABUJA, Nigeria – The Independent Petroleum Marketers Association of Nigeria (IPMAN) has warned that the prices of petrol, diesel and other petroleum products could increase following the Dangote Refinery’s decision
Dangote Petroleum Refinery relied heavily on Nigerian crude oil between May and June 2026, with nearly four out of every five barrels processed coming from local producers, reinforcing the country’s
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