Nigeria | Egypt Oil & Gas - Part 18
Nipco Shareholders Approved MobilOil Deal
Shareholders of Nigeria’s Nipco PLC have authorized the company’s board of directors to stand as a guarantor for the acquisition of 60% majority equity stake in Mobil Oil Nigeria.
Nigeria to End Cash Call Agreement with JVs
Nigeria formally ended the era of cash call payment by the joint venture (JV) operators in the oil and gas industry.
Angola Produced 1.692mb/d of Oil
Oil production in Angola in November reached 1.692mb/d, a 124,800b/d increase than October volumes.
Lekoil Pumped Oil from Otakikpo to Storage Tanks
Lekoil announced that oil is flowing at the Otakikpo marginal field in Nigeria to onshore storage tanks, where it will later be transferred upon completion of the offshore pipeline.
Tanzania, Dangote Agreed in Gas Supply Deal
Nigeria's Dangote Cement have reached a deal with Tanzania on the supply of natural gas to the firm's manufacturing plant in the East African country after negotiations stalled over prices.
India to Import Nigerian Crude Worth $3.85b
Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.
West African Banned “Dirty Fuels” Imports
Nigeria, Benin, Togo, Ghana, and Cote d'Ivoire agreed on import ban of European fuels with high Sulphur levels.
Nigeria Completed Test Run Power Project
Nigeria’s Sokoto State government successfully conducted a test run of its $9.4m IPP, with plans to sign fuel supply security agreements with NNPC
