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NNPC eyeing IPO after Tinubu's backing, CEO says

ABUJA, July 11 - State-owned Nigerian National Petroleum Co. Ltd. will launch an initial public offering (IPO) "soon", its group CEO said on Tuesday after securing the backing of Nigerian President Bola Tinubu. NNPC runs joint venture operations with major oil companies. Last July, it said it would be ready for an IPO by mid-2023, |

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Progress reported on some projects in Africa | Hellenic Shipping News Worldwide

Angola has reported progress on its refinery projects, which include the new Lobito and Cabinda refineries as well as the upgrade of Luanda. However a number of refineries in Africa, that have been carrying maintenance, remain offline, including Dakar and Pointe Noire, with uncertain prospects for the restart of Tema. Near-term maintenance New and revised ...

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Applicability Of The New York Convention In Enforcement Of A Purely Domestic Award - Litigation, Mediation & Arbitration

The scope of New York Convention in terms of the awards falling within its ambit has been a conversational topic and has been widely discussed in the international arbitral community.

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Maintenance mostly over in Africa | Hellenic Shipping News Worldwide

Maintenance mostly over in Africa
Most of the current round of refinery maintenance in Africa has been completed.
However, South Africa’s Cape Town and Engen remain closed.
ONGOING MAINTENANCE
New and revised entries
** Ghana’s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. “The refinery has resumed processing after days of some maintenance to correct some few issues,” the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.

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REFINERY NEWS ROUNDUP: Maintenance mostly over in Africa

New and revised entries
** Ghana's sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. "The refinery has resumed processing after days of some maintenance to correct some few issues," the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.

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NNPC concludes talk with lenders, to raise $1 billion to kick-start Port Harcourt refinery overhaul in Q1

Naija247news.com is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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REFINERY NEWS ROUNDUP: Lower refinery runs in Africa | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Lower refinery runs in Africa
Refinery runs in Africa are expected to decline in January, partly on limited demand recovery and partly on extended outages in South Africa, according to S&P Global Platts Analytics.
The Engen refinery in Durban — the second largest in the country — was shut following a fire and explosion on Dec. 4, while the Cape Town refinery has been closed since July.
Engen has previously said it was “considering several options” for the refinery, although no decision has been made. The company said it remained “fully committed to operating the Engen refinery in a safe and reliable manner.”

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