Devils Below

🇬🇦Gabon Faces Oil Pollution 🌏 The Ministry of Environment, Ecology and Climate of Gabon confirmed that 2 oil slicks around 90-95 sq. km are now floating off the countrie's coastline near Mayumba. The Ministry recommends that local people "temporarily limit the use of natural resources in the impacted areas, in particular fishing, swimming, the collection of non-wood forest products and leisure activities" Who and how caused this pollution remains unknown. Devils Below

🇳🇬 Nigeria Boosts Oil (Though Modestly) Nigeria has reportedly increased daily oil production to 1.7-1.83 million barrels and the number of active drilling rigs from 31 in January to 50 by July 2025. ❓The reforms are attributed to the Nigerian Upstream Petroleum Regulatory Comission's (NUPRC) "Drill or Drop" and "One Million Barrels Per Day" initiatives. However, launched in October 2024, "One Million Barrels Per Day" originally meant the increase in production by 1 million barrels per day by October 2026. So far it increased from 1.6 a year ago to 1.83. It's unclear whether Nigeria will eventually meet its ambitious goal, and whether it is worth at all given the persistent surplus on crude oil market. Devils Below

🇨🇩🇷🇼DRC And Rwanda Postpone A Deal Reuters report that so far the DRC and Rwanda fail to sign a US-sponsored deal on economic cooperation and resources exploitation in the border area. ❓ We've already mentionedthat Rwanda and the DRC had agreed on the text of this agreement, with the official introduction of this document expected in early October. Now the DRC appears unwilling to put its signature on the paper. "The negotiating teams had finalized the text of the agreement but disappointingly, Kinshasa decided at the last minute not to initial it", a Rwandan official said. Perhaps the DRC is planning to use its signature as a leverage over Trump to make the latter put pressure on Rwanda. The final goal is probably to get some additional safeguards against armed faction M23 getting Rwandan support. Heads of both countries are expected to make a visit to Washington by the end of October. Devils Below

🇨🇮Ivory Coast Joins The Game Ivory Coast has distributed 11 new mining exploration licenses, whereof 8 for gold. ❓ This, besides the fact that the IC's government goes on performing its basic functions, can tell us that Ivory Coast is inclined to take its share of the pie of the growing prices of gold and other minerals (like copper). From an investor's perspective, Ivory Coast is thereby distancing itself from its northern neighbourns, where the desire to hop on the train of high prices led to disputes between state and mining corporations. Devils Below

🇸🇳Senegal To Launch Refinery Senegal has announced its plans for the construction of its second oil refinery by 2029. ❓ Like many other crude oil exporting countries, Senegal has long been dependent on petroleum products import due to the lack of local refineries. This in turn leads to foreign currency deficits and a bizzare situation where countries full of oil (besides Senegal, for example, Nigeria and also Iran) need to rely on oversea refineries. Devils Below

❤️Africa Loses 1.5 Niger’s GDP That much gold is reportedly illegally mined and smuggled from African countries each year. As the LBMA gold price reaches new heights ($3890 per ounce as of today), we decided to cover some fact about illegal gold mining in Africa. Did you know that: 👉 Each year around 475 tonnes of gold are produced illegally in Africa (which is equal to approximately $85 billion or 1.5 of Niger’s GDP) 👉 The leaders in illegal mining are Zimbabwe, Mali and Ivory Coast 👉 The major part of illegal gold end up in the UAE, where undergoes refining and join the legal flows of gold bullions Devils Below

🇳🇬It's All Oil Under The Bridge... 🌏 With the help of a bunch of federal ministers, Wednesday morning Nigeria's Dangote Refinery and PENGASSAN trade union ended their dispute. The terms of their agreement allegedly iclude: 👉 Redeployment of the sacked workers (though in different business units) 👉 No punishment for those engaged in the PENGASSAN strike Dangote meanwhile seems to be the winner, since none of the sacked will be redeployed at the refinery itself. Also interesting that the agreement only displays the Labour Minister's signature and looks like his own declaration rather than a treaty. Devils Below

🇳🇪Niger Acquired 22k Atomic Bobms ...or such a number of explosive devices could be produced out of 1570 tonnes of uranium, which Niger reportedly confiscated from French Orano company along with the mine where it all had been extracted. ❓ The stockpile is worth $270 million, though it is unclear how Niger would dispose of it, bearing in mind the strick international oversight of fussile materials trade and the World Bank's arbitration order to halt any movement of this stockpiles. Devils Below

🇳🇬Nigeria's Oil Deadlock 🌏 At this moment (2 pm, GMT +1) Nigeria's Petroleum and Natural Gas Senior Staff Association and Dangote Oil Refinery shall start the second round of negotioations over mass transfer and sack of union members. ❓ The previous round of talks ended in a deadlock, which means PENGASSAN goes on with its strike. So far the major inflicted damage included reduced national power generation by 1,100MW (some 25% of total). The question is whether the parties are willing to compromise or we may expect a full-fledged oil industry crisis here. Devils Below

🇳🇬13 Dead In Zamfara Mine Collapse 🌏 The Government of Nigeria has confirmed on Sunday 13 illegal miners are found dead after a gold mine collapse in Zamfara. Previously the media bred rumours that at least 100 people were feared dead. ❓ What's also sad, besides the premature death of gold miners, is that Nigeria's Govt still fails to harness illegal small-scale gold mining. Almost all of the country's estimated gold production even today remains undeclared and thus illegal. (see the pic.) Devils Below

🇲🇱Mali Struggles With Gold 🌏 Today Reuters reported that Mali’s gold production fell by 32% year-on-year because of the dispute with Barrick. The fact itself is not surprising, given the half-year pause in Barrick’s operation in Mali and its current interim management. Regulatory uncertainty in Mali has weighed on investment and output. The government, like others in the region, has emphasised resource nationalism while pivoting from Western investors to courting Russian interests. 🤔What is surprising is how crafty journalists are in relating unrelated things. Devils Below

👉11 Sept. - NUPENG accused Dangote of not obiding by the deal 👉17 Sept. - National Industrial Court prohibited NUPENG to perform any industrial actions complelling non-members to join the Union 👉25 Sept. - Dangote fired some stuff citing "sabotage" (PENGASSAN claims the refinery sacked some 800 white-collar empoyees remplacing them with 2000 Indians - not a joke) 👉27 Sept. - PENGASSAN called on its members in Dangote to go to strike from Sunday (for those in field locations) and Monday (for those in offices) All members working across field locations are to withdraw services effective 06:00hrs on Sunday, 28 September 2025 and commence 24-hour prayers. Dangote is visibly trying to get rid of the noisy unionists by firing and reallocating their members away from the decision-making positions. The unions in their turn dream to have an effective leverage on the Dangote. ❓ The question is where the fuck here are the workers' rights? P.S. If you were an oil tycoon, would you try to replace 800 of your managers with 2000 out-of-the-blue pulled Indians? 🤔 Devils Below