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Mangalore Refinery and Petrochemicals Ltd. shares fell more than 5% after an explosion was reported at its Mangaluru refinery, prompting emergency response teams to rush to the site. Thick smoke was seen emerging from the facility, while the cause of the incident remained unclear late on Tuesday night.
Mangalore Refinery and Petrochemicals Ltd. shares fell more than 5% after an explosion was reported at its Mangaluru refinery, sending thick smoke into the air and prompting an emergency response from fire brigades and ambulances. The cause of the incident was not immediately known, and the company had not disclosed the extent of damage or any casualties at the time of reporting.
Mangalore Refinery and Petrochemicals Ltd. shares fell more than 5% after an explosion was reported at its Mangaluru refinery, where thick smoke was seen rising from one of the plant units. Fire brigades and ambulances were rushed to the site as authorities and the company worked to assess the extent of the incident and determine its cause.
Ukraine has resumed strikes on Russian oil infrastructure after a brief pause, signaling that Kyiv is prepared to keep pressure on Moscow’s energy sector despite reported U.S. efforts to curb such attacks. The renewed campaign comes as Starlink satellite services were restored, underscoring how battlefield communications remain central to Ukraine’s long-range strike capability.
Hurricane Isaias is forcing producers to curtail oil output in the U.S. Gulf of Mexico, adding fresh strain to a global fuel market already unsettled by wars in Eastern Europe and the Middle East. The storm raises the risk of tighter supplies, higher refining costs and renewed volatility in energy prices at a sensitive moment for consumers and central banks.
Hurricane Isaias has forced a fresh round of shutdowns and precautionary evacuations across U.S. oil operations in the Gulf of Mexico, interrupting crude production and heightening the risk of refinery disruptions along the coast. The storm arrives at a sensitive moment for global energy markets already strained by war-related supply shocks in Eastern Europe and the Middle East.
Kenyan President William Ruto has held up Aliko Dangote’s refinery project as proof that bold industrial bets can reshape a country’s economic future, even when they appear reckless at the outset. The remarks come as Kenya seeks to advance a major oil-refining project in Lamu, a plan that has already drawn scrutiny over land, environmental, and financing concerns.
Africa’s richest man, Aliko Dangote, has launched a refinery project in Kenya despite protests over land use, underscoring the tensions that often accompany large-scale industrial development. The project is part of Dangote’s wider push to expand across the continent and support Africa’s industrialisation ambitions by 2030.
Africa’s richest man, Aliko Dangote, has launched a new oil refinery project in Kenya even as local land protests cast a political shadow over the venture. The project underscores his wider ambition to build industrial capacity across the continent by 2030, but it also highlights the recurring tensions between large-scale private investment, land rights, and state-backed development agendas.
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