Market News
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Kenya: Tullow, Africa Oil to Establish Pokot and Turkana Conservancies
Posted on :Friday , 30th October 2015
Tullow Oil and Africa Oil on Wednesday signed a five-year grant agreement with Turkana and Pokot communities that will establish six community-run conservancies.
Tullow Kenya Country Manager Martin Mbogo said the agreement is part of Tullow's commitment to ensure host communities enjoy long-lasting benefits from the oil and gas investment, while ensuring the investm. . .Turkey Expresses Desire to invest in Oil and gas fields in Sudan
Posted on :Friday , 30th October 2015
The Turkish State has expressed desire to invest in the fields of gas and oil in Sudan .
This came when the Minister of Oil and Gas, Dr . Mohammed Zaid Awad received, at his office, Wednesday, the Turkish Ambassador to Khartoum, describing the Sudanese-Turkish relations as progressing well, referring to the Turkish experience and technology in the fields of gas and oil .
The Ambas. . .FISCAL REVISIONS MAY UNLOCK SUB-SAHARA AFRICA’S 48 BILLION BARRELS OF DISCOVERED OIL
Posted on :Wednesday , 28th October 2015
Wood Mackenzie asserts that the oil price crash has accelerated the need for fiscal adjustments, as Sub Sahara African governments prepare to weather significant reductions in vital tax revenue. With no increase expected in production volumes, future revisions will need to strike the right risk and reward balance – incentivising investors to commercialise the continent’s vast untapp. . .
Newly constructed Dangote Petrochemicals refinery in Africa to start operation
Posted on :Tuesday , 27th October 2015
The Dangote Petrochemicals refinery in Nigeria will commence its operations by 2018 a senior manager has announced.
Speaking at a press briefing during his tour at the plant site at Lekki Free Trade, Kelkar said that the construction work on the project is expected to be completed by 2017 adding that live streaming will kick off by 2018.Invest Energy Resources in Development Capacity
Posted on :Monday , 26th October 2015
President Yoweri Museveni has said that as the petroleum, gas and oil resources are finite and not renewable, the money that accrues from that energy sources should not be squandered but rather be invested in durable areas to build the country’s infrastructure needs and further develop capacity of the country.
Speaking at the ceremony of the inauguration of the Board of Dir. . .Please Select an Option
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