Africa | Egypt Oil & Gas - Part 29

Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide

Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices.

BP Lifts Force Majeure on Angola’s Saturno

BP has lifted a force majeure on exports of Angolan Saturno crude oil, traders said on Tuesday.

Algerian LNG Shipment Expected to Arrive in Egypt

A 3 billion cubic meter liquefied natural gas shipment from Sonatrach natural gas Algerian company will arrive in Egypt by next week via Ain Sokhna port, Khalid Abdul Badi Chairman of the Egyptian Natural Gas Holding ...

Kenya Seeks to Impose Local Stake in Oil Exploration Firms

Kenya has proposed rules requiring oil exploration firms to give local investors a 5 percent stake and use local suppliers and staff for their services to get a bigger share of earnings from the new sector.

Libya’s Hariga Oil Port To Export 7 Million Barrels of Crude in May

Libya's Hariga oil port plans to export 7 million barrels of crude in May, the state port operator said on Monday.

Morocco Refiner Samir Gets $319 Million on Loans

Morocco's sole oil refiner Samir said on Monday it had obtained 3.1 billion dirham ($319 million) of loans via an agreement with Banque Centrale Populaire (BCP), one of the country's three biggest lenders.

ExxonMobil-led Strikes Oil Offshore Angola

Exxon Mobil Corporation has announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offsho ...

Afren to Commission Ebok Platform Offshore Nigeria

Afren is looking to sustain its wide-ranging development and exploration programs offshore Africa, despite the company’s current financial difficulties.

Total to Raise Millions in Initial Public Share Offer in Morocco

Total Maroc (IPO-TOMAR.CS), owned by France's Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a state ...

Mazarine Energy and ETAP Make Oil Discovery in Tunisia

Mazarine Energy and ETAP have discovered 38 metres of net oil-bearing reservoir in well Cat-1 well in the Zaafrane permit in central Tunisia.

Page 29 of 40

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