AfrOil - Africa Oil & Gas
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
Trouble looming in Libya
NOC’s chairman warns of risks to Libya's export terminals’ storage facilities, as Egyptian-Greek maritime accord steps up territorial disputes.
Ugandan refinery construction likely to be postponed again
Uganda’s plan for building a refinery to process crude oil from fields near Lake Albert is likely to face further delays.
Invictus Energy makes progress towards agreement on Zimbabwean project
Australia’s Invictus Energy is moving closer to striking a deal for the exploration and development of a block known as Special Grant 4571 in Zimbabwe.
Somalia launches first offshore bidding round
Somalia’s government has launched its first offshore licensing round and is reportedly planning to wrap up the auctions early next year.
Afreximbank commits $400mn to Mozambique LNG
The African Export-Import Bank (Afreximbank) is to commit up to $400mn in guarantees and direct lending to support the Area 1 LNG Project in Mozambique.
Kenya reports more delays for lake shipments of fuel to Uganda
Kenya Pipeline Co. (KPC) has said it does not expect to begin deliveries of petroleum products to Uganda via port facilities in Kisumu on schedule in January 2021.
Nigeria’s next step
Nigeria has reiterated its pledges to remain in compliance with OPEC+ production quotas, but it is likely to keep up its long-standing habit of quota-busting.
Pertamina said to be in talks with Occidental on African assets
The US major Occidental Petroleum (Oxy) is reported to be in talks with Pertamina, Indonesia’s national oil company (NOC), regarding the potential sale of oil and gas assets in Ghana, Algeria and the UAE.
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