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Afrexim and AEICORP Sign Agreement to Grow the African Energy Sector

The African Export-Import Bank (Afreximbank) and Africa Energy Investment Corporation (AEICORP) has signed a preliminary framework agreement that was brokered by Egypt to enhance the energy sector in Africa. The...
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NNPC Launches Bid for PHRC ‘Engineering, Procurement and Construction’ Phase

The Nigerian National Petroleum Corporation (NNPC) has opened bids for the Engineering, Procurement and Construction (EPC) phase of the Port Harcourt Refining Company (PHRC). The e-launch had the Bureau of...
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Sasol to Divest Interest in Gemini JV to INEOS; Eni to Resume Libyan Operations

Sasol has agreed principle terms with its partner in the Gemini high-density polyethylene joint venture, INEOS, to sell 50% of its interest for $404 million. The transaction is to close...
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TechnipFMC Starts Work on new Hydrocracking Complex in Egypt

TechnipFMC has completed the remaining conditions that are required to enable work to commence on the Engineering, Procurement and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for...
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Sudan Owes $3 billion Oil debt to China, India and Malaysia

The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...
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Tullow Oil to Expand its Ghanaian Business; Cameroon Issues Call for Tenders

Tullow Oil announces it aims to generate around $7 billion in profits over the next ten years by expanding its Ghanaian business. Although it currently has significant debt since 2019,...
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Eco Atlantic Oil & Gas Renegotiates Four Namibian Petroleum Exploration Licenses

Eco Atlantic Oil & Gas has negotiated the re-issuance of a new 10-year life cycle for its four licenses in the Walvis Basin, Offshore Namibia, subject to the final government...
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Algeria’s Gas Exports to Drop by 4.7% in 2020

The country with the world's tenth-largest proven reserves of natural gas and the world's sixth-largest gas exporter, Algeria, will record a fall of 4.7% of its gas exports for 2020....
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AfDB Grants $1 million to Uganda and Tanzania and EACOP

The African Development Bank (AfDB) has granted $1 million to the East African Crude Oil Pipeline (EACOP) project. Half of the total amount is for Uganda while the other is...
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State-owned Oil Refineries were Intentionally Shut Down – NNPC GMD

Appearing before the House of Representatives of Nigeria's Committee on Petroleum Upstream on Thursday, 26th November 2020, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari,...
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