IMF counsels end to subsidies, as Nigeria talks extensions
Nigeria is benefiting from higher oil prices, the International Monetary Fund (IMF) has said, but its deficit will widen this year.
Dangote Refinery
Dangote pushes 650,000 refinery start to end of year
Dangote Industries will commission its 650,000 barrels per day refinery by the end of the year, officials have told African Development Bank (AfDB) president Akinwumi Adesina.
NNPC eyes refinery overhauls, building condensate plants
Nigerian National Petroleum Corp. (NNPC) plans to approve overhaul contracts on the Warri and Kaduna refineries in July and greenlight new condensate facilities swiftly thereafter.
A tough year down for Africa
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
AFC works on downstream opportunities
Africa Finance Corp. (AFC) is turning to opportunities in the downstream in an attempt to tackle the continent’s import problem.
Waltersmith refinery ready for October start
Waltersmith Petroman’s modular refinery has been completed and will begin operations on October 14, the Nigerian Content Development and Monitoring Board (NCDMB) has said.
NNPC plays for time on Lagos tank sites
The Nigerian National Petroleum Corp. (NNPC) has rejected calls to move its tank farms, saying this should wait until refineries have been rehabilitated and the Dangote Refinery started.
Mammoet completes lift work at Dangote plant
Mammoet has begun demobilising its heavy-lift equipment at the Dangote Refinery complex, in Nigeria, although the plant is now expected to start up in late 2022.