Downstream

IFC funds Addax Energy to secure Mauritania’s oil imports during COVID-19 disruptions

pedro farto JU3wm8Wh7YA unsplashIFC, a member of the World Bank Group, will provide US$35mn as part of a US$200mn credit facility arranged by Societe Generale to enable Addax Energy SA to deliver critical energy imports to Mauritania, supporting jobs and economic activity in major sectors

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NNPC warns consumers in Nigeria to be wary of adulterated automated oil

refuel 2157211 640The Nigerian National Petroleum Corporation (NNPC), the national oil company, has expressed its worry over the prevalent low grade and contaminated automotive gas oil (diesel) sold at discounted prices in parts of the country

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Equatorial Guinea adopts new petroleum regulation

aleksey malinovski CrnncBJgKiQ unsplashEquatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has announced the adoption of the new Regulation of Petroleum Operations Regulation, Regulation No 2/2020 of 15 June 2020

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Private stakeholders call for total deregulation of downstream sector in Nigeria

485890036 deb15668a7 cPrivate stakeholders in Nigeria’s downstream sector of the oil industry have urged the government for complete deregulation of the downstream sector

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Sasol not divesting its fuel retail business

48727240623 e3a6b52b10 cSasol, an integrated chemicals and energy company, has announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process

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