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Afreximbank Earmarks $3bn to Support Locally-refined Petroleum Products
08 Apr 2025 04:14 GMT
… 80 per cent of its crude oil, and 45 per cent of … Dangote refinery in Nigeria, and the Lobito and Cabinda refineries in Angola … comprising the Organisation of the Petroleum Exporting Countries and its allies …
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Nigeria, Africa starve local refineries, export 1.4b barrels crude
08 Apr 2025 04:24 GMT
… , including the Dangote Refinery and the Port Harcourt Refinery redevelopment. The bank … $30 billion on petrol export last year, most refineries on the continent … refine more of Africa’s crude oil locally, build regional pipelines and …
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Global oil price crash: Operators predict low earnings for Nigeria, cheaper petrol pump price
08 Apr 2025 02:07 GMT
… adjust as they can.”
Crude oil prices have continued their … benchmarks.
Crude Oil Refinery Owners Association of Nigeria said petrol prices will … naira-for-crude deal, the price of petrol will be … on the rise even if the price of crude oil …
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CITGO Refinery Volunteers Team Up with Habitat for Humanity
07 Apr 2025 23:05 GMT
CITGO’s Lemont Refinery recently had 70 employee … and general manager, CITGO Lemont Refinery. “Our volunteers have been inspired … they can call home.
CITGO Petroleum Corp. is a recognized … CITGO owns and operates three refineries located in Lake Charles, La …
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LPG price up Rs 50, CNG by Re 1; excise duty hiked on petrol, diesel
07 Apr 2025 22:13 GMT
… prices of crude oil – which is turned into petrol and diesel in refineries – have … from plummeting global oil prices.
In all, duty on petrol rate was … , as international oil prices soared. This helped bring down petrol prices from …
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Oil and gas investor Afreximbank earmarks $3 bln to support locally-refined products
07 Apr 2025 21:53 GMT
… exports around 80% of its crude oil, and 45% of the … storage infrastructure and older refineries with relatively small output … Dangote refinery in Nigeria, and the Lobito and Cabinda refineries in … $30 billion in annual petroleum import costs due to inadequate …
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US sanctions may cut Iranian crude imports by China’s independent refineries in April
07 Apr 2025 21:45 GMT
… ’s independent refineries’ imports of Iranian crude could fall from … transshipment hub for Iranian oil — has decreased as … identified as facilitating Iranian crude oil exports since 2023. Of … with shrinking refining margins, refinery sources said.
“The margins …
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Asian refiners mull more spot crude purchases over term as Brent-Dubai spread tumbles
07 Apr 2025 21:45 GMT
… Mexican crude falter due to higher tariffs, according to traders and refinery … efforts. Taiyo Oil noted that around half of its crude slate consists … least two or three independent refineries have paused purchasing Iranian cargoes …
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Oil prices plummet, gas prices expected to drop after biggest weekly gain of the year, says GasBuddy
07 Apr 2025 21:36 GMT
… , head of petroleum analysis at GasBuddy. “In addition to falling oil prices … . In early Monday trade, WTI crude oil was down another $1.52 … . Refinery utilization fell 1.0 percentage point to 86.0% as refineries …
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Afreximbank earmarks $3bn to support locally refined oil, gas products
07 Apr 2025 20:07 GMT
… exports around 80% of its crude oil, and 45% of the … storage infrastructure and older refineries with relatively small output … $3bn revolving intra-African oil importing financing initiative will … spirit, automotive gas oil, heavy fuel oil, jet fuel, and …