Market News
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Kenya Pipeline Company in Plans to Acquire Mombasa Refinery
Posted on :Monday , 18th July 2016
The Kenya Pipeline Company (KPC) is searching for a consultant to help it assess the viability of the Mombasa Oil Refinery ahead of a planned acquisition.
KPC had also earlier hinted to plans to convert the refinery into an oil storage facility as the government gears up for commercial oil production in 2017."Kenya Pipeline Compa. . .East Africa: Kenya, Ethiopia Ink Crude Oil Pipeline Deal
Posted on :Thursday , 30th June 2016
Ethiopia signed an oil pipeline deal with Kenya on June 23, 2016, during an official visit by Prime Minister Hailemariam Desalegn to the neighbouring country. Kenya's President, Uhuru Kenyatta and the visiting PM signed the agreement to construct a crude pipeline from a coastal town Lamu, to Addis Abeba, Ethiopia.
This project aims to integrate the efforts of the tw. . .East Africa: Total Mulls Acquisition of GAPCO
Posted on :Wednesday , 8th June 2016
Dar es Salaam — A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya Uganda and Tanzania. The transaction is subject to the authorities' approval in the three countries.
A communiqué issued by the company of which this paper has a copy . . .Nigeria: Shell Increases Gas Production in Eastern Niger Delta
Posted on :Wednesday , 30th March 2016
Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture has announced that more gas is being produced from Agbada field in the Eastern Niger Delta in support of federal government's aspiration of increasing domestic gas production for manufacturing and power generation.
This development is coming at a time Nigeria's power supply has dropped signi. . .Nigeria: Six Percent Rise in Oil Prices As Producers Agree to Cooperate
Posted on :Monday , 21st March 2016
Oil prices jumped by almost six per cent on Thursday thus erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze.
United States crude settled up $2.12, or 5.8 per cent, at $38.46 a barrel, after falling by five per cent in the past two sessions.Brent crude finished up $1. . .Please Select an Option
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