Dangote’s Nigeria Refinery Secures $400 Million Ahead of $2 Billion IPOInvestors have committed $400 million to a planned initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, the continent’s largest crude oil processing plant, which is raising money to expand the facility.
bloomberg.com• Aug 17, 2026• 1 min read
Asian Refiners Ask to Pick Up Saudi Oil Outside Risky Red SeaSome Asian refiners are pushing back against Saudi Aramco’s request that they pick up their oil at Yanbu on the Red Sea, due to the difficulty of finding ships willing to sail through the dangerous waterway.