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. The government had said it would gradually phase out fuel subsidies which are a signifi...
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. Traders said new loading programmes for late May and June had been issued with three to four days of delay from the initi...
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. East Afric...
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. Exports in April were 5.6 million barrels of crude, the operator AGOCO said in a statement. The ...
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 offshor...
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. Offshore Nigeria, the company and its partners plan further deve...
