Keywords: Refinery
Nigeria's Dangote Group is preparing to finance its proposed oil refinery in Kenya through a combination of internal cash resources, bond issuance and a future initial public offering (IPO), according to a senior company executive. The planned facility, designed to process 700,000 barrels of crude......
Gasoline refined by India's Nayara Energy has been supplied to Russia through international trading firms, according to sources familiar with the transactions, highlighting a new development in energy trade as Moscow works to address fuel supply disruptions linked to damage to its energy infrastructure. The......
China’s refining giant Hengli Petrochemical has significantly reduced its refining activity after cancelling large volumes of crude oil purchases from West Africa and the Middle East, according to sources familiar with the matter. The decision reportedly affects at least 6 million barrels of crude,......
Authorities in Russian-controlled Crimea have suspended children’s summer camps and restricted tourist activities until September 1, as ongoing fuel shortages continue to disrupt daily life across the peninsula, according to local officials. The decision comes amid mounting pressure on fuel supplies,......
Ukrainian President Volodymyr Zelensky has described a recent Ukrainian strike on an oil refinery in Moscow as a justified response to ongoing Russian attacks, highlighting the intensifying cycle of military action between the two countries. The remarks were made following reports of a nighttime drone......
The Bulgarian parliament has approved new legislation that limits the authority of a special manager appointed to supervise the operations of Lukoil in the country, according to local media reports. The decision concerns the Russian energy company Lukoil, which is one of the largest fuel retailers in......
Indian energy company Nayara Energy has announced the successful completion of a scheduled maintenance and modernization program at its Vadinar refinery in the western state of Gujarat, marking an important step in strengthening the country’s refining capabilities. The Vadinar facility, one of......
Ukraine carried out its highest monthly total of strikes against Russian oil infrastructure in May since the full-scale invasion began in February 2022, hitting eight of the country's ten largest refineries and accelerating a domestic fuel crisis that has forced gasoline rationing in occupied Crimea. Ukrainian......
A growing legal dispute between NNPC Limited and Dangote Petroleum Refinery is drawing national attention as both sides debate the future of fuel imports and competition in Nigeria’s energy sector. The conflict centers on a lawsuit filed by Dangote Refinery against import licences granted to fuel......
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