Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully raised approximately US$2.5 billion through a private equity placement, in what the company says is Africa's largest publicly disclosed primary equity private placement by value. In a statement issued on Thursday, July 23, the company said the transaction was 3.7 times oversubscribed, reflecting strong investor confidence …
West African leaders have approved the Nigeria-Morocco Gas Pipeline (NMGP) project after signing an agreement at the Economic Community of West African States (ECOWAS) summit in Freetown, Sierra Leone. The approximately 6,000-kilometre pipeline will transport natural gas from Nigeria through 13 countries along Africa's Atlantic coast to Morocco, where it will connect to the Maghreb-Europe …
The Tema Oil Refinery (TOR) has received one million barrels of Ghana's indigenous Jubilee Sweet Crude, marking another milestone in efforts to revive the country's only state-owned refinery and expand local petroleum refining. The crude cargo was delivered aboard the MT Apache on July 15, 2026, with TOR describing the shipment as the fulfilment of …
US President Donald Trump has said he has ordered an investigation into major energy companies, accusing them of "gouging" customers by not cutting petrol prices after the cost of crude oil fell on global markets. Trump wrote on social media that he has ordered the Department of Justice (DOJ) to "immediately start looking into this", …
The U.S. and Iran released the text of an interim agreement their presidents have signed to end their war on Wednesday, with U.S. President Donald Trump threatening to resume attacks and kill Iranian officials if they failed to honour their ​commitments. Trump, attending the G7 with other leaders in France, also withdrew at least one …
Obiang, who is also the son of President Teodoro Obiang Nguema Mbasogo, said the prime minister had presented the resignation of all members of the government because it had barely reached 10% of its targets. He did not specify the targets but a statement by the ruling party said the president had observed that the …
U.S. and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but ​leaves the fate of Tehran's nuclear program to further negotiations. While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has …
Vivo Energy Ghana has intensified calls for stronger safety preparedness across the downstream petroleum sector, warning that operational excellence means little without the ability to respond effectively when emergencies occur. The exclusive distributor and marketer of Shell-branded fuels and lubricants delivered the message at its 2026 Safety Day celebration held at Airport Shell in Accra …
Sentuo Oil Refinery is set to receive approximately one million barrels of crude oil from Jubilee Field for processing. This is expected to strengthen local refining capacity, enhance fuel security, and potentially ease petroleum product prices for consumers. The development was disclosed by Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, who …
Tema Oil Refinery (TOR) has received approximately one million barrels of Bonga Crude Oil as part of efforts to revive its refining operations and strengthen Ghana’s energy security. The crude oil cargo arrived aboard the MT Cap Felix on May 27, 2026. TOR said the shipment was purchased from Shell and supplied through its tolling …
