Africa | Egypt Oil & Gas - Part 32

Eskom Expands Rolling Blackouts

South African power utility Eskom expanded rolling blackouts for a second straight day to the "Stage Three" level on Wednesday, meaning it needs to cut 4,000 megawatts from household and industrial consumers to preve ...

Enel Considers Selling of Assets in Europe and Africa

Italy's biggest utility Enel SpA is looking to sell its assets in Europe and Africa to raise as much as 1 billion euros ($1.07 billion) as its growth slows amid weak demand in Italy and Spain, Bloomberg reported, cit ...

Tunisia Signs a Guarantee Agreement with ITFC

A bill on a guarantee agreement signed between Tunisia and the International Islamic Trade Finance Corporation (ITFC) was passed, Tuesday, at a plenary session of the House of People's Representatives (HPR).

Cairn Energy Plans Further Drills for Senegal Offshore Discoveries

Following the successful drilling campaign offshore Senegal in 2014, FAR Ltd, ConocoPhillips, Cairn Energy (the operator of the licence) and Petrosen (the government of Senegal) are planning a first phase work progra ...

OPEC Should Cut Oil Output, Libya Official Says

OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said.

Unplaced Nigerian Crude Expected to Flow to Europe

A glut of unplaced Nigerian crude is expected to flow to Europe hoping to find end user demand after weak buying from Asia for Nigerian and West African light sweet crudes over the past month has left a large overhan ...

Libya’s War Rages but Eni Refuses to Step Out

Italian energy giant Eni SpA has emerged in recent weeks as the only international oil company still pumping near capacity in war-torn Libya, helped by protection from militias and tribes secured by its local partner ...

Four Challenges Facing Nigeria´s President-Elect Buhari

For President-elect Buhari, winning Nigeria's tight election race is the easy part. Keeping Africa's biggest country afloat will be harder

Morocco to Lessen Reliance on Imported Energy

Visiting the beautiful country of Morocco for the first time made me wonder how this country of 33 million people, 447,000 square kilometers in area and $104 billion (Dh382 billion) in gross domestic product is manag ...

Violence Sparks in Nigeria’s Oil-Rich Delta Region

Nigeria's delta region was hit by violence on Friday, as gunmen killed nine people and, separately, militants blew up a gas pipeline, in a sign of returning unrest to the oil producing area days after a relatively pe ...

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