Serge Mélaine N'Dri’s Post

Chinese investor starts operations at new refinery in Ghana

A new history has been made in Africa. The world's largest single-train Dangote refinery with a huge capacity to refined 650,000bpd has begun production of diesel and aviation fuel, to include other products as time goes on. It's a highly commendable and extraordinary achievement. Due to the absence of the landing cost of crude oil, as the supply will be coming from the domestic market, it is expected that it will help reduce the high prices of petroleum products in Nigeria and even the surrounding countries. Our hopes are high on the take-off of the #dangote refinery since we also believe would help reduce the cost of living in Nigeria and surrounding countries. #energy #petroleum #refineryoperations #dangote #nigeria #africa #energypolicy #innovation #energymanagement

Kenya Pipeline Company Limited (KPC) takes the helm at Kipevu Oil Terminal 2 (KOT2), signalling a strategic move to enhance the petroleum product supply in Kenya and the East African Community. Under a Service Level Agreement with Kenya Ports Authority (KPA), KPC aims to optimize operations, reduce demurrage charges, and ensure a steady regional supply. With a storage capacity of 100 million litres, KPC plans to leverage KOT2 to maintain stable pricing and supply chains for refined oil products. The acquisition of Kenya Petroleum Refinery Ltd (KPRL) further bolsters storage capabilities, positioning Kenya as a key player in the petroleum market. Investment in infrastructure, including the $170 million fuel jetty in Kisumu, underscores Kenya's commitment to becoming a leading petroleum products hub. Collaboration with stakeholders aims to streamline processes, enhance efficiency, and attract investment for further expansion. Kenya's strategic initiatives, including the conversion of crude oil lines and construction of LPG storage facilities, aim to drive growth, attract investment, and position the country as a competitive player in the regional energy landscape. Exciting times ahead for Kenya's energy sector! #EnergySecurity #RegionalIntegration #EconomicGrowth #InfrastructureDevelopment #RegionalTrade #KenyanEconomy #EnergyInfrastructure #OilandGas #EastAfrica #Hakunamatatamedia

Senegal recently became one of West Africa's oil & gas producers with Woodside Energy's first oil extraction at the offshore Sangomar project located off the coast. With 1 billion barrels of proven oil reserves, Senegal ranks above Ghana but significantly below Nigeria in terms of oil production potential. The Senegalese government expects to generate above $1 billion annually over the next three decades, boosting economic and sector growth prospects. Senegal’s fiscal terms are still generally more favourable to foreign companies than those of other West African countries like Nigeria, so the Sangomar project is a significant milestone for West Africa’s oil investment landscape, given the slowdown in foreign investor interest in Nigeria, the region’s oil-producing giant. https://lnkd.in/dcdMuayH

🚨 Breaking News in Africa's Energy Sector🚨 Aliko Dangote has officially announced the commencement of #petrol production at the #Dangote Refinery– a monumental achievement in Africa's industrial landscape! In a historic move, Dangote expressed his heartfelt thanks to President Tinubu for enabling the sale of crude oil in Naira, boosting Nigeria’s economic independence and empowering local businesses. 🇳🇬💪 The first sample of petrol produced at the refinery was proudly presented to the press, marking the start of a new era in Africa’s energy sovereignty. 🌍 The future of Nigeria’s and Africa's energy sector is bright, with massive implications for economic growth and job creation! 🚀 #Energy #Africa #Nigeria #DangoteRefinery #Petroleum #EconomicGrowth #SustainableDevelopment #BusinessLeadership

Congratulations to the Endeavour Mining team who announced wet commissioning has commenced at its Lafigué project in Côte d’Ivoire. Lafigué is set to become another cornerstone asset in Endeavour’s portfolio with over 200,000 ounces of annual gold production at an all-in sustaining cost below $900 per ounce oz over its initial 13-year mine life. The project is another great example of Endeavour’s strong track record of organic value creation. Key highlights include: ✅ Wet commissioning underway ✅ Construction is 94% complete and on budget ✅ First gold pour expected in June; one quarter earlier than initially expected ✅ Target production of 90,000 to 110,000 ounces of gold in 2024

Did you know? 96% of oil spill in Nigeria is attributed to international oil companies which include Shell, Eroton Exploration and Production Company Limited, @Agip, ND Western Limited, Aiteo Group and @Heritage. Why do they operate to different standards in Nigeria? How can we hold them accountable? Read our #2020EPIReport here➡️ https://lnkd.in/d2veMYPw to learn more about these issues. #environment #oilspills #Nigerdelta #oilspill #gasflare #sustainability #justtransition #nigeria

Senator Heineken Lokpobiri's recent inspection of the FPSO facility in Lagos highlights the importance of supporting local capabilities to boost Nigeria's crude oil production. This joint venture between NNPC Limited, Century Nigeria Limited, WAEP, and ENSERV is expected to add 40,000 barrels per day to the national crude production, aligning with President Bola Ahmed Tinubu's goal to increase oil production beyond the current quota. The project demonstrates the effectiveness of partnerships in enhancing local expertise and national output. Century Group's Chairman, Ken Edward Etete, confirmed that upgrades are on track for completion by Q1 next year, showcasing the commitment and collaboration needed to strengthen Nigeria's energy sector. This development is consistent with forecasts that Nigeria's oil production will rise. More Jobs for The Locals #CentureEnergyltd #Nnpc #Waep #ENSERV

Shell has agreed to sell its onshore business in Nigeria's Niger Delta for $2.4 billion, aiming to reduce exposure amid environmental concerns and streamline operations. The move follows years of complaints about oil spills impacting the region. Shell plans to focus future investments in Nigeria on deepwater and integrated gas projects. Oil spills devastated extensive mangrove forests, wiping out fish and shellfish in rivers, and leaving Bille's fishing community without sustenance or income. Shell's decision to sell its onshore subsidiary comes after prolonged challenges, including oil spills from theft, sabotage, and operational issues. These incidents have led to costly repairs and legal battles, prompting the company to move forward with the anticipated sale. Shell received a poor rating for carbon management and reporting due to fossil fuel investments, misleading advertisements implying eco-friendliness, and accountability for multiple oil spills. Prioritizing customer satisfaction is crucial for building trust, loyalty, and a positive reputation, ultimately contributing to the success and sustainability of a business. You can't fool customers for a long time. Your marketing strategy should prioritize your customers otherwise you need to leave the market. In order to sustain you need to grow surrounding. It may be infrastructure, people's mindset or culture. You can't grow alone. #customerexperience #changeforthebetter #environmentalsustainability #shell #growth #market

Africa is in the midst of meeting both energy demand and environmental sustainability targets leveraging local energy resources. Expanding the downstream industry will be crucial to meeting these goals. Notable projects include the Dangote Refinery – Africa’s biggest oil refinery – which began production in January. Angola is leading the construction of several new refineries to reduce dependence energy imports, with the Cabinda, Lobito and Soyo developments. South Sudan is also prioritizing the expansion of the Bentiu refinery. Read more ⤵️ https://hubs.la/Q02mb0Fd0 Lucrative investment opportunities within Africa's downstream sector will be highlighted by Executive Secretary of the African Refiners & Distributors Association, Anibor Kragha, during the Invest in African Energy (IAE) forum, taking place in Paris on 14-15 May. Secure your spot ⤵️ https://hubs.la/Q02m9ZsG0 #IAE2024 #RoadtoAEW #investinAfrica #oilandgas