Africa

Fluor awarded contract for Vopak fuel storage terminal

IRVING, Texas and WOODMEAD, South Africa — Fluor Corporation announced that it was awarded an engineering, procurement and construction management contract by Vopak Terminal Durban (Pty) Ltd. to deliver the Vopak Growth 4 Project in Durban, South Africa.

Nigerian motorists queuing for fuel told there are no shortages

ABUJA (Reuters) — Nigeria’s state oil company assured motorists on Tuesday there was no shortage of petrol and urged them not to engage in panic buying after long queues built up at filling stations.

South Africa to hike petrol, diesel prices in December

JOHANNESBURG (Reuters) — The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday due to a weaker rand currency and higher crude oil prices, the energy department said on Monday.

South Africa eyes BRICS partners to build new $10 B refinery

CAPE TOWN (Reuters) — South Africa wants the national oil companies of its BRICS partners to help build a new 400,000-bpd refinery that will be structured by senior debt and equity, energy minister David Mahlobo said on Tuesday.

Middle East, US crude oil curbs Indian appetite for African supplies

NEW DELHI (Reuters) — India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.

Dangote selects AspenTech software for its refinery

BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that the Dangote Group, the largest conglomerate in West Africa and one of the largest on the African continent, has selected Aspen PIMS-AO software for economic and operational planning.

Nigeria supports OPEC cut extension under ‘the right terms’

ABUJA (Reuters) — Nigeria supports an extension of a deal between OPEC, Russia and other non-members to cut oil supply until the end of 2018 "as long as the right terms are on the table" regarding its own participation, its oil minister said.

Egypt gasoline consumption fell 4.2% in July–Sept

CAIRO (Reuters) — Gasoline consumption in Egypt fell by 4.2% and diesel consumption by 7.1% in the first quarter of the 2017–2018 fiscal year, which began in July, the oil minister said.

South Africa's petrol, diesel prices to increase in November

JOHANNESBURG (Reuters) — The retail price of petrol and the wholesale price of diesel in South Africa will increase from Wednesday due to a weakening of the rand against the dollar, the energy department said on Sunday.

Nigeria's gasoline price cap hurting industry, costing economy

LAGOS (Reuters) — Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates at the OTL Expo in Lagos said on Wednesday.