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Japan should continue to rely on the Middle East for the bulk of its crude as thatโs cost-effective, processor Taiyo Oil Co. said, pushing back against a government drive to diversify triggered by the US-Iran war.
Dangote is expanding its energy business across Africa, putting local capital and cross-border infrastructure at the centre of the continentโs refining future. South Sudanโs small businesses turn to solar as unreliable electricity grid leaves entrepreneurs facing blackouts, rising costs and lost in
Dangote Petroleum Refinery and Petrochemicals FZE will list shares on the New York Stock Exchange after doubling the capacity of one of the worldโs largest crude refining facilities, its billionaire founder said.
Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange.ย He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in November. Meanwhile, global oil prices continued to advance as attacks by Yemen's Houthi rebels forced Saudi Arabia to shut down its East-West oil pipeline.ย
Numaligarh Refinery Limited, a subsidiary of Oil India Limited, plans to commission its 9 MMTPA expansion project by March 2027