Africa
Nigeria's Dangote warns cheap Russian oil products threaten African refineries
Nigerian billionaire Aliko Dangote has warned discounted Russian petroleum products are pouring into African markets and risk undermining the continent's emerging refining industry.
Zambia plans 60,000-bpd oil refinery in copper belt
Officials hope construction will start in the third quarter of 2025, with a first phase of commercial operations planned for 2026.
Trump's sanctions threat looms over Russian oil exports to China, India and Turkey
U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees to a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.
Nigeria's Dangote refinery plans 1.6-MMbbl fuel storage tanks in Namibia
Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 MMbbl of gasoline and diesel to supply refined fuel to southern Africa.
Angola hikes diesel price again to bolster public finances
Angola hiked the diesel price by one-third from Friday as part of the government's drive to curb costly subsidies and shore up public finances.
Lloyd’s Register signs strategic collaboration with DAI Infrastruktur for green ammonia Project Ra
Lloyd's Register (LR) has entered into a memorandum of understanding (MoU) with German developer DAI Infrastruktur GmbH (DAI) for Project Ra, a large-scale green ammonia production and bunkering development at East Port Said, Egypt.
Nigeria to export first gasoline cargo to Asia from Dangote refinery
A 90,000 metric ton cargo of gasoline from Nigeria's Dangote refinery will be sold out of the region for the first time and bound for Asia
Phelan Green Group's $2.6-B eMethanol project remains on schedule
In a key development, Phelan announced that the primary export product will now be eMethanol, a derivative of H2, to meet immediate global demand from the maritime, and aviation sectors.
Algeria launches $7-B investment plan to expand hydrocarbon processing
Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr.
South Africa's $5.8-B Hive project aims to lead low-cost ammonia output
A $5.8-B project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
