Africa | Egypt Oil & Gas - Part 25
Egypt’s $100 Mn Africa50 Investments Cover Regional Energy Projects
Egypt has approved to invest US$100 mn to Africa50 Infrastructure Fund’s equity capital, a government source told Amwal Al Ghad Tuesday. The fund was launched in 2014 by Africa’s largest development lender, the Africa...
Libya May Double Oil Output Due to Lasting Low Oil Prices
Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades. “There are efforts u...
Tanzania Seeks 85% Profit Share From Oil and Gas Output
Tanzania will seek as much as an 85 percent share of profit from oil and gas produced in the East African nation, according to a draft law being debated in parliament. The government proposes taking a 60 percent to 80...
Democratic Republic of Congo’s National Assembly Approves Oil Code
The Democratic Republic of Congo’s National Assembly voted for a new oil code amid a flurry of legislation passed on the last day of its spring session on Monday, said Aubin Minaku, the assembly president. The new law...
Nigeria Reconsiders Stakes in Joint Ventures
The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded the country’s...
Libya’s Official Government Can’t Sell Oil Directly
Libya’s official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources ...
Islamic State Approaches Libya’s Oil Ports as UN Seeks Accord
Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring fact...
Nigeria Power Plans Require Fixed Gas-Pipeline
For Nigeria’s state-owned energy company, supplying gas to power plants around the country depends on fixing pipelines quicker than they get ruptured. In April, the Nigerian National Petroleum Corp. took 10 days to re...
