Market News
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East Africa: Households, Industries to Get Natural Gas Connections
Posted on :Tuesday , 18th October 2016
Since sometime in 2012 or earlier than that, there were reports of the government's move to supply natural gas to homes--with a pilot project to connect homes in Mikocheni and international hotels.
The move was followed by inauguration of a distribution pipelines connecting homes and the hotels, raising new hopes of accessing the crucial energy more cheaply.. . ..jpg)
Ethiopian government to set up petroleum and mineral exploration corporation
Posted on :Tuesday , 18th October 2016
The Ethiopian government is finalizing plans of setting up a giant corporation that will be involved in exploration, development and trading of petroleum, the exploration and development of minerals and the development of bio- fuel dubbed Ethiopian Minerals, Petroleum and Bio-Fuel Corporation with an authorized capital of $675 million.
The giant corporat. . .Tullow Oil to haul oil in Kenya
Posted on :Saturday , 15th October 2016
Tullow Oil’s Kenyan unit has said it is seeking trucking companies to transport crude from northwestern fields to the port city of Mombasa as the East African nation rushes to export its first oil by mid-2017.
The work will involve the trucking of crude in insulated containers from a production facility near Lokichar, Turkana county, to storage facilitie. . .State to upgrade crude oil refi nery for exports
Posted on :Tuesday , 11th October 2016
The government plans to spend up to Sh1.5 billion to modify the dormant petroleum refinery in Mombasa to handle waxy crude oil from Lokichar Basin for export from next June.
Petroleum Principal Secretary Andrew Kamau on Friday said the cash will be used to instal heating equipment among other things at the Kenya Petroleum Refineries, which has been idle since . . .Hashi Energy lands Sh14 billion supplies deal from Dubai venture firm
Posted on :Thursday , 6th October 2016
Hashi Energy Holdings has inked a lucrative Sh14.18 billion ($140 Million) partnership deal with Dubai's business group S.S. Lootah International.
It is targeting deals in supply of food and petrol, logistics and infrastructure in East and Central Africa.Under the agreement, the two firms will collaborate to supply the United Na. . .Please Select an Option
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