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CATEGORY

Energy

Dangote Refinery CEO Eyes Heavier Crude, Long-Term Offtake Deals Amid Ethiopian Airlines Pact

Under the executive guidance of newly appointed CEO David Bird—the former head of Oman’s Duqm refinery (OQ8) and a 17-year Shell veteran—the Dangote Petroleum...

Dangote Refinery Cuts Diesel Prices 11% to ₦1,600/liter as Global Gasoil Slides

Nigeria's Dangote Refinery has reduced domestic diesel gantry prices by ₦200 per liter to ₦1,600/liter, an 11% cut from the previous ₦1,800/liter, following a...

West Africa Jet Fuel Gets Daily Platts Assessment as Dangote Refinery Clears UK Standards

Platts, part of S&P Global Energy, will start publishing a daily assessment for jet fuel FOB West Africa on June 1, a benchmark that...

The 18x Multiple Challenge: Can Dangote Defend a $50 Billion IPO Premium?

As the Dangote Petroleum Refinery & Petrochemicals complex advances through its pre-IPO regulatory reviews with the Securities and Exchange Commission (SEC), its targeted $50...

S&P: Dangote Refinery Driving Nigeria’s Economic Resurgence

The Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade...

Chevron Plans Q4 Drilling Start at Nigeria’s Agbami, Ikija Fields

Chevron is set to begin the first phase of a drilling campaign at Nigeria’s Agbami field and the Ikija discovery in the fourth quarter...

ExxonMobil Plots $24 Billion Nigeria Deepwater Surge to Rejuvenate Output

ExxonMobil is advancing plans for two large offshore projects in Nigeria — Bosi and Owowo — as it looks to unlock up to $24...

Dangote Refinery Private Placement Tops $2 Billion Ahead of Landmark IPO

The pre-IPO capital raise for the Dangote Petroleum Refinery & Petrochemicals complex has drawn massive global and regional demand. Dangote Group President Aliko Dangote...

Nigeria Oil Output Stays Below OPEC Quota as Revenue Risks Mount

Nigeria pumped 1.49 million barrels a day of crude in April, still below its OPEC quota of 1.50 million barrels a day for a...

Dangote Refinery Takes Government to Court Over Fuel Import Policy

Dangote Group is challenging Nigeria’s fuel import policy in court, escalating a long-running dispute over who should supply Africa’s largest oil consumer, a company...

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