Nigeria’s Dangote Refinery Launches Africa’s Largest-Ever IPO to Fund Expansion

Dangote Petroleum Refinery and Petrochemicals announced it has launched an initial public offering (IPO) for listing on the Nigerian Exchange (NGX). Proceeds are reported to be used to double the refinery’s current capacity of 700,000 barrels per day to 1.4 million barrels per day by 2029. The offering is described as Africa’s largest-ever IPO, according […]

Mozambique LNG Project Resumes Pipeline Construction After Five-Year Halt, Targets 2029 First Production

The LNG (Liquefied Natural Gas) project in Mozambique’s Cabo Delgado province has resumed pipeline construction after a halt of more than five years, it is reported. The TotalEnergies-led project, which had been suspended since declaring force majeure in April 2021, has reportedly restarted construction with a target of first LNG production in the second quarter […]