Asia Shifts Oil Supply Sources Amid Looming Sanctions on Iran and Russia Asian oil giants China and India are ramping up crude imports from the Middle East and Africa in response to anticipated sanctions targeting Iranian and Russian oil, Bloomberg reports. Recent weeks have seen a tightening supply of Russian and Iranian crude due to…
Dangote Refinery Reshapes Nigeria’s Crude Oil Trade Landscape in 2024 The Dangote Petroleum Refinery has transformed Nigeria’s crude oil trade dynamics by retaining 13% of the country’s crude oil exports for domestic supply in 2024, as reported by Reuters. This shift has increased the domestic share of Nigeria’s oil exports, slightly reducing exports to Europe…
CMAG Partners with APO Group to Boost Africa’s Role in the Global Critical Minerals Industry The Critical Minerals Africa Group (CMAG) has announced a strategic collaboration with the APO Group, a leading pan-African communications consultancy, to elevate Africa’s critical minerals sector on the global stage. The partnership seeks to amplify Africa’s role in the global…
Rolls-Royce Powers Africa’s First Rice Straw MDF Plant with Sustainable Energy Rolls-Royce has successfully commissioned ten advanced mtu gas gensets in northern Egypt’s Beheira province, delivering sustainable electricity to the Egyptian Wood Technology Company (WOTECH) facility. The plant, Africa’s first to produce medium-density fibreboard (MDF) from rice straw, operates entirely off-grid, powered by the mtu…
Ikeja Electric Decries Incessant Vandalism, Calls for Public Support to Protect Infrastructure Ikeja Electric Plc (IE), one of Nigeria’s leading electricity distribution companies, has reiterated its commitment to delivering efficient and reliable power supply in 2025. This comes amidst growing concerns over the increasing rate of vandalism of its installations across Lagos State in 2024,…
President Tinubu Celebrates NNPCL GCEO Mele Kyari on 60th Birthday, Hails His Transformative Leadership President Bola Ahmed Tinubu has extended heartfelt congratulations to Mallam Mele Kolo Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), on the occasion of his 60th birthday, celebrated on January 8, 2025. In a statement…
Viathan Group Names Lekan Adekeye as Group CEO, Pioneering a New Era in Nigeria’s Energy Landscape In a strategic move set to bolster its position as a leading energy solutions provider in Nigeria, Viathan Group has announced the appointment of Lekan Adekeye as its new Group CEO. This leadership transition marks a pivotal moment for…
Nigeria’s Energy Sector Poised for Major Transformations in Q1 2025 The Society of Energy Editors (SEE) has forecasted significant developments in Nigeria’s energy sector during the first quarter of 2025, spurred by President Bola Tinubu’s proposed ₦49.7 trillion national budget for the year. The budget’s ambitious targets, including boosting crude oil production and curbing inflation,…
PETROAN Advocates for Privatization of Refineries and ₦100 Billion Grant to Sustain Oil Marketers Amid Subsidy Challenges The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government to take decisive steps in addressing the challenges facing Nigeria’s oil and gas downstream sector. Chief among its recommendations are the privatization of…
Vandalism Plunges Abakaliki Metropolis Into Darkness The Abakaliki metropolis has been thrown into darkness following the vandalism of the Udemezue 11KV feeder, causing a significant power outage. The Enugu Electricity Distribution Company (EEDC) revealed the development in a statement issued on Sunday by its Head of Corporate Communications, Emeka Ezeh. The incident occurred in the…