News / International
Tanzania Plans to Sell 49% of Power Utility Tanesco
Tanzania's government plans to sell 49% of shares in the state-owned power utility company, Tanzania Electric Supply Company (Tanesco), to the public this year, while retaining a controlling stake.
IMF Chief to Discuss Economic Developments with Nigeria and Cameroon
International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting both countries and the West African sub-region.
Pakistan Grants Shale Drilling Licenses
Pakistani companies, Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Company Limited (PPL), have been awarded drilling licenses for a pilot project to explore local shale gas deposits estimated at over 10,000tcf.
Explorers in Senegal Reveal Better-than-Expected Oil Flows
Melbourne-based junior explorer, FAR has conducted latest drilling tests offshore of Senegal and revealed better-than-expected results of oil flows from the SNE-2 well, drilled about 100km off the coast.
Tunisia Extends Chorbane License for Gulfsands Petroleum
The oil and gas exploration company, Gulfsands Petroleum, has been granted a two-year extension to its Chorbane hydrocarbon exploration license, recently ratified by the Tunisian authorities.
Mitsui Consortium Awarded $2.3b Omani Power Plant Project
Japan's Mitsui & Co announced that its consortium had been awarded a $2.3b power plant project in Oman, to build 3.15GW gas-fired combined cycle power generation units for Ibri and Sohar-3 projects.
Shell to Settle $2.3b Debt with Iran
The National Iranian Oil Company (NIOC) and Royal Dutch Shell have agreed that the Anglo-Dutch company will clear off its debt of $2.3b, outstanding since 2011, once the international sanctions are completely removed.
Egypt, Saudi Arabia Reach Financing Agreements for Development
Egypt and Saudi Arabia have come to terms on a number of loans for investment and development projects in Egypt, that Riyadh has pledged to Cairo since March 2015.
