Mozambique’s long-held dreams of natural gas have got a fresh boost following an estimated $1.1 billion contract award by ExxonMobil for the Rovuma LNG Phase 1 project in Mozambique’s Cabo Delgado region. The signing of the contracts represents a big leap towards FID for the project, whose objective is to build onshore LNG facilities with […]
The Dangote Petroleum Refinery has started the largest initial public offering (IPO) that allows retail investors to get a part of one of Africa’s largest industrial projects. 4.1 billion shares of the refinery will be offered at a price of ₦525 each, which means that the deal should bring ₦2.15 trillion (approximately $1.6 billion) if […]