Market News
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Kenya: Investors Eye Turkana\'s Looming Oil Boom
Posted on :Thursday , 6th November 2014
Property developers, local and foreign, are carrying out surveys on investment opportunities in Turkana county with an eye on the boom expected when production of oil begins.Turkana county government says it has been approached with enquiries on how to go about investing in the region and e. . .Nigeria: As Lagos Joins Oil Producing States
Posted on :Thursday , 6th November 2014
THAT Lagos State is on the verge of becoming a member of Nigeria's oil producing states by 2015 is good news. The state's government has been undoubtedly progressive and visionary, hence the enabling environment it has created to make this possible is hardly surprising. This new-found status, therefore, is now a clarion call on other states to rise up to the . . .Egypt and Saudi sign a US$350m oil, power deal
Posted on :Wednesday , 5th November 2014
Egypt has signed a $350 million worth of financing agreements with Saudi Arabia to upgrade the former’s power grid and secure imports of petroleum products.
Egypt has been facing the worst energy crisis in decades and the government has been struggling to even supply enough gas to the power stations.The Arab world’s . . .Egypt: No agreement reached for LNG arrivals by end of 2014
Posted on :Tuesday , 4th November 2014
The government has not reached a final agreement with any of the foreign companies on the importing of liquefied natural gas (LNG) for power plants over the next year.
The delay will lead to the much needed LNG shipments not arriving in December as originally planned, despite current official claims.A Ministry of Petroleum official said an agreement previously signe. . .Mozambique: Government Launches Tender for Provision of Areas for Exploration and Production of Oil
Posted on :Saturday , 1st November 2014
Maputo — On Oct. 23, the government of Mozambique launched a tender constituting the fifth concession of areas for exploration and production of oil in the marine part of the Rovuma Basin, Angoche, Delta of Zambézia, around the concession of Pande-Temane and Palmeira in the Mozambique Basin. The tender was launched in Maputo and London.A total of 15 blocks, totalling. . .Please Select an Option
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