Africa’s oil and gas sector is entering a powerful new era in 2026. Despite holding nearly 8% of the world’s proven crude oil reserves, the continent has long struggled with one major challenge: low refining capacity. For decades, many African countries exported crude oil but
The Nigerian government has suspended gasoline import licences as part of its ongoing enforcement of the Petroleum Industry Act (PIA). The move is aimed at encouraging local refining and energy independence, reducing reliance on imported fuel, and addressing recurring fuel shortages in the country. Strengthening Domestic Refineries This policy is expected to









