Africa’s richest businessman says the proposed stock market debut of his $20 billion oil refinery is about legacy, not control, and will allow Nigerians at home and abroad to share in its profits.

Shell has restarted efforts to sell its stake in Germany's PCK Schwedt oil refinery, three sources familiar with the matter told Reuters, aiming to exit an asset entangled in Western sanctions on Russia and Berlin's need to secure fuel supplies.

Workers at an under-threat oil refinery will be guaranteed employment until the end of March, the official receiver has said. Lindsey Oil Refinery, in North Lincolnshire, was taken over by the receiver in June after its owner, Prax Group, went into administration.

UAE energy giant emerges as frontrunner to buy Russia’s controlling stake in Serbia’s sole oil-processing facility

Equinor was hit with a €60 million penalty by Norway's environmental prosecutor over pollution following "years of inadequate maintenance" at the Mongstad oil refinery on Norway's west coast