The aim is to achieve 60% utilisation by the fourth quarter of 2024. KRPC has 110,000 barrels per day of capacity.
Eskom, on December 23, reported its gross debt had reached 396.8 billion rand ($23.4bn) for the year to March 2022.
“The driver kept shouting at people to leave the scene and even tried to physically move the gathering crowds out of the way,” ISS said.
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.
Oil bunkering in Nigeria is a more attractive industry than piracy, for now, but this may change in late 2023.
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
Equatorial Guinea and Congo Kinshasa have signed an agreement to work together, including in the construction of a joint-owned refinery and a controversial licence round.
Egypt has struck a number of agreements with energy companies around sustainability and reducing emissions, including at the Idku liquefaction plant.
Daewoo E&C has signed up to work on a “quick fix project” at the Kaduna refinery, during a high-level Nigerian visit to South Korea.
South Africa’s Hawks have arrested an alleged kingpin of a fuel theft syndicate in Pretoria.
Sasol’s Care-o-sene – the Catalyst Research for Sustainable Kerosene – has secured 40 million euros ($38.8mn) in funding, allowing work to begin.
South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies, according to its interim chairman.
Zambia and Namibia have signed a memorandum of understanding (MoU) on a new gas and products pipeline project.
Nigerian National Petroleum Corp. (NNPC) has bought OVH Energy Marketing, owner and operator of Oando-branded retail stations.
Cameroon has renegotiated its refinery debt with trader Vitol, bringing it into line with an agreement reached last year with domestic banks.
Zambia is in talks with Saudi Arabia to secure fuel supplies, while also seeking support from the International Monetary Fund (IMF).
A Nigerian law enforcement agency has launched an investigation into its own officers following reports that they were extorting independent fuel suppliers.
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Two Chinese companies have signed a framework agreement to build a modular refinery in Equatorial Guinea.
Sasol Ltd., South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies, leaving just a fraction of the country’s fuel-production capacity still operational.
Angola has inaugurated a new unit at the Luanda refinery, with Zambian officials expressing their interest in securing fuel supplies from their neighbour.
Nigeria has long had issues with safety, not least in keeping workers safe from militants. The government has shown little sign of tackling the problem among legal operations, let alone the safety challenges of widespread illicit bunkering and refining.
South Africa’s government is facing increased opposition on the topic of fuel prices, driven by global demand but also by Eskom’s increased needs.
The Hydrocarbon Pollution Remediation Project (HYPREP) is working on a plan to connect Ogoniland to the Nigerian power grid, in an extension of its original focus on remediating polluted lands.
National Oil Corp. (NOC) has declared force majeure at Es Sider and Ras Lanuf, joining the Brega and Zueitina terminals.