Africa | Egypt Oil & Gas - Part 7
Dangote to Drive Africa’s Refinery Expansion
Nigeria’s $17b Dangote refinery is expected to refine as much as 650,000b/d crude oil per day once it is operation by 2019, driving refinery capacity expansion in Africa, by 2020.
Bowleven Advanced in Gas Assets
Edinburgh-based Bowleven said that the Scottish oil explorer was making progress on developing its Cameroonian assets despite its losses widening by $40m in 2015/2016.
Kenya to Cut Power CAPEX
Kenya Power expected capital expenditure to fall 16% in its current financial year as it spends less on maintaining its grid. The company said capital expenditure was likely to fall to $9.9m in its financial year to ...
Nigeria, IOCs Settled for $5b
Nigeria has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production.
Kosmos to Farm Out Stake in Offshore Blocks
Kosmos Energy signed an agreement with Galp Energia, a subsidiary of SGPS S.A., to farm out 20% non-operated stake of its interest in Blocks 5, 11, and 12, offshore Sao Tome and Principe.
Norway to Invested in Mozambique’s Oil, Gas
Norway is interested to invest in the sectors of oil and gas, agriculture and fisheries in Mozambique.
Benin to Expedite Gas-to-Power Plant
APR Energy has won a project for a fast-track dual-fuel power plant in Benin. The deal is a 12-month contract with Benin’s Ministry of Energy, Water and Mines for a 50 MW plant running on APR’s fuel-flexible aeroderi ...
Zimbabwe to Build an Ethanol Facility
Zimbabwe’s National Oil and Infrastructure Company will issue a tender for the construction of its 3m liter ethanol storage and handling facility in Harare.
