The National Oil Corporation of Libya has demanded for an immediate reopening of the shut oil pipelines located south west of Libya. This is coming days after it has announced plans to resume crude exportations from the oil terminals in the east. The pipelines in Al-Rayana town, connect El-Sharara oil field which has a production capacity of about 370.000 barrels a day to the Al-Zawiya...

Sound Energy has announced that its TE-7 well on the Tendrara licence in Morocco is currently just 10 metres from the targeted reservoir. According to the company, drilling has reached the third and final casing point at 2,623 metres where the crew has begun setting and cementing a 7” liner into the TAGI shale formation.“The company will now proceed to drill the reservoir to the final target...

A legal counsellor for the forces loyal to Libyan general Khalifa Haftar and his interim government, Salah Abdul Kareem, has said that the country is prepared to export Libyan crude oil to Egypt in Egyptian Pounds (EGP) in order to ease the latter’s burden in securing foreign currency for fuel purchases. According to the counsellor, the plan for oil exports to Egypt was presented to the Libyan...

Angola's offshore Plutonio oilfield has resumed production after it was shut down for about 10 days for maintenance, according to industry sources. The oilfield which is operated by BP, usually exports about 130,000 barrels per day. The field is located in the Greater Plutonio accumulation which in 1,200m to 1,500m of water, 160km northwest of Luanda in the Block 18 concession. Originally, BP...

Petrofac is currently threatening to withdraw and terminate its investment in Tunisia if protests over jobs are not called off immediately, a government officials said. The sit-ins by people looking for jobs began since the beginning of this year and have upset gas production in the country. “Petrofac officials told us they will be forced to declare force majeure and resort to international...

Christian, Adovelande, President of the West African Bank for Development (BOAD in French), said €30 billion is what must be spent to “fix” West Africa’s energy deficit. “We will identify major production areas in order to deal with the problem at a regional scale. The issue will be solved, by using traditional power sources and renewables also on which we’re presently focusing...

Air Algérie will purchase 40 planes between 2018 and 2025 to improve long-distance flights, its CEO, Mohamed Abdou Bouderbala, announced on September 17. As part of the acquisition project, four planes will be received in 2018 and the rest will follow between 20202 and 2025. Air Algérie thus plans to bring its fleet to 100 planes, by 2025, from 60 presently. Cited by local news agency...

In a statement released on September 15, the African Development Bank said it will grant Senegal a $1.4 billion financing between 2016 and 2020. The money will be used to support agricultural processing and acquire infrastructures to boost production and competitiveness (energy and transport), the 2016-2020 Strategy Document for Senegal (DSP 2016-2020) states. This strategy falls in line...

Vietnamese telecom operator Viettel has asked the Burundese government its help to implement various projects in the African nation. These include social projects and projects to improve the living standards of local populations. Vietnam’s Deputy Prime Minister and Minister of Foreign Affairs, Pham Binh Minh, and Burundi’s Minister of Foreign Affairs, Alain Aimé Nyamitwe, discussed the...

In Tanzania, prices of tomato have plunged 88% compared to the last season. Since one crate of tomatoes was Sh60,000 last season, a lot of farmers began growing the crop this season. This led to oversupply and subsequently price fall. The crate has fallen to between Sh6,000 and Sh7,000. Officials are now looking for ways to help farmers gain from the activity. According to Ebron Mwakalinga, an...