Market News
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Kenya: Work begins on US$ 52m Nairobi pipeline terminal expansion
Posted on :Tuesday , 3rd February 2015
Kenya Pipeline Company’s (KPC)fuel terminal in Nairobi is set to undergo a US$ 52m expansion involving construction of a 450-kilometre pipeline to enable it hold extra petroleum products once the new Mombasa pipeline starts functioning in 2016. It will be completed within 24 months according to Jacinta Sekou, a KPC’s spokesperson.
The construction,. . .
Egypt engaged in talks on importing Israeli gas
Posted on :Monday , 2nd February 2015
Egypt is considering importing natural gas from Israel as a delegation from American oil firm Noble Energy has traveled to the North African country for talks over the issue, sources say.
“Negotiations are underway about the amount of gas that can be imported,” an Egyptian Oil Ministry source said on Sunday, adding the talks were about the technica. . .The West\'s baloney about China-Africa cooperation
Posted on :Monday , 2nd February 2015
challenges that is faces today," said Macharia. "The West has been in Africa for a long time but has never made development of Africa's infrastructure as a priority.""The Western nations only develop infrastructure in Africa that helped to ship Africa's resources to the West," said Dr. Gerishon Ikiara, lecturer of international economic. . .Low Oil Prices To Spur More M&As In Oil & Gas Sector
Posted on :Monday , 2nd February 2015
The oil and gas sector is set to see increased deal activity across the world as a result of low oil prices, the latest report from consulting firm AT Kearney showed.
The report said that mergers and acquisitions in the oil and gas sector showed strong growth in 2014 after a slow year in 2013.Meanwhile the fall in oil prices and. . .Kenya agrees on a 2.5 per cent stake in the planned Uganda oil refinery
Posted on :Saturday , 31st January 2015
Kenya has agreed to acquire 2.5 per cent of the upcoming Uganda oil refinery, in a deal estimated to cost the exchequer US$ 61m. Uganda, which has 6.5 billion barrels in reserves, hopes to complete the first phase of construction in 2018.
Energy and Petroleum PS Joseph Njoroge confirmed the news on Monday last week, pointing out that they had decided to consid. . .Please Select an Option
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