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Dangote Refinery Resumes Bulk Petrol Sales at ₦877 per Litre, Intensifying Market Price War
The Dangote Refinery has resumed bulk petrol sales at ₦877 per litre, up from its previous price of ₦820, sparking a renewed price war across Nigeria’s downstream oil sector.
According to Vanguard News, this sudden price adjustment has placed depot owners under heavy pressure, as competition tightens and profit margins shrink. Industry observers say the move could reshape the market, forcing smaller players to reconsider their pricing strategies.
Analysts note that while Dangote’s decision aims to stabilize supply, it also highlights the volatility of Nigeria’s fuel market amid ongoing economic reforms and currency fluctuations.
Source: Vanguard News
Sierra Leone Puts Spotlight on Oil and Gas Potential at African Energy Week
Exciting news alert! Sierra Leone’s Petroleum Directorate (PDSL) just teamed up with the African Energy Week (AEW) conference happening in Cape Town this November! 🎉
This partnership is huge for Sierra Leone’s energy game, showing off their dedication to making friends worldwide and shining a spotlight on their oil and gas potential. After wrapping up their fifth licensing round, big names are lining up to get in on the action.
At AEW, the PDSL is gearing up to spill the beans on their exploration efforts and shout out about investment opportunities. With three companies already in the running for exploration and production licenses, it’s clear that Sierra Leone’s upstream sector is back in business!
NJ Ayuk, the big cheese at the African Energy Chamber, gave Sierra Leone a big thumbs up for rolling out the red carpet for investors. He’s pumped about the upcoming licensing rounds, seeing them as golden opportunities for exploration and uncovering hidden treasures in Sierra Leone’s energy sector.
So, mark your calendars and get ready to witness Sierra Leone strutting its stuff at AEW, ready to charm international pals and score some sweet deals in the oil and gas world! 🌍💼 #EnergyGameChanger #SierraLeoneShines #AEW2024
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