AfrOil - Africa Oil & Gas
Nigerian refining on track for comeback
Nigeria’s refining sector is set to see a comeback this December, with two large plants due to be operational soon
Perenco opens Batanga LPG plant in Gabon
Perenco Oil & Gas Gabon (POGG) has achieved a significant milestone with the opening of its Batanga Liquefied Petroleum Gas (LPG) plant, marking the second phase of a $50mn major gas development project in the West African country.
Egypt’s oil champion signs deal with Saudi ADES Holding to enhance production at oil brownfields
Saudi Arabia’s ADES Holding has signed a service contract agreement with the Egyptian General Petroleum Corporation (EGPC) to operate and enhance production in key oil brownfields in Egypt.
COP28: vague and voluntary promises
To say that COP28 in Dubai has been eagerly awaited would be an understatement.
Algeria's gas production to rise by 4 bcm in 2024, says energy minister
Algeria's gas production is expected to rise 4bn cubic metres in 2024 on the back of the new fields starting operations, Energy Minister Mohamed Arkab said in a statement. The increased production will help reinforce exports to Europe.
South Africa contracts US-sanctioned Russian bank Gazprombank to revive gas refinery
South Africa has picked Russian state-owned bank Gazprombank to help its national oil company PetroSA revive a gas-to-liquids plant, a deal reportedly worth about $265mn.
Niger set to make leap into oil exports with new pipeline project to Benin
Niger is on the verge of a significant milestone as it prepares to kickstart its crude oil exports via a newly established pipeline linking the country to Benin.
Kenya at risk of below value sale of state entities
Nigeria's new Dangote oil refinery projected to generate $27bn annually
The refinery, built by the Dangote Group, has a daily processing capacity of 650,000 barrels per day and will initially refine 350,000 bpd. Inaugurated in May, it is set to begin operations in December.
Nigeria’s $20bn Dangote oil refinery receives first crude shipment
Libya plans to raise crude production by 100,000 bpd in 2024
Libya’s National Oil Corporation plans to increase its crude output by 100,000 barrels per day (bpd) in 2024, its head, Farhat Bengdara, told The National. Higher production gives NOC a chance to replace reduced crude supplies from other places.
Energean signs $110mn deal with Chariot to co-develop two offshore licences in Morocco
London-based Energean signed partnership agreements worth around $110mn (€102.2mn) with energy group Chariot to support operations of two offshore licences in Morocco, according to a statement over the weekend.
AfrOil: Shell allots $5bn to Bonga North
Shell pledges $5bn for Nigeria’s Bonga North deep-water project
The commitment was announced during a meeting between President Bola Tinubu and Shell Group's leadership, led by Global Integrated Gas and Upstream director Zoe Yujnovich, on December 7.
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