Vitol, Trafigura, and BP Plc have emerged as the dominant buyers of refined products from Dangote Refinery, securing 75% of its output, according to a recent report.
Historically, the energy sector has been a big bet for investors and generically, it has been an expanding sector globally since the industrial revolution.
Vitol, the foremost independent commodity trader globally, has for the second consecutive year, secured profits surpassing its competitors, solidifying its status as a dominant force in the international energy markets.
Nigeria received US$2.25 billion in first tranche of the $3.3 billion Afrexim loan, with UBA listed as local arranger and Onshore Depository Bank. NNPC Ltd, Sahara Energy also listed as lenders.
The world may face a global shortage of diesel due to the ongoing sanctions on Russia, which is expected to affect poorer nations...
The Management of Dangote Refinery has denied news of talks between Aliko Dangote, Africa’s richest man, and Trafigura...
Ian Taylor was said to have died from pneumonia at the age of 64, after beating cancer and stroke just last year.
Vitol will increase the volume of its Liquefied Natural Gas after signing a 10-year agreement with Nigeria Liquefied Natural Gas (NLNG). #VITOL #NLNG
Delay on the part of the Nigerian government has forced Vitol to pull out of an acquisition talk involving two Nigerian oil fields.
Petrobras will most likely announce the sale of its stake in Petrobras Africa to Vitol.
World leading energy company, Vitol, says it has been in talks with stakeholders in Nigeria to monetise the country's...
The race is on to acquire Petrobras' assets in Petrobras Africa which is valued at $2bn. Two international...
