AfrOil - Africa Oil & Gas
Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.
Tullow Oil (UK/Ireland) has indicated that it remains optimistic about its projects in Africa despite the challenges posed by the coronavirus pandemic and lower crude oil prices.
Ola Energy, a Kenyan fuel marketing company formerly known as OiLibya, has taken legal action against the Ugandan Revenue Authority (URA) to protest against the latter’s demand for payment of import taxes.
Dayo Adeshina, the programme manager of the Nigerian federal government’s National LPG Expansion Plan (NLPGEP), has said that the country cannot push domestic LPG consumption up to targeted levels unless it invests more than $6bn in infrastructure.
Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.
Tanzania’s Energy and Water Utilities Regulatory Authority (EWURA) has indicated that it does not expect domestic petroleum product markets to suffer any disruptions as a result of the coronavirus outbreak.
The head of Mozambique’s state petroleum import agency IMOPETRO has said that the country is not likely to experience any fuel shortages as a result of the coronavirus pandemic.
UK-listed Energean Oil & Gas has agreed to exclude Algerian assets from the deal that will see it take control of a subsidiary of Italy’s Edison.
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
The Saudi-led oil glut leaves the energy transition and decarbonisation efforts hanging in the balance
The coronavirus outbreak is putting pressure on Uganda’s fuel market, and Kenyan tax claims have the potential to make the situation worse.