Market News
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Italian Exports to Ghana up 30%
Posted on :Thursday , 10th December 2015
Italian exports to Ghana increased by 30 percent in the first eight months of 2015, compared to the same period last year, Italy’s Vice Minister, Ministry of Economic Development, Carlo Calenda has said.
“In 2014, Italian exports to Ghana amounted to 160 million euros.
“In the first eight months of 2015, these grew by 30 percent over the previous . . .FG Proposes N6 Trillion Budget for 2016, Sets U.S.$38 a Barrel Oil Benchmark
Posted on :Thursday , 10th December 2015
The Federal Government has proposed a budget estimate of N6 trillion for 2016 with $38 per barrel crude oil price benchmark.
This was the outcome of a three-hour emergency meeting of the Federal Executive Council (FEC) chaired by President Muhammadu Buhari today.Addressing State House correspondents after the meeting, Budget and Natio. . .Egypt: Petroleum Min. Witnesses Signing 2 Deals for Oil, Gas Exploration
Posted on :Thursday , 10th December 2015
Minister of Petroleum and Mineral Wealth Tarek el-Mollah witnessed on Monday 7/12/2015 the signing of two agreements for gas and oil exploration in the Suez Gulf region and Western desert.
The first agreement was signed with Tunisia's HPS Company with investments amounting to $9 million and signing grant of $1 million in Halif district in Egypt's western desert to d. . .MOZAMBIQUE IN $210 MILLION GAS PIPELINE EXPANSION TO INCREASE CAPACITY
Posted on :Wednesday , 9th December 2015
ROMPCO the Republic of Mozambique Pipeline Investments Company has said it will expand the capacity of the existing 865 km of gas pipeline from the Central Processing Facility (CPF) at Temane in Mozambique to Secunda in South Africa.
The project involves the installation of a pipeline parallel to the existing pipeline, from scraper station 1 (STS1), which is about 128 km fr. . .East Africa’s Potential Whets Energy Investors’ Appetites
Posted on :Monday , 7th December 2015
Africa’s appetite for gasoil and petrol is expected to climb by as much as 8 per cent, while demand for liquefied petroleum gas (LPG) has hit double digits. The continent’s expanding home-grown energy supply will help to satisfy some of the burgeoning demand, in a process that is creating opportunities for investors, especially in East Africa.
Africa produced 8.2 mill. . .Please Select an Option
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