In Somalia, following the approval of a bill by the legislators to attract foreign investment, the country’s Prime Minister Omar Abdirashid Ali Sharmarke (photo) on Tuesday, appoints new ministers for industry and energy. According to a decree read at the occasion, Abdrirashid Mohamed Ahmed is to replace Abdirahman Abdi Osman as the...

In Tehran, the Prime Minister of Algeria, Abdelmalek Sellal, has advised oil super majors in the oil market to come together and agree on production levels, which he believes can recover crude oil prices. The prime minister declared this in his speech at the 3rd summit of the Gas Exporting Countries Forum (GECF), held in Iran today. Representing President Abdelaziz Bouteflika at the summit, the...

In Uganda, towards ending corrupt practices by fuel dealers, the ministry of Energy has warned the latter to comply with fuel test requirements at border points or have their licences withdrawn. Speaking at a meeting in Kampala recently, the ministry’s commissioner of petroleum Rev Frank Tukwasibwe, said that the corrupt practice is still rampant on the market. Although the Uganda National...

Today in Nigeria, it’s not a surprise anymore as President Mohammadu Buhari finally names himself as the new Minister of Petroleum Resources. Buhari declared this at the swearing in of ministers at the Presidential Villa in Abuja. He is to be assisted by Ibe Kachikwu, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) who is now the Minister of State for...

To boost its supply of petrol and reduce its reliance on foreign companies, South Africa plans to build an oil refinery where it will process crude oil imported from Iran. The Deputy President of Libya Cyril Ramaphosa (photo) is planning a visit to Iran to re-establish their co-operation in the energy sector. Truly, since the EU and US imposed sanctions on Iran, South Africa has been...

The Energy Regulatory Commission (ERC) has released its October to November prices for Super Petrol allowing motorist pay Sh9 for the next thirty days, the Star news reports. The lowest retail price for Super petrol this year was Sh89 and the highest was Sh102. Whilst the Prices for diesel went up by Sh2.44 per litre, kerosene was raised to Sh3.49 per litre placing the prices at Sh82.43 and...

The Inspector General of Police Special Task Force On Pipeline Vandalism has arrested no less than 33 suspected vandals and recovered 330,000 litres of PMS, tapped from Nigeria National Petroleum Cooperation’s (NNPC) pipelines and loaded into 10 trucks. Commander of the task force, Valentine Olumese, a Chief Superintendent of Police (CSP) disclosed this while handing over the recovered...

The Cameroonian government in its mid-year review of budget implementation, reported 221.6 billion for its 2015 oil revenues (end of June) against 221.6 billion FCFA for the same period last year. An expected consequence of global oil crisis, these revenues are 58 billion FCFA less than last year’s and are 123 billion FCFA lower than the amount forecasted for 2015 (344.8 billion FCFA for the...