Market News
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Oil and gas boom in East Africa countries promises riches
Posted on :Saturday , 27th June 2015
The East African region is emerging as one of the most prolific oil and gas exploration sites in the world. Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique that have recently made discoveries, have the potential to fundamentally transform their economies through investments in road, rail, power and industrial infrastructure.
“Over and . . .EAST AFRICAN OIL & GAS DISCOVERIES STIR GLOBAL EXPLORER INTEREST
Posted on :Saturday , 27th June 2015
Oil discoveries in Uganda and Kenya have also added to the excitement in the sector as new players look to enter these markets, including some of the largest independent and international oil companies, “ Harley, president of DHL Energy Sector noted.
He added that, while Angola and Nigeria have always been the most notable producers within the sub-Sahara. . .Rwanda: City Authority Orders NIRDA to Relocate Bio-Diesel Plant
Posted on :Saturday , 27th June 2015
The city of Kigali has instructed the National Industrial Research and Development Agency (NIRDA) to relocate Rwanda's bio-diesel project at Mulindi.
In a letter to NIRDA director general Dr Joseph Mungarulire dated May 4, the city authority says the plant located in Nyarugunga sector, Kicukiro District occupies an area designated for residential houses as per. . .Boskalis wins Angola LNG dredging contract
Posted on :Friday , 26th June 2015
Royal Boskalis Westminster N.V. has announced that it been awarded three dredging-related contracts on the African subcontinent. The contracts have a combined value of approximately €75 million.
One of these contracts was awarded by Angola LNG Ltd. It covers dredging activities related to maintaining the access channel and turning basins of the Soyo LNG p. . .
Uganda Prime Minister ask investors for cooperation in development of Oil Sector
Posted on :Friday , 26th June 2015
Uganda Prime Minister Dr. Ruhakana Rugunda asked investors and major stakeholders in the country’s Oil and gas sector to work together in order to expedite the development of the sector.
The Premier made the remarks at the joint meeting of the Policy Coordination Committee and the Oil and gas Technical working group.The two Policy implementation Teams in Uganda&rsqu. . .Please Select an Option
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