Mauritius and India have recently signed a Memorandum of Understanding (MoU) for Indian Oil Corporation (IOC) and Mangalore Refinery and Petrochemicals Limited to set up oil storage terminals in the island country

Shell Petroleum Development Company of Nigeria Limited (SPDC) has sold its 30 per cent interest in Oil Mining Lease 24 (OML24) in Eastern Niger Delta to Newcross Exploration and Production Limited for US$600mn

Africa-based Dangote Group has announced that it will begin operations by the end of 2017 or first half of 2018 at its oil refinery located in Lagos, Nigeria

Sub-Saharan Africa’s demand for oil will increase by 2030, leaving behind the USA and Chinese markets, according to an International Energy Agency (IEA) report