Lekoil, a West Africa-focused oil and gas exploration and production company, announced that it has raised about $12.4m to bring Nigeria’s Otakikpo field into commercial production.
The Project Manager for Tanzania’s 542km gas pipeline from Mtwara to Dar es Salaam, Allan Slowe, said the pipeline’s lifespan will extend from 30 to 90 years.
The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m to support Morocco's sustainable energy developments.
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.