Nigeria: plans to list NNPC and NLNG revived, with distinct obstacles
Nigeria is reviving plans to list NNPC and NLNG, two companies with different ownership structures and governance constraints.
Nigeria is reviving plans to list NNPC and NLNG, two companies with different ownership structures and governance constraints.
Luanda is inviting Windhoek to join financing for the Lobito refinery, estimated at $6.2 billion and still seeking capital.
Mailo’s second phase in Zambia adds 34.5 MWp, bringing the merchant solar plant’s total capacity to 59.5 MWp.
Tunis is targeting a 16% renewable share in its electricity mix in 2027, with several solar, wind and self-generation projects still to be realized.
AXIAN Energy secures financing of up to €55.5 million for a 50 MWp solar plant at Kong in Côte d’Ivoire.
Aliko Dangote confirms the purchase of 24.76% of Kenya Pipeline Company for $327.2 million as he prepares a refinery at Lamu.
TGS will reprocess nearly 14,700 km² of 3D seismic data offshore Côte d’Ivoire, with initial results expected in 2027.
Pretoria is reinstating temporary gasoline and diesel tax reductions from November 4 to January 5 to limit the effect of rising prices.
In early June 2026, the oil market faced one of the largest supply shocks in recent history. The Strait of Hormuz had effectively been blocked for more than three months, while more than 10 million barrels per day of Middle Eastern supply had disappeared from the market, according to estimates reported by Bloomberg at the time. Yet physical Brent had fallen back below $100, far from scenarios envisaging $200 a barrel.
Oil prices reached a five-month high on Monday, October 19, 2026, as traders priced in a further rise in Middle Eastern tensions. Brent was trading above $110 a barrel after gaining nearly 4% on Friday. The increase reflected fears of escalation around Iran and the Strait of Hormuz, but did not by itself capture the state of the physical market.
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