Africa
Angola's state oil firm Sonangol seeks $4.8-B loan from China for refinery
The financing, if completed, will mark the first borrowing by the Southern African oil producer from China since 2017, when it opted to reduce its exposure to resource-backed loans.
Dangote signs $400-MM equipment deal with China's XCMG to speed up refinery expansion
The additional equipment is expected to support major projects under construction across refining, petrochemicals, agriculture and infrastructure.
Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests
The tests are intended to confirm operational efficiency and verify that key parameters meet global standards.
Nigeria’s Dangote Refinery to begin full‑capacity tests in February
Africa's largest oil refinery began operations in 2024 and has been running at about 450,000 bpd–485,000 bpd during its startup phase amid difficulties securing sufficient local crude as it ramps up to full capacity.
With refining spin off, Galp focuses on growing upstream in Brazil, Namibia
The company said earlier this month it was in talks with private equity-backed Moeve to combine their businesses in two new entities - one focusing on retail and another on refining.
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