Market News
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Liberia: LPRC, Commerce Drop Petroleum Prices Again
Posted on :Thursday , 2nd October 2014
Monrovia — The Ministry of Commerce and Industry, in close consultation with the management of the Liberia Petroleum Refining Company, (LPRC) has announced that there will be reductions in the pump prices of gasoline (PMS) and fuel oil (AGO) by twelve (12) cents and fifteen (15) cents respectively, according to an LPRC release.
This means, the wholesale . . .Nigeria: Gas Marketers Decry Hike in LPG Price
Posted on :Wednesday , 1st October 2014
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has decried the hike in price of Liquefied Petroleum Gas (LPG) just as it urged the federal government to stop Algasco LPG Services from increasing the price of cooking gas.Mr Basil Ogbuanu, the President of NALPGAM, who made the appeal while speaking with . . ..jpg)
Nigeria: Camac Buoyant At Local Oil Prospects
Posted on :Wednesday , 1st October 2014
Lagos — CAMAC Energy, the United States firm, announced an updated independent assessment of the company's prospective resources for four offshore Nigeria prospects has increased the company's unrisked P50 recoverable resources from 537 million barrels of oil (MMbbl) to 2 377 MMbbl.The prospects are located within Oil Min. . .Africa: Nigeria, Libya Threatened As More African Countries See Oil Boom
Posted on :Wednesday , 1st October 2014
Nigeria could face threats of being overtaken by other producers if the World Bank's proposed African Gas Initiative in Angola, Cameroon, Congo, Gabon and Cote d'Ivoire, continues to go forward.
Though the African reserves are currently dominated by Nigeria, Algeria and Libya, which collectively accounted for almost 72 percent of the region's reserves in 2013,. . .Angola s liquefied natural gas plant to be reconstructed
Posted on :Tuesday , 30th September 2014
Angola’s liquefied natural gas plant faces a long closure for reconstruction to fix design flaws and corrosion in the new plant. This renovation will result to an addition USD I.07bn to the cost of the whole project.
Some of the investors in the 300km project at the natural gas plant situated in at the Atlantic Coast North of Luanda include Chevron, who . . .Please Select an Option
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