Tag Archives: oil

  The proposed refinery in Lamu is the company’s first effort to export the industrial model behind its Lagos refinery, potentially providing a blueprint for replicating large-scale African industrial projects across multiple countries.   SPECIAL REPORT | BIRD AGENCY | Dangote Industries is attempting to replicate the industrial model behind its …

  COMMENT | NOURIEL ROUBINI | The Persian Gulf is in an unstable disequilibrium. There has been no lasting deal to reopen the Strait of Hormuz, because the United States and Iran remain far apart in their demands, with the Iranians holding more leverage than President Donald Trump ahead of the US …

  SPECIAL REPORT | BIRD AGENCY | Nigeria’s discovery of a major new critical minerals province reflects a broader shift as Africa’s leading oil producers invest in mining to diversify their resource economies. The strategy aims to reduce dependence on a single commodity by expanding exploration, attracting mining investment and building …

  Settlement with BB Energy restores crude-backed financing access while underscoring the need for careful management of future petroleum revenues   Juba, South Sudan | AGENCIES |  South Sudan has regained limited access to advance financing against its future crude oil exports after reaching an agreement with commodities trader BB …

Kampala, Uganda | URN | Four Ugandans have filed a landmark lawsuit in the UK High Court seeking to stop the East African Crude Oil Pipeline (EACOP) from becoming operational. Their lawyers described the move as the first attempt to have a British court apply Ugandan constitutional, climate and environmental …

Buliisa, Uganda | URN | For as long as Moses K. Asaba can remember, his family has lived on the ancestral land they call home. A resident of Bugana Village in Uganda’s Buliisa District, he speaks with a deep sense of uncertainty and frustration, no longer certain that he and his …

  The project, however, remains the subject of criticism from environmental organisations, which have raised concerns about its ecological and climate impacts   Kampala, Uganda | JULIUS BUSINGE | The East African Crude Oil Pipeline (EACOP), one of Africa’s biggest energy infrastructure projects, has passed the 90% completion mark, bringing Uganda …

Buliisa, Uganda | URN | As Uganda races toward first oil production, promises of economic transformation are colliding with unresolved grievances from the country’s oil frontier. In Buliisa, hundreds of Balaalo pastoralists forcibly evicted in 2010 remain uncompensated, excluded from the prosperity built on the land they once bought. Enos Mubangizi …

  Why there is unlikely to be an agreement between America and Iran soon over that country’s nuclear program   THE LAST WORD | ANDREW M. MWENDA | Now that we have the actual Memorandum of Understanding (MOU) between the USA and Iran over which both Washington and Tehran agree is …

  BB Energy initiated legal proceedings in London’s courts last year, alleging that South Sudan failed to deliver oil cargoes purchased under the prepayment arrangements   London, UK | AGENCIES | London’s High Court has upheld an injunction preventing South Sudan from entering into new oil prepayment agreements until it …