The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new and existing refineries across the country, local ...

Astron Energy, a unit of global commodity trader Glencore , will invest up to six billion rand ($328 million) to install new ...

Eastern China-based independent refiner Hongrun Petrochemical has agreed to acquire a bankrupt oil refinery operated by state ...

Crude oil prices were set for another weekly gain today, driven higher by fresh U.S. sanctions on Iran’s energy industry and OPEC+ efforts to rein in production. At the time of writing, Brent ...

ArcelorMittal Nippon Steel India (AM/NS) said on March 28 that the joint venture company has started the land acquisition ...

This means the refiners may spend about $1.43bn monthly on the importation of crude oil into Nigeria. The plants may spend this much amid the uncertainty surrounding the sustainability of the ...