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Hungary 'to continue to oppose EU sanctions on Russian oil'
Zoltan Kovacs, Hungary’s State Secretary for International Communications, says Budapest remains opposed to proposals to ban the import of Russian crude oil and natural gas into the EU.
Bank reportedly bars Litasco from trading oil derivatives
Geneva-based Litasco, the trading arm of Russia’s largest privately owned crude producer Lukoil, has reportedly lost much of its access to global oil derivatives markets.
NOC temporarily resumes work at Zueitina terminal following force majeure
Libya’s National Oil Corp. (NOC) reported on Sunday (May 1) that it had been able to recommence work at the Zueitina export terminal following a declaration of force majeure, at least on a temporary basis.
QatarEnergy awards final NFE EPC contract
Zimbabwe president assures energy security
Sungara, Afentra reveal details of acquisition of Sonangol stakes
As Angola’s national oil company Sonangol continues to move forward with the partial sale of its equity holdings in six offshore blocks, two of the purchasers are revealing details of the deals.
Galp reportedly mulling sale of upstream assets in Angola
Galp (Portugal) is considering the possibility of unloading its upstream assets in Angola, Bloomberg reported on Friday, April 29.
ReconAfrica, NAMCOR extend deadline for deal on Kavango basin stake purchase
ReconAfrica and NAMCOR have pushed the end date of their letter of intent (LoI) on the sale of part of the latter’s stake in an onshore licence area in the Kavango basin back to June 6, 2022.
MiDA hands over 52MVA power substation to University of Ghana
The UGMC Primary Substation was one of many infrastructural assets forming part of the ECG Financial and Operational Turnaround (EFOT) Project.
President announces 12% minimum wage increase for Kenyan workers
President Uhuru Kenyatta has announced a minimum wage increase of 12%, effective May 1, to cushion Kenyan workers against erosion of purchasing power.
Jagdeo offers more information on government’s plans for unassigned blocks
Guyana’s Vice President Bharrat Jagdeo offered some additional details about the government’s plans for unassigned exploration blocks during a press conference on April 29.
Kenya’s government notes fuel shortages, attempts to mitigate concerns
Demand for petroleum products in western Kenya has increased as a result of transit consumers preferring to fuel locally due to price differential with neighbouring countries.
Aliyev: TAP pipeline to reach full capacity in 2022, could double later
Ilham Aliyev, the president of Azerbaijan, said on Friday, April 29 that the Trans Adriatic Pipeline (TAP) was on track to reach full capacity this year and would deliver 10bn cubic metres of natural gas to Italy.
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