News / International

IFC, Canada to Invest $76m in Jordan’s Solar Plant

The International Finance Corporation (IFC) and the government of Canada will provide a $76m financing package for Fotowatio Renewable Ventures (FRV) to build a new 50MW solar Photo Voltaic (PV) power plant in northern Jordan.

Tanzania Changed Bulk Oil Importation Rules

Tanzania’s government directed that only locally registered oil marketing companies will be allowed to bid for the importation of petroleum products in the country.

South Africa to Raise $11b for Nuclear Plant

South Africa's power utility Eskom estimates it would have $11b within ten years to help fund a nuclear expansion program planned by the government.

Kenya Opened New Fuel Storage Facilities

Kenya’s Vivo Energy has opened a 23m liter diesel storage tank at the company’s Mombasa terminal at Shimanzi, giving the company the largest diesel storage facility in Kenya.

Saudi Arabia to Consider Reducing Oil Output

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.

Nigeria to Consider Shutting Its Biggest Power Station

Nigeria might shutdown the nation’s largest power station amid liquidity and gas supply issues threatening operations at the facility.

Uganda to Look for New Investors in $4b Oil Refinery

The Ugandan government has launched a search for new investors for the construction of a $4b oil refinery in Hoima.

Sonatrach, Eni Signed Solar Plant Deal

The Algerian state energy company Sonatrach has signed a deal with Italian firm ENI for a solar power plant, the 10MW photovoltaic facility will be launched before the end of 2016 in Ouargla in southern Algeria.

Solo Oil to Drill New Well in Tanzania

UK’s Solo Oil has signed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin, in Tanzania.

Sound Enegery, PetroMaroc Reassessed Sidi Moktar Deal

Sound Energy and PetroMaroc Corporation are reassessing their agreement regarding Sound Energy’s acquisition of 50% operated interest in three onshore gas permits located in Morocco for the Sidi Moktar licenses.

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