News / International
Uganda to License 3 Oil Blocks
The Ugandan government is considering a new licensing round for three oil blocks in the Albertine Graben. The three blocks includes the Taitai & Karuka oil block, Mvule oil block in Moyo/Yumbe and the Ngaji block between Rukungiri and Kanungu.
Chad Fined Exxon with $74b
The High Court in Chad has fined Exxon Mobile with $74b for allegedly underpaying royalties for 15 years. The two other companies named in the case are Chevron Corp. and Malaysia’s state-owned Petroliam Nasional Bhd.
Tanzania, Kenya to Build Electricity Line
Tanzania has secured $258.82m from the African Development Bank (AfDB) and the Japan International Cooperation Agency for a 400 kilovolt (kV) high voltage electricity line to connect its national power grid to Kenya’s.
Libya Shipped Oil from Zueitina
Libya's Zueitina oil terminal loaded its first cargo since 2015 with 800,000 barrels of oil for export to China. Ionic Anassa tanker, loaded with the shipment, departed the terminal in early October.
Africa to Import 30m Tons of Gas by 2025
Africa could become a significant global market for imported liquefied natural gas (LNG) by 2025, with Egypt the main driver, as more countries eye gas-to-power projects.
Nigeria to Venture into Biofuel
Nigeria will commence the first large scale commercial bio-fuel venture as alternative to fossil fuel.
Iran Lost 100,000L of Fuel in Refinery Fire
A fire broke out at Iran's Piroozi Oil and Gas Refinery in Shahroud, 400km west of Tehran, due to an explosion in one of the facility's fuel storage tanks.
OPEC, Russia to Discuss Oil Output
The Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member's of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discussions on oil output.
