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The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world. The investment is over US$19 billion. [2]
The Israeli invasion of the Gaza Strip is a major part of the Israel–Hamas war.Starting on 7 October 2023, immediately after the Hamas-led attacks on Israel, it began bombing the Gaza Strip; on 13 October, Israel began ground operations in Gaza, and on 27 October, a full-scale invasion was launched.
The Israel–Hamas war, also known as the Gaza War, is an ongoing armed conflict between Israel and Hamas-led Palestinian militant groups. [ ad ] It is the fifth war of the Gaza–Israel conflict since 2008, and the most significant military engagement in the region since the Yom Kippur War in 1973. [ 144 ]
Oil prices (CL=F, BZ=F) jumped about 2.5% after Iran blitzed Israel with nearly 200 ballistic missiles on Oct. 1.Israel seems certain to retaliate, and Iran could re-retaliate, which basically ...
The group has also diversified into oil and gas-related ventures, establishing a 3 million tonnes fertilizer plant, petroleum refinery capable of refining 650,000 barrels of oil and a petrochemical operation. [8] Dangote Refinery was inaugurated in May 2023, and will be the largest single train refinery in the world at full capacity. [17] [18]
Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.
Oil jumped more than 2% before paring gains on Friday on a report Iran may be preparing an attack against Israel, a move that puts the market focus back on escalating tensions between Tel Aviv and ...
Al-Qassam Brigades have stated that they are fighting on multiple fronts, including northwest of Gaza City, south of Gaza City, in Beit Hanoun and northeastern Gaza Strip. Hamas fighters have destroyed 24 Israeli military vehicles, including a tank, an armoured personnel carrier, and a bulldozer with anti-armour weapons, notably 105mm Al-Yassin ...