Thyssenkrupp to Work on 5 Petrochemical Projects

German industrial company Thyssenkrupp will work on five new petrochemical projects in collaboration with Egyptian companies, Egypt Oil & Gas reports. Thyssenkrupp will construct a polybutadiene factory with the Egyptian Ethylene and Derivatives Company, propylene and polypropylene factories with the Sidi Kerir Petrochemicals Company, and a formaldehyde factory at Damietta Port. The German group is

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Nigerian oil exports to fall to 2018 low in July

Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. The export plan comprised 48 cargoes, compared with 60 cargoes and a daily rate of 1.796 million bpd in June, due in part to an outage

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Kenyatta flags off Kenya’s first oil export scheme

Kenya’s president, Uhuru Kenyatta flagged off a pilot scheme to export crude oil via Mombasa as part of efforts to capitalize on the country’s oil reserves. Kenya discovered commercial oil reserves in its Lokichar basin in 2012 and a 800-km (500-mile) pipeline is due to be built before production starts up in 2021/22. The national

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Kenya begins transporting crude oil for export

Kenyan President Uhuru Kenyatta on Sunday flagged off the first consignment of crude oil destined for export from the East African nation under a pilot scheme. Kenyatta flagged off trucks loaded with crude oil from the Turkana oil fields in northwest Kenya as part of the Early Oil Pilot Scheme (EOP). “This flag-off event and

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Rosneft to Supply Gas for Industrial Consumers in Egypt

Russia’s Rosneft signed a cooperation agreement with Fleet Energy and Fleetliner Energy for supplying gas to Egyptian industry, Egypt Oil & Gas reports. The deal was signed by Rosneft representative Didier Casimiro and President of Fleet Energy Group Essam Kafafi. The signing was attended by Rosneft CEO, Igor Sechin. This comes as the Egyptian cabinet had approved in

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