AllAfrica News: Petroleum

[This Day] The Lagos Commodities and Futures Exchange (LCFE), has secured a licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to facilitate the trading and clearing of petroleum liquids, in a development expected to deepen price discovery, transparency and investment in Nigeria's energy market.

[ANGOP] Luanda -- Angola on Wednesday proposed in Durban, South Africa, that a meeting of SADC member states be held in Benguela province to attract regional interest in financing the Lobito Refinery.

[Premium Times] NNPC said the new order establishes a transparent, predictable, and globally competitive fiscal framework for qualifying greenfield deep offshore developments.

[Liberian Investigator] - The Liberia Petroleum Products Retailers Union is preparing to take Liberia's downstream petroleum concerns to one of Africa's leading energy gatherings after receiving an invitation to participate in the 20th anniversary of the OTL Africa Downstream Energy Week in Lagos, Nigeria.

[Daba Finance] Nigeria is offering tax credits of as much as $11.50 per barrel to attract up to $50 billion into deepwater oil and gas projects. President Bola Tinubu approved the Deep Offshore Oil and Gas Projects Incentives Order on Aug. 11, replacing project-by-project negotiations with rules that apply across qualifying developments. Gas projects can receive credits of as mu...