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Nigeria
Exclusive: Buhari's shortlist of swap magnates

Muhammadu Buhari, has unexpectedly brought back in the processing of swapping NNPC crude for petroleum products, a process set up [...]

Published on 16/05/2017 at 04:30 GMT Reading time 2 minutes

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Energy

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AA Rano
Abba Kyari
AbdulKabir Adisa Aliu
Abdulrahaman Musa-Bashir
Alhaji Sayyu Idris Dantata
Aliko Dangote
Aminu Tambuwal
Auwalu Abdullahi Rano
Cepsa
Dapo Abiodun
Diezani Alison-Madueke
DSDP
Gabriel Ogbechie
Goodluck Jonathan
Helios
Heyden Oil
Hyson
Ibikunle Amosun
Litasco
Mamane Daura
Matrix Energy
Mercuria
Michael Hacking
MK Baru
Mocoh
MRS
Muhammadu Buhari
NNPC
Oando
Petrocam
Rahamaniyya Group
Rainoil
Sahara Energy
Socar
Societe Ivoirienne de Raffinage
Tonye Cole
Total
Trafigura
Varo
Vitol

Ghana
Accra struggles to end dependence on petrol imports

Ghana currently imports 100% of its petroleum products and that situation looks unlikely to change any time soon. Work on a new refinery promised by Chinese developers is at a standstill, while negotiations to restore the Tema Oil Refinery, which has been shut down for five years, are dragging on.

Subscribers only Energy 12.06.2023

The Tema oil refinery near Ghana's capital Accra.

Burkina Faso
Traders threaten to cut Ouagadougou's fuel supply

At the time of the 30 September coup, the Burkinabe Ministry of the Budget owed over €600m to Sonabhy, the entity that manages the country's petroleum supply. The state-owned firm can no longer pay its traders, who are threatening to stop their oil deliveries.

Subscribers only Energy, Commodity traders 27.10.2022

Nigeria
Usual suspects and unknowns among winners of NNPC swap deals

The Nigerian state-owned company has published the list of firms who will get crude oil in exchange for petroleum products. As usual, established companies rub shoulders with unknown firms that have close links to the government.

Subscribers only Energy 07.06.2021

Nigeria
Abba Kyari's favourite trader thrives in wake of his death

Matrix Energy's tight connections to the powers that be in Nigeria has allowed it to play a prominent role in the country's oil trading.

Subscribers only Energy 25.01.2021

Nigeria
NNPC's crude oil-for-products swap system could disappear in six months

The deregulation of petrol prices, which has been speeded up by the Covid-19 pandemic, has led to a renewal of swap contracts since the start of 2020. But they could shortly be on the way out.

Free access Energy 06.10.2020

Cameroon
Nigeria's Sahara Energy riles Total over petroleum products

The lucky winner of a contract to supply all petroleum products in the country, the Nigerian trading company Sahara Energy is practising prices totally at odds with the current market.

Subscribers only Energy 08.05.2020

Nigeria
NLNG Train 7 project saves Buhari's non-existent oil & gas record

NLNG was put under immense pressure to get the first large-scale oil project that the current government would have achieved after five years in power launched before 2020.

Subscribers only Energy 07.01.2020

Nigeria
Buhari's Kyari duo settle on pick of oil firms to sell NNPC crude

The award of oil allocations has dealt a new hand to the Nigerian traders.

Subscribers only Energy 09.07.2019

Nigeria
Abdulwasiu Sowami gives Forte Oil a head-to-toe makeover

Nigerian businessman Abdulwasiu Sowami's purchase of the local petroleum product distribution firm Forte Oil has led to the departure of [...]

Subscribers only Energy 09.07.2019

Botswana
Fujax's wavering enthusiasm for Mowana copper

British firm Cradle Arc's decision to suspend activities at its Botswanan copper mine Mowana until further notice, was prompted by [...]

Subscribers only Mining 18.12.2018

Nigeria
Under pressure in delta, Buhari pushes forward with NLNG train 7

The CEO of the joint venture NLNG (Shell, Total, Eni, NNPC), Tony Attah (former board member of Shell Nigeria) has [...]

Subscribers only Energy 02.10.2018

Nigeria
2019 election: Buhari rewards supporters with crude

A list of Nigerian marketers selected to sell NNPC crude has leaked. Although Buhari hasn't given his final go-ahead for the list, which could see a few changes beforehand, it does give an idea of who his supporters are as the electoral campaigning steps up a notch.

Subscribers only Energy 05.06.2018

Senegal
Mocoh chooses Dakar as West African hub

South African entrepreneur Michael Hacking's trading firm Mocoh is shoring up its presence on the African continent, where it is [...]

Subscribers only Energy 06.03.2018

Algeria
Probe into Litasco cargo rejected by Sonatrach

The state-owned firm has refused to accept one of the Russian trading firm's shipments, generating a deadweight loss in a strategic market.

Subscribers only Energy 06.02.2018

Nigeria
Olaniwun Ajayi makes moves to free up Lagos oil terminal

Financing for the construction of a new midstream jetty to [...]

Subscribers only Energy 21.11.2017

Libya
Sahara Group taps into Mellitah crude

Nigeria's Sahara Group, which is headed by tycoon Tonye Cole, recently moved into the Libyan oil trading sector. According to [...]

Subscribers only Business 07.09.2017

Nigeria
MRS' strife forces Sayyu Dantata out the door

The sizeable debt racked up by MRS, to the tune of $200 (65 billion naira), has forced its founder Sayyu [...]

Subscribers only Energy 25.07.2017

Spotlight | Nigeria
While president Buhari's away, the oil barons will play

Tensions are rising in the country's oil sector in the power vacuum left by president Muhammadu Buhari after he eclipsed to London for medical treatment several weeks ago. At the start of his mandate in 2015, the head of the [.

Subscribers only Energy 25.07.2017

Nigeria
Call for tenders on marginal fields: DPR's secret lists

Nigerian juniors already have their geologists hard at work assessing the first provisional lists of marginal fields being discreetly passed on by the DPR.

Subscribers only Energy 27.06.2017

Spotlight | Africa
Sahara Energy makes its contacts work all over Africa

Sahara Energy, which has been a trading institution in Nigeria for the last 20 years, has succeeded in becoming a key player in trading in crude oil and products in numerous African countries. The two leaders of this rapid ascension, [.

Subscribers only Energy 14.03.2017

Spotlight | Nigeria
How Buhari hands NNPC's crude to those in his debt

In addition to international groups like Glencore, Trafigura, Total and BP, the list of 18 Nigerian firms that won allocations of NNPC’s crude - 32,000 bpd or one cargo per month - for 2017/2018 looks like a clever geopolitical share-out [.

Subscribers only Energy 17.01.2017

Spotlight | Nigeria
Buhari picks well-connected grandees to run NNPC

Nigerian president Muhammadu Buhari has finally decided to put an end to the tandem act he set into motion last August by having himself and NNPC group managing director Emmanuel Kachikwu, who's also state petroleum resources minister, oversee the oil [.

Subscribers only Energy 19.07.2016

Nigeria
Monthly swap seen as Buhari’s antidote to shortfalls

To avoid placing all gasoline import contracts in the same hands the Nigerian president has inaugurated a new kind of short-term contract.

Subscribers only Energy 26.01.2016

Ivory Coast
Buhari investigates Nigerian cargos sold to SIR

Sahara Energy could find itself in trouble with Nigeria’s new government. Indeed, Abuja is looking into the terms of its contracts with SIR and Petroci.

Subscribers only Energy 22.12.2015

Nigeria
Winners and losers in NNPC swap deals

In step with one of the priorities of Nigeria’s president Muhammadu Buhari, contracts that had allowed for cargoes of crude [...]

Subscribers only Energy 01.09.2015

Spotlight | Nigeria
Fresh team raring to go on the oil front

President Muhammadu Buhari’s first oil industry appointments in August targeted the management of NNPC and they ought to delight oil companies which had been waiting impatiently for changes at the top. The new executives, picked with their regional origins carefully [.

Subscribers only Energy 01.09.2015

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Muhammadu Buhari’s victory in Nigeria’s recent presidential election will result in the departure a strongest card in outgoing president Goodluck Jonathan’s hand: the controversial petroleum resources minister Diezani Alison-Madueke. While some traders who became oil explorers raked in riches during [.

Subscribers only Energy 14.04.2015

Spotlight | Nigeria
Who are the lucky winners in swap contract lottery?

Largely unnoticed in Nigeria where the media and politicians are riveted on the presidential election on Feb. 14, a unit of the Nigerian National Petroleum Corp (NNPC), Pipelines and Product Marketing Co (PPMC) renewed swap contracts in early January that [.

Subscribers only Energy 03.02.2015

Spotlight | Ivory Coast
President Ouattara’s petroleum pals

Eighteen months after Alassane Outtara took office the oil sector remains under the control of just a handful of companies. Russian and Nigerian investments are paying off in Abidjan while Chinese groups are trying to get a foot into the [.

Subscribers only Energy 02.07.2013

Set up email notifications for these topics

AA Rano
Abba Kyari
AbdulKabir Adisa Aliu
Abdulrahaman Musa-Bashir
Alhaji Sayyu Idris Dantata
Aliko Dangote
Aminu Tambuwal
Auwalu Abdullahi Rano
Cepsa
Dapo Abiodun
Diezani Alison-Madueke
DSDP
Gabriel Ogbechie
Goodluck Jonathan
Helios
Heyden Oil
Hyson
Ibikunle Amosun
Litasco
Mamane Daura
Matrix Energy
Mercuria
Michael Hacking
MK Baru
Mocoh
MRS
Muhammadu Buhari
NNPC
Oando
Petrocam
Rahamaniyya Group
Rainoil
Sahara Energy
Socar
Societe Ivoirienne de Raffinage
Tonye Cole
Total
Trafigura
Varo
Vitol

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Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

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The generals waging war from Khartoum to Darfur

Nigeria Exclusive: Buhari's shortlist of swap magnates

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Ghana Accra struggles to end dependence on petrol imports

Burkina Faso Traders threaten to cut Ouagadougou's fuel supply

Nigeria Usual suspects and unknowns among winners of NNPC swap deals

Nigeria Abba Kyari's favourite trader thrives in wake of his death

Nigeria NNPC's crude oil-for-products swap system could disappear in six months

Cameroon Nigeria's Sahara Energy riles Total over petroleum products

Nigeria NLNG Train 7 project saves Buhari's non-existent oil & gas record

Nigeria Buhari's Kyari duo settle on pick of oil firms to sell NNPC crude

Nigeria Abdulwasiu Sowami gives Forte Oil a head-to-toe makeover

Botswana Fujax's wavering enthusiasm for Mowana copper

Nigeria Under pressure in delta, Buhari pushes forward with NLNG train 7

Nigeria 2019 election: Buhari rewards supporters with crude

Senegal Mocoh chooses Dakar as West African hub

Algeria Probe into Litasco cargo rejected by Sonatrach

Nigeria Olaniwun Ajayi makes moves to free up Lagos oil terminal

Libya Sahara Group taps into Mellitah crude

Nigeria MRS' strife forces Sayyu Dantata out the door

Spotlight | Nigeria While president Buhari's away, the oil barons will play

Nigeria Call for tenders on marginal fields: DPR's secret lists

Spotlight | Africa Sahara Energy makes its contacts work all over Africa

Spotlight | Nigeria How Buhari hands NNPC's crude to those in his debt

Spotlight | Nigeria Buhari picks well-connected grandees to run NNPC

Nigeria Monthly swap seen as Buhari’s antidote to shortfalls

Ivory Coast Buhari investigates Nigerian cargos sold to SIR

Nigeria Winners and losers in NNPC swap deals

Spotlight | Nigeria Fresh team raring to go on the oil front

Spotlight | Nigeria Some applaud and others lament Madueke’s departure

Spotlight | Nigeria Who are the lucky winners in swap contract lottery?

Spotlight | Ivory Coast President Ouattara’s petroleum pals

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Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Nigeria
Exclusive: Buhari's shortlist of swap magnates

Ghana
Accra struggles to end dependence on petrol imports

Burkina Faso
Traders threaten to cut Ouagadougou's fuel supply

Nigeria
Usual suspects and unknowns among winners of NNPC swap deals

Nigeria
Abba Kyari's favourite trader thrives in wake of his death

Nigeria
NNPC's crude oil-for-products swap system could disappear in six months

Cameroon
Nigeria's Sahara Energy riles Total over petroleum products

Nigeria
NLNG Train 7 project saves Buhari's non-existent oil & gas record

Nigeria
Buhari's Kyari duo settle on pick of oil firms to sell NNPC crude

Nigeria
Abdulwasiu Sowami gives Forte Oil a head-to-toe makeover

Botswana
Fujax's wavering enthusiasm for Mowana copper

Nigeria
Under pressure in delta, Buhari pushes forward with NLNG train 7

Nigeria
2019 election: Buhari rewards supporters with crude

Senegal
Mocoh chooses Dakar as West African hub

Algeria
Probe into Litasco cargo rejected by Sonatrach

Nigeria
Olaniwun Ajayi makes moves to free up Lagos oil terminal

Libya
Sahara Group taps into Mellitah crude

Nigeria
MRS' strife forces Sayyu Dantata out the door

Spotlight | Nigeria
While president Buhari's away, the oil barons will play

Nigeria
Call for tenders on marginal fields: DPR's secret lists

Spotlight | Africa
Sahara Energy makes its contacts work all over Africa

Spotlight | Nigeria
How Buhari hands NNPC's crude to those in his debt

Spotlight | Nigeria
Buhari picks well-connected grandees to run NNPC

Nigeria
Monthly swap seen as Buhari’s antidote to shortfalls

Ivory Coast
Buhari investigates Nigerian cargos sold to SIR

Nigeria
Winners and losers in NNPC swap deals

Spotlight | Nigeria
Fresh team raring to go on the oil front

Spotlight | Nigeria
Some applaud and others lament Madueke’s departure

Spotlight | Nigeria
Who are the lucky winners in swap contract lottery?

Spotlight | Ivory Coast
President Ouattara’s petroleum pals