The Government of Ghana has signed two Memoranda of Understanding (MoUs) with Eni Ghana, Vitol Upstream Tano Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin. Energy Minister John Jinapor announced the signing, describing it as a significant step towards revitalising …
Aliko Dangote has described the planned initial public offering (IPO) of Dangote Petroleum Refinery as a historic milestone that will open ownership of Africa’s largest refinery to the public. Speaking at the IPO signing ceremony on Monday, September 7, 2026, Dangote said the refinery’s development took more than a decade and involved significant challenges, including …
At least 37 people have died after inhaling toxic fumes while allegedly stealing petrol from a pipeline in Nigeria's Rivers State, an environmental group in the oil-rich region says. Many are still missing after more than 100 people descended on Okari Jetty in Okrika in small boats to collect the refined fuel under cover of …
PETROSOL Platinum Energy PLC has held its annual dealers’ engagement in Kumasi, bringing together Management and dealers whom the Company proudly regards as key business partners to review performance, operational activities and the future direction of the business. The engagement provided an important platform for open dialogue, allowing dealers to share feedback on what is …
PETROSOL Platinum Energy PLC is set to list GH¢200 million worth of notes on the Ghana Stock Exchange (GSE) Ghana Fixed Income Market on Monday, August 24, 2026, as the energy company seeks long-term capital to support its expansion. The listing will comprise Series 1 and Series 2 notes under PETROSOL’s GH¢200 million Note Listing …
PETROSOL Platinum Energy PLC has reaffirmed its commitment to sustainable growth, stronger corporate governance and strategic partnerships as the energy company positions itself for its next phase of corporate development. The company made the commitment during a courtesy call by Multimedia Group Limited’s Chief Operating Officer, Mr. Ken Ansah. The engagement focused on PETROSOL’s transition …
PETROSOL Platinum Energy PLC has outlined plans to raise long-term capital through the Ghana Stock Exchange as it seeks to expand its operations in Ghana’s oil marketing and renewable energy sectors. The company disclosed the plans during an engagement with the Ghana Investment Promotion Authority (GIPA), led by its Chief Executive Officer, Simon Madjie, to …
Fuel remains Ghana’s largest import item despite the country being an oil-producing nation, highlighting what the Ghana Statistical Service (GSS) describes as a major opportunity for domestic value addition and import substitution. According to the GSS report, Ghana’s Merchandise Trade, 2004–2025: Two Decades in Review, fuel accounted for 26% of all imports in 2025, making …
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 …
