Market News
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Oil Firm Puma Energy Expands Operations in Zimbabwe
Posted on :Tuesday , 15th March 2016
GLOBAL oil company Puma Energy, which has over the past few years aggresively pushed into the competitive Zimbabwean fuel market, plans to expand its operations further into sub-Saharan Africa as it seeks growth opportunities in the region.
Having entered the African market in 2002, Puma is now recognised as the fastest growing midstream and downstream oil provider . . .Kenya Maritime Authority: Maritime Policy To Boost Trade
Posted on :Monday , 14th March 2016
Kenya Maritime Authority (KMA) is implementing a maritime policy to boost investment in the sector. KMA, which regulates the maritime sector, noted that the policy would enable the agency address the recent discoveries and expected exploitation of offshore oil and gas. With the discoveries, this is expected to raise the volumes of cargo and put pressure on the development of ports and auxiliary. . .
New Reservoir discovery makes ‘Africa Oil’ stronger in Kenya Oil sector
Posted on :Friday , 11th March 2016
Africa Oil announced that the Etom-2 well in Block 13T in northern Kenya has discovered 102 metres of net oil pay.
The company in a press statement indicated that Oil samples, sidewall cores and wire line logging all indicate the presence of high API oil in the best quality reservoir encountered in the South Lokichar Basin to date.Additional prospectivity identified. . .OVERVIEW OF UGANDA’S 60,000 BARREL REFINERY PROJECT
Posted on :Thursday , 10th March 2016
The refinery project is the child of the National Oil and Gas Policy (2008) for Uganda (objective 4) which seeks to promote valuable utilisation of the country’s oil and gas resources through in-country refining of crude oil.
The project is guided by the a Refinery Development Programme (RDP) formulated by the Ministry of Energy and Mineral Development a. . .Uganda - Tanga Port Oil Pipeline Construction to Begin in August
Posted on :Thursday , 10th March 2016
Construction of the envisaged 4 billion US-dollar (about 8 trillion/-) pipeline to transport crude oil from Kabale in Uganda to Tanga Port is slated to commence in August, pending ongoing discussions between the two governments and investors.
The Managing Director of Tanzania Petroleum Development Corporation (TPDC), Dr James Mataragio, said the 24-inch conduit to c. . .Please Select an Option
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