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DANGOTE OIL REFINERY
Nigerian airlines avert shutdown as Mideast war hikes fuel pricesNigerian airlines continued flying on Thursday despite threatening a shutdown over sky-high jet fuel prices roiling the industry in Africa'...
Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
Nigerian airlines threaten to halt flights over soaring jet fuel pricesNigerian airlines are threatening to halt all flight operations from April 20 if jet fuel prices are not reduced. The Airline Operators of ...
West Asia war to hit growth, trigger cascading impact: World Bank President BangaThe World Bank warns of significant global economic fallout from the West Asia conflict. Even a ceasefire will cause disruptions. If the wa...
India’s EIL secures $350M contract for Africa’s biggest Dangote refineryEngineers India Ltd has secured a pivotal contract exceeding USD 350 million for the extensive expansion of the Dangote Refinery and Petroc...
Africa’s Croesus Aliko Dangote inspired by Reliance; now seeks to rival Jamnagar refineryNigerian multi billionaire businessman, also the richest in Africa is hero to some and monopolist to others. He is seeking India Inc’s help...
Nigeria's Dangote taps India’s EIL to double refining capacity to 1.4 million bpdNigeria's Dangote has contracted Engineers India Ltd to double its refining capacity to 1.4 million barrels per day within three years. The...
Niche focus, robust orders make JNK India a better long-term betThe company’s order book has grown six-fold in the past three fiscal years. The company's order bid size has consistently expanded, which h...
Engineers India eyes non-fossil fuel business, overseas for new phase of growthState-owned Engineers India Ltd (EIL) is shifting its focus from fossil-fuel plant construction to clean energy projects and overseas marke...
Engineers India Ltd expects more orders from Middle East - chairperson"There is an upside to increasing production before energy transition kicks in and we want to capture that opportunity, and that opportunit...
Oil edges up on supply worries, G7 pledge to enforce Russian price capsOil prices increased slightly on Monday due to a weaker dollar and supply cuts made by Canada and OPEC+ producers. Brent crude futures rose...
Europe rushes to stock up on diesel ahead of Russian banThe European Union banned seaborne Russian crude imports from Dec. 5 and will ban Russian oil products from Feb. 5, in a move aimed at depr...
EIL rallies over 5% on winning refinery contract in NigeriaEIL pared some of the morning gains but was still trading 2.8 per cent higher at Rs 312.75. It hit a low of Rs 310.80 and a high of Rs 322 ...
Engineers India wins $139 mn Nigerian contractEIL has won its largest ever overseas consultancy contract for a 20 million tonne oil refinery in Nigeria as it looks at markets abroad.
Three of Indian-origin among Africa's 50 richest: ForbesBidco grossed over $ 500 million in annual revenues and its products are manufactured, sold and distributed in 14 countries across Africa.
African tycoon to build $3.3 billion refinery in NigeriaForbes ranks Dangote as Africa's richest man with an estimated wealth of USD 16.1 billion. His companies also produce flour, cement and sug...
- Mittal loses Nigeria refinery bid
India-born billionaire Lakshmi Niwas Mittal, who wants to make it big in oil after forming the world's largest steel empire, has lost a bid...