AGP Executive Report
Last update: an hour agoNigeria’s Refining Push: Dangote extended its refinery IPO to October 27 to widen African investor participation, as it targets capacity of 1.4 million barrels a day by 2029. The expansion comes amid reports that crude shortages are forcing Nigeria to import petrol while the refinery exports to West Africa. Grid & Gas: South Africa is moving ahead with 4.6GW of battery storage procurement, while Lagos is seeking more gas supply for its electricity market. Nigeria’s CNG initiative has converted 120,000 vehicles, according to the energy minister. Oil Risks: Nine spills released nearly 130,000 litres of crude in Nigeria’s Delta, highlighting persistent environmental and operational risks. New Projects: Afentra is advancing Angola oil expansion, targeting first oil from its Impala-2 well in January 2027; in Lagos, Dolphin Telecoms has signed a solar deal to power an undersea-cable landing station. Supply Security: Escalating Houthi attacks and threats to key Gulf shipping routes raise the risk of higher fuel and freight costs for African importers.
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