Ghana’s President pushes for more indigenous involvement in development of oil, gas resources

Aug 7, 2020

President Nana Addo Dankwa Akufo-Addo has stressed the need for the country to take charge of its petroleum sector, with more Ghanaians directly involved in the process of developing the oil and gas resources. Although Ghana is making steady progress in the local content in the petroleum sector, the development of Ghana’s oil and gas…

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Gas tensions ramp up in East Med as Greece, Egypt sign sea border deal

Aug 7, 2020

Tensions in the gas-rich East Mediterranean continue to ratchet up following an agreement signed Aug. 6 between Greece and Egypt on the delimitation of the maritime zones between the two countries. The agreement — details of which were not disclosed — follows a controversial memorandum of understanding between Turkey and Libya in late 2019 to…

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Six-day fuel queues build as Port Sudan runs on empty

Aug 7, 2020

Owners of minibuses in Port Sudan now endure queues of up to six days at filling stations, as the chronic fuel shortage in the city deepens. The head of the Minibus Drivers Union, Mohamed Obashar, told Radio Dabanga that the Red Sea state Economic Committee as a failure. He called on the new governor to…

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Rehabilitated Nanyuki Rail expected to reduce fuel costs for Kenyans

Aug 7, 2020

Kenyans living in Mount Kenya and Northern regions will now benefit from a cheaper and safer fuel after the refurbishment of Nairobi-Nanyuki railway line which will provide a cheaper and safer way to transport fuel to those areas. Petroleum Principal Secretary Andrew Kamau, during a familiarizationtour of the railway line noted that it is cheaper…

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Egypt to triple natural gas stations as it converts 1.8m vehicles

Aug 6, 2020

The Egyptian government plans to triple the number of natural gas filling stations in the country from 190 to 556 in 2020. It is part of the five-year national programme, announced earlier this year, to convert 1.8Million cars to run on both natural gas and gasoline. Ultimately, President Abdel Fatah el-Sisi has said, Vehice licencing…

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Afreximbank commits $400m to Mozambique’s LNG project

Aug 6, 2020

The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is set to be the largest…

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Somalia to announce winners of first licensing round in Q1 2021

Aug 6, 2020

Somalia will reportedly announce the winners of its first oil and gas licensing round in early 2021 and use its proceeds to rebuild the country’s economy. To remind, Somalia is offering seven deepwater offshore blocks in its maiden licensing round in one of the world’s last frontier markets with the oil and gas auction officially…

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Chevron makes further African inroads with entry into Equatorial Guinea, Cameroon

Aug 6, 2020

After acquiring Noble Energy for $13bn last month, American oil major Chevron charting a path into Central Africa through Equatorial Guinea’s oil and gas sector, where Noble Energy has interests in the three producing fields. These assets in Equatorial Guinea represent 94 million barrels of oil equivalent of proved developed reserves and 38 million barrels…

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Libya’s oil exports set to drop further as ports blockade persists

Aug 5, 2020

Libya plans to export just 1.2 million barrels in August, down almost 40% from July, as most of the OPEC member’s oil facilities remain shut amid a civil war. The Bouri and Farwah terminals will each ship one cargo of 600,000 barrels, according to an initial loading program seen by Bloomberg. Both terminals lie offshore…

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Egypt’s GPC sees record oil production

Aug 5, 2020

The General Petroleum Company (GPC) of Egypt has achieved a production record of 62,000 barrels per day (bpd) for the first time ever since its establishment in 1957, according to a statement by the Ministry of Petroleum. The Ministry attributes the new production record to the successful work program implemented in various oil fields in…

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