News / International
Namibia Dropped Pump Prices for Fuel
Namibian Minister of Mines and Energy, Obeth Kandjoze , announced that petrol and diesel prices will decrease by $0.036 and $0.02 per liter, respectively.
Sonatrach Achieves 8% Exports Increase
Algeria's Sonatrach achieved an 8% increase for total oil exports in late August 2016, reaching 71.5m tons of oil equivalent. The group recorded a 43% boost for its year-to-date exports by pipeline during the same period.
South Africa to Decrease Fuel Prices in September
The retail price of petrol in South Africa will decrease by 1.5% in September, while the price of wholesale diesel will go down by 4.4%.
South Africa Proceeds with Nuclear Projects
South African power utility Eskom is moving forward with plans to construct and operate multiple nuclear installations and power reactors in Eastern Cape and Western Cape provinces.
FAR Confirmed Commercial Viability in Senegal’s Offshore Field
Australian FAR Ltd. has achieved the minimum economic field size for a commercial development of the SNE oil field offshore Senegal. The project's operator Cairn Energy previously assessed the minimum economic field size to be around 200m barrels.
Zimbabwe to Develop Fuel Terminal in Beira
The National Oil Infrastructure Company of Zimbabwe (NOIC) is considering to develop a second fuel terminal in Beira, Mozambique, in an attempt to boost the country's fuel transportation capacity.
Nigeria to Resume Exports from Forcados Pipeline
Royal Dutch Shell’s Forcados pipeline in Nigeria will resume deliveries in September.
Iran, Armenia To Establish a Free Trade Zone
Iran and Armenia are expected to create a free economic trade zone that is going to expand relations between Iran and the Eurasian Economic Union (EEU).
