Africa | Egypt Oil & Gas - Part 32
China’s POLY-GCL to start gas in Ethiopia
Ethiopia expects Chinese firm POLY-GCL Petroleum Group Holdings Ltd to begin drilling for natural gas in development blocks in the southeast by June or July, the mines minister said. Foreign firms have acquired licenc...
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 consume...
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...
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). It ...
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 program...
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. The comments underline ...
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 overhang... 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 partners...
