Angola recorded export earnings amounting to 253.3 billion Kwanzas (about 1.06 billion US dollars) from the sale of 49.8 million barrels of crude oil in May this year, according to the latest statistics issued by the Ministry of Finance. During the month, the oil exports, which account for the large bulk of the country’s export
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
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
Oil infrastructure favors economic development in Uganda – World Bank
Oil and gas industry in Uganda has been poised to steer the economic growth of the country, with a number of adjustments, policies and structures being implemented. According to World Bank, oil infrastructure in the Uganda, which has been the less spoken of topics that is surfacing with much potential to set the country on
Morocco, Nigeria agree on next steps for offshore/onshore gas pipeline
Morocco and Nigeria on Sunday signed a joint declaration in Rabat laying out the next steps for the completion of a gas pipeline deal that will be built onshore and offshore, Moroccan state news agency MAP said. The two countries agreed to the pipeline in December 2016 and launched feasibility studies ending with a plan
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
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
CNOOC Uganda takes oil and gas training to grassroots
In a bid to have locals gain employment in the oil and gas industry, China National Offshore Oil Corporation (CNOOC) has urged communities in Hoima to invest in education. The company, which is developing oil fields in Hoima, seeks to acquaint learners in the region with the oil and gas sector as a way of
LIBYA: NOC chairman Sanalla refuses to involve corporation in politics
Libya’s National Oil Corporation (NOC), Mustafa Sanalla, said that the NOC needs to remain independent from the country’s political struggles. He said that he categorically refused to allow the NOC to be used to settle any political issue. The NOC was constantly striving to achieve its national goals and to play its economic role to
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