Congolese billionaire Lucien Ebata plans a 20-fold jump in his oil output
Congolese oil tycoon Lucien Ebata says his company Trident OGX aims to raise production from 2,500 barrels a day to as much as 50,000.
African oil and gas
Billionaire Aliko Dangote says refinery could pursue U.S. secondary listing
Billionaire Aliko Dangote says his refinery could pursue a U.S. secondary listing in about three to four years after establishing a public trading record in Nigeria.
Benin-born oil veteran Samuel Dossou-Aworet holds $1.4 billion of Nigerian oil shares
Samuel Dossou-Aworet's stakes in Seplat and Aradel are worth $1.43 billion, built by a Benin-born engineer who once ran Gabon's oil sector.
Billionaire Aliko Dangote gains $3.3 million as refinery IPO nears
Aliko Dangote added $3.3 million to his fortune as investors reacted to the upcoming IPO of his $20 billion refinery, which opens September 14.
Angolan billionaire Alberto Almeida de Sousa's Etu Energias to acquire Chevron's blocks for $260 million
Etu Energias, half owned by Alberto Almeida de Sousa, is buying Chevron's stakes in Blocks 14 and 14K for $260 million, displacing Energean.
Ethelbert Cooper, the Liberian who built a $3 billion African oil empire, is dead at 73
Ethelbert Cooper, the Liberian entrepreneur who co-founded Afren plc and spent four decades shaping Africa's natural resources sector, died on May 23, 2026.
Dangote Refinery reduces petrol price to ₦774/Litre
Dangote’s refinery has reduced petrol price to ₦774 per litre, reinforcing its growing influence over Nigeria’s fuel supply and pricing dynamics
Aliko Dangote emerges as key partner as Cameroon refinery seeks restart support
Dangote Group is in talks with Cameroon refinery Sonara over fuel supply and financing as the company seeks to restart operations under a heavy debt load.