Market News
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Kenya Confident Agreed East Africa Oil Export Pipeline Route Will Hold
Posted on :Tuesday , 22nd September 2015
Kenya is optimistic that a route agreed by Presidents Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni will carry the day despite opposition from holders of blocks in the Albertine basin.
According to commissioner of petroleum at the Ministry of Energy Martin Heya Kenya is working on fulfilling various requirements such as guarantees to security, route optimization and . . .Uganda Official says could pick Tanzania over Kenya for Oil Pipeline
Posted on :Monday , 21st September 2015
Uganda’s government is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives, an official said on Wednesday, even though the Ugandan president indicated last month that a route through Kenya had been picked.
Ugandan President Yoweri Museveni and Kenya’s Uhuru Kenyatta made a joint call in August to implement a pipeline proj. . .Chinese Company to invest in East Africa\'s Gas extraction
Posted on :Wednesday , 16th September 2015
A Chinese company engaged in natural oil gas exploration with a capital of five billion USD in Ethiopia is expected to produce 40 billion gallon gas after three years.
President Dr Mulatu Teshome held talks with Chinese Poly Technology Company Vice President Huang Geming at the National Palace yesterday.President Mulatu said the. . .Kenya signs China nuclear power deal
Posted on :Friday , 11th September 2015
Kenya has signed a deal with China as part of the east African nation's plans to have a nuclear power station by 2025, the Kenya Nuclear Electricity Board (KNEB) said Thursday.
Kenya plans to set up its a first nuclear power plant with a capacity of 1000 MW by 2025, the board said, with ambitions to boost that to 4000 MW by 2033, and to make nuclear electricit. . .Libya Oil to Expand Its Investment in East Africa
Posted on :Friday , 11th September 2015
Libya Oil Ethiopia Limited, a subsidiary company of the Libya Oil Holdings Ltd, is to expand its investment and business in Ethiopia.
Two weeks ago the corporate management of Libya Oil Holdings held a week long meeting at Hilton Addis Ababa. The senior management team members came from the headquarters of the company, which is based in Dubai, UAE. Eighteen co. . .Please Select an Option
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