Africa | Egypt Oil & Gas - Part 4
Congo Republic Becomes OPEC Member
The Republic of the Congo, one of Africa’s major oil producers, has become the newest member of OPEC, Reuters reported. “The conference considered Congo’s request to join the organization and decided to approve its ad...
Egypt to Receive $1.5B Investment Loan
The African Export-Import Bank (Afreximbank) will provide a $1.5 billion loan to Egypt to fund investments including oil and petrochemical projects, Reuters reported. The decision is part of Afreximbank’s plan to loan...
Shell Finalizes Vivo Energy Sale
Shell finalized the selling of its 20% shareholding in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of $250m, Petroleum Africa reported. Shell stated in a press release that the completion of the t...
OEG Offshore to Supply 100 Units to African Companies
OEG Offshore has delivered cargo carrying units for rental supply agreements in Europe and Africa during the start of 2017, Petroleum Africa reported. According to SBNN, OEG Offshore has been awarded contracts with in...
ARA WEEK 2017 Aims at Achieving Clean Fuels in Africa
The African downstream oil industry comes to Cape Town March 13-17th for ARA WEEK at a critical time for the supply, refining, storage, distribution and marketing sectors of the energy supply chain, Petroleum Africa r...
Nigerian Vitol Sells 4m Oil Barrel, Supply Glut Eases
Vitol Group BV is offering to sell Nigerian crude oil from a storage terminal in South Africa in what may be a signal that the global supply glut is beginning to ease, Bloomberg reported. According to Oil Price, Vitol...
Mozambique Awards 3 Gas Development Projects
Mozambique’s National Petroleum Institute (NPI) announced that the government has awarded three contracts for gas development projects across the region. Norway’s Yara International, Shell Mozambique and G...
Partners of Cameroon’s Etinde Offshore Permit Mull Offtake
Partners on the Etinde permit offshore Cameroon are now considering offtake to existing facilities in Equatorial Guinea as a new possible solution, Offshore Engineer reported. Following a recent meeting with Cameroon’...
