Market News
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Kenya Has a Billion Barrels of Oil That Might Not Be Going Anywhere
Posted on :Monday , 19th October 2015
Fidgety oil companies and investors heaved a sigh of relief in August when Kenya and Uganda announced they had picked a route for the world’s longest heated pipeline. Finally, there was a plan for getting the estimated 1 billion barrels in Kenya’s remote northwest out of the country.
The proposed route cut from northern Uganda’s Albertine region, into Kenya, thr. . .Nigeria\'s Crude Oil Production Increases By 34,000 Barrels Per Day
Posted on :Friday , 16th October 2015
Nigeria's crude oil production has increased by 34,000 barrels per day (bpd) from the 1.865 million bpd in the month of August to 1.9 mbpd in September, according to the latest report of the Organisation of Petroleum Exporting Countries (OPEC).
According to OPEC in the report released on Monday, total crude oil production from member countries increased by 0.11 mbpd to average 31.57 mbd. . .
Sudan, Algeria Agree to Cooperate in Areas of Oil and Gas
Posted on :Friday , 16th October 2015
Sudan and Algeria agreed to cooperate in areas of oil, gas, training and scientific research.
Minister of Oil and Gas, Dr Mohammed Zayed said during meeting his Algerian counterpart at the sideline of Al-Bashir-Boutaflika Summit that he forwarded a number of blocks in domains of oil, gas and development of fields, besides cooperation in areas of training a nd scientific research,. . .Uganda: Tanzania, Uganda to Explore Oil Pipeline Plan
Posted on :Thursday , 15th October 2015
TANZANIA and Uganda have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda's Ministry of Energy and Mineral Development said on Monday.
The Ugandan president, had indicated in August that a route through Kenya had been picked for its oil, but Uganda said last month it was still considering a pipeline th. . .Tanzania President Kikwete inaugurates new Mtwara gas project
Posted on :Wednesday , 14th October 2015
Tanzanian President Jakaya Kikwete has officially inaugurated a 535-kilometer Mtwara to Dar es Salaam gas pipeline built with a 1.225-billion-U.S.-dollar concessional loan from the Export-Import Bank of China.
The construction of the gas pipeline that transports natural gas from Tanzania’s southern region of Mtwara to the commercial capital Dar es Salaam start. . .Please Select an Option
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