Downstream

NNPC seeks US$1bn fill-in funding for AKK pipeline project

oil pipeline AKKThe Nigerian National Petroleum Corporation (NNPC), through the federal government, is seeking US$1bn with an aim to continue work on the US$2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, after Chinese lenders, which had pledged to provide the majority of the funds, failed to disburse cash as timely as expected

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McKinsey identifies actions to boost profitability for oil and gas refiners

oil and gas refinersMcKinsey & Company has predicted that demand for light product including gasoline, diesel/gasoil, jet/kero etc, which largely drives refining utilisation, will plateau by the mid-2020s – even in the case of a delayed energy transition

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Sonangol launches tender for investment at Lobito refinery project

Angola sonangolAngolan state oil company Sonangol has launched the tender for investment in the refinery of Lobito during an event held in the Municipal Administration of Lobito

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Nigeria downstream sector needs to be deregulated, says Sylva

Nigeria subsidyTimipre Sylva, minister of state for petroleum resources in Nigeria, has restated the need to deregulate the downstream sector with an aim to boost the country’s economy

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Congo to construct US$600mn oil refinery

Congo refineryCongo has launched the construction of a US$600mn oil refinery near the port city of Pointe-Noire, an initiative move that aims to increase domestic refining capacity and offset chronic fuel shortages

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