News / International
Nigeria Sues Big Oil for $12.7b
Nigeria is suing several leading oil companies for $12.7b of crude oil that allegedly was exported illegally to the US between 2011 and 2014.
Aramco Awarded KAD With Pipeline EPC
The Saudi Arabian oil giant, Aramco, has awarded Saudi KAD 4 lucrative procurement and construction contracts (EPC) to build pipelines with investment projected at $1.33b.
JICA, AfDB to Invest $75m in Tanzania’s Gas Distribution
Japan International Cooperation Agency (JICA) and the African Development Bank (AfDB) have shown interest in financing Tanzania’s gas distribution network
AGOCO Boosts Output as Libya’s Crude Production Recovers
Libya's Arabian Gulf Oil Company (AGOCO) has raised its output to 210,000b/d as Libya boosted crude production by more than 70%.
Zimbabwe Resorts to Solar Energy for Rural Farming Areas
Zimbabwe signed a memorandum of understanding with China’s Shandong Dejian to develop solar milling plants in rural areas worth around $200m.
Algeria to Boost Gas Production by 9bcm/y
A source at state energy company Sonatrach said that Algeria expects to produce more than 9bcm/y additional gas output, when three projects come online during 2017.
Helios Investments Buys Stake in Oando Gas and Power
Oil and gas group Oando has sold 49% of its midstream business subsidiary, Oando Gas and Power (OGP), for $115.8m, to Helios Investment Partners LLP.
Algeria to Diversify into Nuclear Power, Shale Gas
Algeria will start looking for unconventional gas deposits and study the use of nuclear power in an effort to diversify its energy sources.
