Somalia has officially launched its first offshore oil drilling campaign, marking a historic milestone in the Horn of Africa’s energy sector and signaling a potential transformation for an economy long plagued by conflict and instability. The campaign, which began in early April 2026, follows the arrival of the Turkish research vessel Çağri Bey in Somali […]
Somalia is on the verge of becoming the newest oil-producing nation in Africa, with a Turkish deepwater drilling vessel expected to arrive in Somali waters this week to begin what officials in Mogadishu are calling the most significant economic milestone in the country’s modern history. The drilling vessel, named the Cagri Bey, is operated by
Somalia Sets Sail for Historic First Offshore Oil Drilling Campaign Read More »
As the Iran war disrupts Hormuz Strait shipping, Africa’s largest refinery — Dangote’s 650,000-barrel-per-day Lekki complex — is emerging as West Africa’s swing supplier, signing a landmark deal with Côte d’Ivoire.
Nigeria’s Dangote Refinery has slashed fuel prices below import costs, triggering a standoff with established fuel marketers and renewing debate over market dominance in Africa’s largest crude oil producer.
Dangote Refinery Slashes Fuel Prices, Triggering Standoff With Nigeria’s Fuel Importers Read More »
Global oil prices have surged to their highest levels since 2008 following Iran’s attacks on Saudi energy infrastructure, sending shockwaves through African economies that rely heavily on imported petroleum.
Iran War Sends Global Oil Prices to 18-Year Highs, Shaking African Import Economies Read More »
