Blog - Page 105 of 123 - Ibe Kachikwu

7th August 2020

Mozambique: Afrexim to Fund LNG Project with $400 million

The African Export-Import Bank (Afreximbank) is aiding the financing of Mozambique's Area 1 Liquefied Natural Gas (LNG) project through guarantees and direct lending of up to $400 million. The $24...

7th August 2020

Egypt: Government to Triple Natural Gas Filling Stations, Promote Dualisation of Car Engines

The Egyptian government has announced its plans to triple the number of gas filling stations in the country from 190 to 556 in 2020. Earlier this year, President Abdel Fatah...

6th August 2020

Senegal: Renewable Energy Production Equipment Exempted from VAT

The Ministry of Oil and Energy Senegal has excluded equipment used for the production of renewable energies from its Value Added Tax (VAT) in a bid to improve access to...

6th August 2020

Zimbabwe: Invictus Energy gives Cabora Bassa Project Update

Invictus Energy has provided an update on the company's activities so far this year including the latest on the Cabora Bassa Project in Zimbabwe. The company announced it has received...

6th August 2020

Nigeria: NNPC Releases Monthly Financial Operations Report for May 2020

The Nigerian National Petroleum Corporation (NNPC) has released its Monthly Financial Operations Report (MFOR) for May 2020. In the report, it showed that 37 pipeline points were vandalised in May...

5th August 2020

Oil Prices Rise Above $45/barrel For The First Time Since March

The price of Brent rose to a five-month high above $45 a barrel. This comes after a United States industry data showed a decline in the nation's stockpiles. This also...

5th August 2020

Somalia: Petroleum Ministry Set up Somali Petroleum Authority

Somalia has set up the Somali Petroleum Authority, tasked with the regulation of the development of the oil sector as the country opens its first-ever licensing rounds. The country launched...

5th August 2020

Nigeria: PTDF, NCDMB, Shell & Bayelsa State to Fund Oil and Gas Museum Research Center in Oloibiri

The Federal Government of Nigeria plans to establish an Oil and Gas Museum and Research Center (OGMRC) in Oloibiri, Bayelsa State. Oil was first discovered in Nigeria by Shell in...

4th August 2020

Senegal: Lukoil to Acquire Assets of Cairn Energy Including a Share of Sangomar

Russian multinational company, Lukoil, has reached an agreement with a leading independent oil and gas exploration and development company, Cairn Energy, to purchase the company's assets in Senegal which includes...

4th August 2020

Sierra Leone Appoints Minister of Mines and Mineral Resources

Musa Timothy Kabba and Mrs Ann Marie Harding have been appointed Minister and Deputy Minister of Mines and Mineral Resources of the Republic of Sierra Leone, respectively. The young vibrant...