Africa | Egypt Oil & Gas - Part 27
Eni Talks on Mozambique Sale
Talks between Eni and suitors including Chinese state utility Huadian for a stake of around 15 percent in the Italian oil major’s prized Mozambique gas field are dragging on due to differences over price, indust...
Somalia Risks Paying 90% Oil Revenue to Explorer Under Draft Deal
Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oi...
Nigeria’s Gas Prices Could Boost Production
Nigeria needs to increase natural gas prices for power plants further to help encourage more gas exploration and production, the chief executive of Oando Gas & Power, said on Friday as the country’s new pres...
Nigeria’s Buhari Faces a Series of Challenges as President
Crippling fuel shortages, power cuts, slowing economic growth and Islamist militants wreaking havoc. Muhammadu Buhari is taking on a tough job when he’s sworn in as Nigeria’s president on Friday. Former military ruler...
Nigeria and it’s Oil Paradigm
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled ...
Nigerian Oil Union Stops Halliburton Operation Due to Job Cuts
Nigeria’s main oil union has shut down the local operations of U.S. oilfield services provider Halliburton Co in protest against job cuts, the trade body said on Tuesday. Tokunbo Korodo, Lagos chairman for the N...
Iran Makes Big Plans for LPG Export Drive
Iran has gone on a spree of negotiations with the Africans and the Europeans besides the Asians for sales of its liquefied petroleum gas (LPG), an official said on Monday. Mohammad Ali Barati, the managing director of...
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse. “We’re a little bit behind, but not too far ...
