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The Group Managing Director of NNPC, Maikanti Baru (photo) has announced that the country’s oil and gas reserves which had fallen at the height of militant attacks on infrastructures has increased. The nation’s crude oil reserves, which had plummeted to 28.2 billion barrels has now risen back to 37 billion barrels. Nigeria now boasts of oil reserves of 37 billion barrels, a figure...
Oryx Energies has completed the construction of a new Liquefied Petroleum Gas (LPG) cylinder filling and storage depot in Dodoma, marking the end of a key phase of investment in new and upgraded LPG facilities across the country over the past 18 months. The choice of Dodoma coincides with the Government’s recent decision to move all Ministries from Dar es Salaam to the country’s...
Egypt’s Oil Minister, Tarek El Molla (photo), has announced that the country has terminated its tender to hire a third liquefied natural gas import (LNG) regasification terminal as it is no longer needed. “The tender to rent a third regasification terminal was cancelled due to a lack of need for it and until we reassess the gas production capacity of Egypt and the consumption levels over the...
Höegh LNG has announced the signing of a Floating Storage Regasification Unit (FSRU) contract with Quantum Power Ghana Gas Limited (QPGGL) for the Tema LNG import terminal located near Accra in Ghana. The Tema LNG project, which is supported by national oil and gas company Ghana National Petroleum Corporation (GNPC), is the first such project to be executed in sub-Saharan Africa, according to...
A consortium CI-GNL, headed by Total, has been granted rights by the Ivorian Government to construct and operate a liquefied natural gas (LNG) re-gasification terminal with a capacity of 3 million tons per year in the country. The decision, which was made known by the Government on October 4th, was followed by the signature of the shareholders’ agreement in Abidjan between Total, PetroCI, CI...
Azerbaijan’s state oil company, SOCAR, has announced that it is currently thinking of the possibility of constructing an oil terminal in Cotonou, Benin. This was declared during a visit by the Azerbaijani delegation led by the country’s Energy Minister Natig Aliyev to Burkina Faso and Benin in response to the call of the countries’ governments. During the meetings, the sides discussed...
Libya’s largest oil export terminal, Es Sider is expected to be re-opened by next week as renovation work is almost complete, a National Oil Corp. official revealed on Tuesday.According to the unnamed official, tankers may be able to load from the port for the first time since 2014. The Es Sider port has not exported crude since a force majeure, was declared on loadings almost two years...
Techno Oil Limited has signed a multi-million naira contract with Cakasa Nigeria Limited to build a 12,000 metric tonnes automated Liquefied Petroleum Gas (LPG) terminal in Lagos State. According to the Managing Director of Techno Gas and Power, Collins Onyeama, the project was part of moves to increase the use of LPG also known as cooking gas, as a source of domestic fuel by many households in...
Ivory Coast has signed a partnership deal to create a group led by Total for the construction of a liquefied natural gas (LNG) import terminal to start receiving gas shipments by mid-2018. The consortium will include Shell, Endeavor Energy, Ivory Coast’s state oil company Petroci, CI-Energies, SOCAR and Golar LNG with Total as the operator of the project. According to the Ministry of Energy,...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has commissioned four petrol storage tanks at Mosinmi Depot in Ogun State. According to Baru, the dismantling and reconstruction of tank 13 and renovation of tanks 11, 12 and 22 at the Mosimi Depot would ease product distribution and increase the storage capacity of the depot by 220,000 litres.The...

ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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