Towards monitoring sharp practices by oil marketers throughout the country, the Nigerian National Petroleum Corporation (NNPC), has begun a daily publication of the supply chart of petroleum products in the country. According to Justin Ezeala, the Executive Director, Commercial, Pipelines and Product Marketing Company (PPMC) the regular dispatch report is to feature all product distributions as...

As a way of curbing the ongoing fuel scarcity in Nigeria, the Nigerian National Petroleum Corporation (NNPC) has announced the commencement of a 24 hour fuel supply in its depots nationwide. The Executive Director, Commercial of the Pipelines and Product Marketing Company (PPMC), Justin Ezeala stated that the company has obtained extended hours of operations for security purpose. “We are going...

In Uganda, the pump prices of petrol have increased as the Shilling rate rises against the dollar by 200 contradicting previous forecast. Last week the price of a litre of petrol in Kampala was at Shs 3,800 but has now risen to Shs 3,900 per litre while it costs Shs 4,000, in other parts of the country. Experts blame the increased prices on the foreign exchange and the costs of borrowing that...

The Nigerian National Petroleum Corporation (NNPC) has deployed 306 truckloads of Premium Motor Spirit, also known as fuel, which is about 10 million litres, to some Northern states in the country. The corporation in a statement by Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, declared that the deployment was to put a stop to the queues seen at some petrol stations in...

Engen Petroleum, a South African oil and gas company plans to add two new service stations to its retail network in the Democratic republic of Congo as well as construct an Engen Truck Stop long haul site. The GM of Engen’s International Business Division, Drikus Kotze, stated that the company has just received approval for construction of service stations on the Tourisme in Kinshasa, which it...

Toward the aim of expanding its footprint in sub-Saharan Africa Engen an Africa-based energy company focusing on the downstream refined petroleum products market and related businesses has said it is increasing its presence in Mozambique through an antagonistic retail expansion. Petroleum Africa reports The company is set on opening three service stations, one in Maputo and two in Inhambane....

UAE-based trader Gulf Petrochem says it is focusing on East Africa to increase its storage capacity and enhance growth The company executive director S Thangapandian told Oilreviwafrica it plans to ramp up storage capacity in Dar es Salaam and Mombasa. An agreement to lease storage of about 100,000 cu/m to store mainly gasoil and gasoline in the region is expected to be finalised by December....

Libya Oil Ethiopia Limited, a subsidiary of the Libya Oil Holdings Ltd, plans to expand its investment and business in Ethiopia. The decision was made during a week-long meeting of the corporate management of the Dubai-based Libya Oil Holdings two weeks ago which was attended by eighteen country managers from different African countries. The management made an assessment on Ethiopia's economic...