Africa | Egypt Oil & Gas - Part 24
Vitol and Helios Pay $276 Million for Nigerian Fuel Business
Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million. Their joint venture will ...
Oman’s International Buying Spree Spans Three Continents
Oman, the largest oil producer in the Middle East outside of OPEC, plans to buy, lease or build fuel-storage tanks in East Africa to boost sales on the continent and open a U.S. office to trade refined products and La...
The Energy Sector Undermines National Security and Development in Mozambique
Political stability and absence of violence in Mozambique are in their lowest levels in two decades. And while Mozambique’s economy remains one of the most dynamic on the continent it is unclear how its m...
Nigeria’s APC States Government Must Scrap Oil-Industry Bill
Nigeria’s ruling party recommended the government discard a long-delayed oil-industry bill, review fuel subsidies and sell off some units of the state petroleum company. The Petroleum Industry Bill should be scrapped ...
Nigeria’s Oil Company Kept Most of Oil Revenue
Nigeria’s state oil company earned 8.1 trillion naira ($41 billion) from 2012 until the end of May, but only paid 4.3 trillion to the federal government, the country’s National Economic Council (NEC) said ...
Dominovas Energy Achieves Historic Partnership With U.S. Government
Dominovas Energy Corporation announces a historic partnership with the United States government. Dominovas Energy Corporation, via the deployment of its modular, off-grid RUBICON™ Solid Oxide Fuel Cell systems, has be...
Nigeria Relaxes Grip on Gas Prices to Increase Power-Plant Supply
Nigeria’s energy regulator said it’s prepared to approve higher prices for natural-gas supply to ensure increased deliveries to the nation’s ailing power plants. The Nigerian Electricity Regulatory Commission will con...
Fuel Shortages to Hit Nigeria Says Seplat CEO
Nigeria will probably be hit by fuel shortages in three weeks as the government doesn’t have enough money to pay for gasoline subsidies, according to the head of Seplat Petroleum Development Co Plc. “In three weeks we...
