Eni and Petronas establish Searah joint venture in Southeast Asia
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Eni, Petronas
Indonesia, Malaysia
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Dangote Refinery Launches IPO to Raise $1.6 Billion
Africa's largest oil refinery, owned by Aliko Dangote, has launched an IPO to raise $1.6 billion. The facility, valued at $49 billion, began production in 2024 and aims to shift Nigeria from a fuel importer to an exporter. Dangote will retain an 87% stake, with plans to expand capacity to 1.4 million barrels per day.