Indian Oil Corporation (IOC), India’s largest state-owned commercial enterprise and oil refiner, has finalised a deal with Algeria’s state energy company Sonatrach to import liquefied petroleum gas (LPG) from 2027 as the South Asian country moves to reduce its dependence on Middle Eastern suppliers.
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Jamaica, the Caribbean’s largest bauxite producer, is turning back to Africa 21 years after promising to help Ghana build an alumina refinery, as the two countries move to revive a decades-old bauxite and alumina trade relationship through a proposed $60 million deal.
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The world’s largest platinum producer, located in South Africa, Valterra Platinum, recently reported a surge in revenue for the first half of the year.
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Dangote Petroleum Refinery has transitioned back to pricing its premium motor spirit in naira to prevent artificial supply shortages caused by fuel importers withholding product to drive up prices.