Africa | Egypt Oil & Gas - Part 23
Shoreline Plans $2 Billion Bond to Buy Africa Energy Assets
Shoreline Group, a Nigerian company with interests from oil production to rope-making across six African countries, plans to sell $2 billion in debt to buy crude and gas assets on the continent, which may include pur ...
Mozambique in Good Shape But Must Keep an Eye on State Firms: IMF
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursday.
Algeria’s Q1 Oil and Gas Output Decreases 6 Percent
Algeria's oil and natural gas output fell by 6 percent in the first quarter of 2015 from a year earlier despite an increase in investment, state radio reported on Wednesday citing the energy ministry.
Nigeria’s Total Debt Rises to 12.1 Trillion Naira
Nigeria's total debt rose to 12.1 trillion naira ($60.8 billion) as of March 2015, up from 11.2 trillion naira at the end of December 2014, the Debt Management Office (DMO) said.
Uganda shortlists 17 firms for bidding on exploration blocks
The Ugandan government said on Wednesday it had shortlisted 17 oil companies to bid for six exploration blocks in the east African nation, which has found commercial quantities of oil and aims to pump crude in 2018.
Gulf Petrochem Acquires, Renames Kenyan Downstream Company
Gulf Petrochem group has announced the official acquisition and name change of Essar Petroleum East Africa Ltd to Aspam Energy (Kenya) Ltd
Africa Energy Drops out of Puntland Due to Political Strife
Africa Energy has dropped its exploration acreage in Somalia's breakaway state of Puntland citing uncertainties over the current political climate between regional authorities and the central government in Mogadishu.
Uganda Invests in Hydropower
Uganda’s government suspended plans for a debut sale of Eurobonds to fund infrastructure projects because the stronger U.S. dollar has made it more expensive to borrow, the Finance Ministry said.
