Market News
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More oil refineries in Africa to be constructed
Posted on :Tuesday , 12th January 2016
More oil refineries in Africa to be constructed as part of the government efforts to ensure that the country refines substantial volume of its fuel demands, Dr. Ibe Kachikwu, the State Minister for Petroleum Resources has announced.
The minister was speaking during an interactive session with the members of the National Assembly in Abuja. Where he further said. . .Nigeria: Ipman Partners UK Firm to Build Two Refineries in Plateau
Posted on :Tuesday , 5th January 2016
Jos and Daniel Adugbo, Abuja — The Independent Petroleum Marketers Association of Nigerian (IPMAN) has concluded arrangement with two British oil companies to build two modular refineries in Plateau State.
The National Secretary of PMAN, Alhaji Danladi Pasali, who disclosed this to newsmen yesterday in Jos, said the decision was taken following the return of p. . .East Africa to Focus On Gas, Oil Finds
Posted on :Tuesday , 29th December 2015
Major gas discoveries in Tanzania and prospects for oil find will be among topics for discussion during the fourth East African Oil and Gas Summit slated for February 10 to 12 in Nairobi.
Also on agenda is the recent discover of over 100 metres of net oil play in northern Kenya by Tullow Oil and its partner Africa Oil Corp. The oil find at Etom-2 well near Lake Turk. . .Zambia: Bio-Refinery Welcome Development
Posted on :Saturday , 26th December 2015
The construction of Zambia's first bio-refinery to cater for 20 per cent of the country's petroleum requirements has come at the right time when the country is in dire need of cheaper energy to propel its economy.
We have, therefore, every reason to appreciate the development because of the multiplier effect that is associated with the project.Mozambique Sees Big Uptick in Gas Exports
Posted on :Tuesday , 22nd December 2015
At the opening the 1st Coordinating Council of the Ministry of Mineral Resources and Energy Mozambique’s Minister of Resources and Mining, Pedro Couto, revealed that the country’s natural gas exports had doubled in 2015 to approximately 115.4 million gigajoules.
Couto also revealed that production of natural gas had increased by 8% but added that the fall in prices on worl. . .Please Select an Option
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