Petrol Prices Set to Drop in April
South African motorists may soon enjoy lower fuel prices as international oil prices decline and the local currency strengthens. Economic analysts predict that petrol prices could drop by approximately 85 cents per liter in April. Johann Els, Chief Economist at Old Mutual Group, estimated that current data suggests a petrol price decrease of around 85 […]
Uganda’s $5 Billion EACOP Pipeline Gains Financial Backing
EACOP Ltd has confirmed securing its first allocation of external financing from a group of financial institutions, including Standard Bank, Stanbic Bank Uganda, KCB Bank Uganda, and the Islamic Corporation for the Development of the Private Sector. Uganda’s Energy Minister Ruth Nankabirwa previously sought additional funding from Chinese financiers after Western banks, such as BNP […]
PETROAN Clarifies Dangote Refinery Fuel Transactions
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has stated that Dangote Refinery has not commenced selling petroleum products in U.S. dollars, contrary to speculation. Billy Gillis-Harry, PETROAN President, speaking on Arise Television, noted that members are still purchasing fuel in Naira, Nigeria’s local currency. While Dangote Refinery had announced a temporary suspension […]
AfDB Allocates $331 Million Investment in Lesotho
The African Development Bank (AfDB) has committed $331 million in investments to Lesotho, aimed at bolstering key sectors such as infrastructure and energy. This funding will support the development of energy transmission lines linking the Kingdom with South Africa, alongside initiatives in digital transformation, trade competitiveness, agricultural development, and water resource management. King Letsie III […]
Trans-Saharan Gas Pipeline Feasibility Study Underway
The 4,000-kilometer-long Trans-Saharan Gas Pipeline (TSGP) is set to undergo an updated feasibility study by international energy consultancy firm, Penspen. The study aims to assess the regional gas market from economic and financial perspectives to provide cost estimates. Additionally, it will include environmental and social evaluations, legislative and consultation reviews, risk analysis, and the development […]
South African Fuel Pricing: Navigating Global Economic Uncertainties
The current fuel pricing landscape in South Africa represents a microcosm of global economic complexities, where international geopolitical events, oil market fluctuations, and domestic economic considerations intersect in profound ways. The anticipated fuel price adjustments for April—with predictions of a petrol price decrease between 72 and 85 cents and diesel dropping around 93 cents—emerge from […]
Trans Niger Pipeline: Resilience Amidst Infrastructure Challenges
The recent blast and subsequent restoration of the Trans Niger Pipeline encapsulates the complex and often precarious nature of Nigeria’s oil infrastructure. This critical artery of Nigeria’s petroleum sector, spanning approximately 180 kilometers through the Niger Delta, represents more than just a transportation route—it is a lifeline of the nation’s economic ecosystem. The explosion on […]
Mozambique’s LNG Landscape: A Complex Geopolitical and Economic Narrative
The potential liquefied natural gas (LNG) developments in Mozambique represent a fascinating intersection of geopolitical strategy, economic potential, and regional development. Fitch Ratings’ recent assessment highlighting the interconnection between TotalEnergies’ project restart and ExxonMobil’s potential investment offers a nuanced view of the region’s energy landscape. TotalEnergies’ project, located in the Afungi region near Palma, has […]
Dangote Refinery: Transforming Nigeria’s Energy Export Landscape
The Dangote Petroleum Refinery is rapidly emerging as a game-changing force in global energy markets, demonstrating Nigeria’s potential to transition from a mere crude oil exporter to a sophisticated refined petroleum products supplier. The refinery’s recent export achievements to the United States and Saudi Arabia represent more than just commercial transactions; they symbolize a profound […]
Oil Marketers’ Protest Against Dangote Refinery’s Dollar Sales
The Nigerian oil market is experiencing significant tension following the Dangote Petroleum Refinery’s controversial decision to sell refined petroleum products in US dollars. This move has sparked intense debate and resistance from local petroleum marketers, particularly the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN). PETROAN’s leadership, led by President Billy Gillis-Harry, has vehemently […]