Exports
Nigeria's Dangote Refinery has made a significant milestone in the country's energy sector, with the upcoming export of its first-ever gasoline cargo to Asia. The 90,000 metric tons of gasoline, being loaded by Swiss-based energy trader Mercuria on June 22, marks a turning point in
Exports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reviewed the guidelines for the advanced cargo declaration regime, aiming to enhance transparency, accountability, and efficiency in Nigeria's crude oil and petroleum exports. Under the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation, 2024, exporters are now mandated to obtain an
Exports
Kazakhstan and Azerbaijan are deepening their cooperation in the oil and gas sector, a crucial area for both countries, which will have a significant impact on regional energy security and global competitiveness. The bilateral partnership is driven by a shared desire to reduce dependence on a few transit routes and
Exports
Nigeria's crude oil export earnings declined to N12.96 trillion in the first quarter (Q1) of 2025, a 16.34 percent drop from the same period in 2024, amidst reports of limited access to feedstock for local refineries. Despite this decline, crude oil remained the country's
Exports
Niger's economy made a notable recovery in 2024, driven by large-scale oil exports and a favorable agricultural season. Despite high inflation and rising food prices, sustained growth contributed to a significant reduction in extreme poverty. The World Bank's economic update for Niger highlights the country'
Exports
Lekoil Nigeria Limited, a leading indigenous oil and gas exploration and production company, has announced a significant operational success with the completion of its first crude oil export from the Otakikpo Onshore Terminal. The milestone, achieved in collaboration with Green Energy International Limited (GEIL) through the Otakikpo Joint Venture (JV)
Exports
The first crude oil export from Nigeria's newly commissioned Otakikpo onshore terminal marks a significant milestone in the country's energy sector, as it becomes the first indigenous onshore crude export facility in over five decades. The terminal, built by Green Energy International Limited (GEIL) operator of
Exports
The completion of the Otakikpo onshore terminal by Green Energy International Limited (GEIL) marks a significant milestone in Nigeria's oil and gas sector. The private terminal, situated in Rivers State, has successfully exported its first crude oil shipment, a vessel chartered by Shell, on Sunday, June 8. This
Exports
Kenya is poised to become a crude oil exporter by the end of 2026, with the first commercial export expected from the South Lokichar oil fields in Turkana County. Energy Cabinet Secretary Opiyo Wandayi announced that preparations are underway for Kenya to begin commercial oil production, following earlier delays attributed
Exports
APM Terminals Apapa, the largest concessionaire of Nigeria's Apapa port in Lagos, has achieved a significant milestone with its highest monthly export volume in two decades. In April, the terminal processed 8,687 Twenty-foot Equivalent Unit (TEUs) of export cargo, a 30% increase from the same period in
Petroleum
The Shell Nigeria Exploration and Production Company (SNEPCo) has been hailed as a major player in Nigeria's oil and gas sector, receiving the Major Oil Company of the Year award for 2023 from Energy Times. The award recognizes SNEPCo's contributions to deep-water oil and gas development,
Petroleum industry
ConocoPhillips and NuStar Energy have seized the opportunity presented by the removal of the U.S. crude export ban, with plans to load the first export cargo of U.S. light crude since the 1970s on Thursday. The crude, sourced from the Eagle Ford Shale Play, is being loaded at
