BP Subsidiary to Sell 50% Stake in Maputo Airport Fuelling to Petromoc
British Petroleum (BP) subsidiary in Mozambique intends to sell 50 per cent of the shares it holds in the Maputo International Airport Fuelling Services (MIAFS)... Read More
Petroleum
Nigerian President: Fuel Subsidy Removal Saves $1.32B in 2 Months
The president of Nigeria, Bola Tinubu said last week that by eliminating the expensive gasoline subsidy and moving to converge its various currency rates, Nigeria... Read More
Tanzania’s Fuel Prices Surge Amid Cross-Border Fuel Sourcing
Due to the current US currency scarcity, petrol costs in Tanzania have increased by 17%, forcing drivers to dig even further into their wallets. The... Read More
Kenya Aims to Become East Africa’s Petroleum Hub with Major Asset Acquisition
Kenya is boosting its advantage over Tanzania in its bid to provide petroleum products in the East African region, with the nation’s cabinet this week... Read More
Nigerian National Petroleum Company Limited reports 40 instances of crude oil theft in a week
2 min read
According to the Nigerian National Petroleum Company Limited (NNPCL), between July 15 and July 21, 2023, 40 instances of crude oil theft were reported across... Read More
Nigeria and Equatorial Guinea Hold Talks on Collaborative Oil & Gas Development
Nigeria and Equatorial Guinea have expressed interest in the joint development of the regional oil and gas sector, with the countries looking at formalizing a... Read More
India and Total hold talks on restarting Mozambique LNG project
India’s Oil Ministry and French oil and gas major Total Energies held deliberations on restarting the much-awaited $20 billion liquefied natural gas (LNG) project in... Read More
Nigerian Govt Claims 33% of Africa’s Gas Reserves
According to the Federal Government of Nigeria, 33% of Africa’s total gas reserves are now located in the West African country. The Nigerian government also... Read More
Nigeria’s oil production continues on an upward trend
Following a rise in output last month, Nigeria’s crude oil revenues increased to nearly N1.68tn in June 2023, according to a study of the latest... Read More
TotalEnergies’ Return Expected to Drive Mozambique’s Q4 Inflation
Oxford Economics said last week that inflation in Mozambique, after falling to March 2022 levels,will rise to 8.8% in the last quarter of the year,... Read More
BP Subsidiary to Sell 50% Stake in Maputo Airport Fuelling to Petromoc 
Nigerian President: Fuel Subsidy Removal Saves $1.32B in 2 Months 
Tanzania’s Fuel Prices Surge Amid Cross-Border Fuel Sourcing 
Israel to power Zambia with $100m. solar-wind energy project