Market News
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Tanzania, Uganda Agree Construction of New Oil Pipeline
Posted on :Friday , 4th March 2016
Tanzania and Uganda have agreed to construct a 1,120km long oil pipeline, in a project estimated to create more than 15,000 jobs.
The agreement follows talks between the President of the United Republic of Tanzania, Mr John Pombe Magufuli and the President of the Republic of Uganda, Mr Yoweri Museveni, which were held on Tuesday evening in Arusha.. . .SacOil Signs Agreement for Gas Pipeline From Mozambique to Gauteng
Posted on :Friday , 4th March 2016
SacOil has signed a cooperation agreement that will result in the construction of an estimated $6bn, 2 600km, large-diameter pipeline to transport natural gas from Mozambique's Rovuma Basin to Gauteng.
Part of the consortium entering the deal with SacOil is the China Petroleum Pipeline Bureau, a Chinese and international pipeline construction company.&n. . .Eni gets approval for floating LNG Plant in Mozambique
Posted on :Thursday , 25th February 2016
Italy's Eni said on Wednesday it has won approval from the Mozambique government to build its planned Coral floating liquefied natural gas plant.
The company, which aims to sell all the LNG from the plant to British oil company BP, is expected to make a final investment decision this year but has now overcome one of the biggest hurdles.Kenya Among Most Promising Merger Markets in Africa
Posted on :Thursday , 25th February 2016
Kenya is among the most attractive target countries for merger and acquisition activity in Africa according to a new report by a business risk consultancy.
Control Risks also names South Africa and Nigeria as other top countries in the continent where investors want to put their money.The report was produced after a survey that involv. . .Quantum Power to construct gas storage facility in Africa
Posted on :Monday , 15th February 2016
Quantum Power and Ghana National Petroleum Corporation (GNPC) have signed an agreement for the construction and operation of the Liquefied Natural Gas storage facility in Ghana. The facility will be constructed at Tema.
The Tema LNG project will receive, store, regasify and deliver, about 3.40 million tons of LNG per annum. The delivery will be equivalent to 5. . .Please Select an Option
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