Drilling operations on the Kito prospect in the Kilosa-Kilombero licence in Tanzania which were initially scheduled for Q3 of 2016, are currently in doubts due to disputes amongst partners on the project. The operator of the prospect, Swala Energy, in March announced that all measures have been put in place for drilling activities to begin on the licence in Q3 of 2016 with the recent feasibility...

Libya's National oil company has revealed plans to restart oil shipments from terminals seized by forces loyal to eastern commander Khalifa Haftar 5PHOTO0 during the weekend.The terminals; Es-Sidra, Zueitina, Ras Lanuf and Brega account for more than half of Libya's exports. According to the Chairman of NOC, Mustafa Sanallah, work will commence immediately to restart exports and all the exports...

Canadian Overseas Petroleum Limited (COPL) through its 50% owned subsidiary, Shoreline Canadian Overseas Petroleum Limited (ShoreCan), has finalized the acquisition of 80% of the share capital of Essar Exploration and Production Limited in Nigeria. Essar's sole asset in Nigeria is a 100% interest and operatorship of OPL 226, located 50 km offshore in the central area of the Niger...

Chariot Oil & Gas in its unaudited interim results and operational update for the six-month period ended 30 June 2016 announced that it is in a strong financial position with $29million in cash and no debt.The company also announced that in the first six months of the year, it successfully collaborated with Eni in the Rabat Deep exploration permits offshore Morocco. According to the...

ASX-listed miner Walkabout Resources declared on Sept 9, 2016, that annual graphite production rate at its Lindi project, in Tanzania, should be below 40,000 tons. This was revealed by the firm’s MD, Allan Mulligan, who refused to announce the results of the exploratory study conducted by the firm, at Lindi. “Our production level will be modest, probably the most modest among all the...

Banks listed on the Bourse des Valeurs Mobilières de Tunis (Tunis’ stock exchange)) had a cumulated Net Banking Product of 1.5 billion Tunisian dinars ($684.5 million), in the first half of the year ended last June 30. Financial results for the period show that this performance is 10.1% higher than that of the same period in 2015 (1.36 billion dinar). Moreover, data released by 10 out of the...

In an interview with French daily Les Echos, Bernard Cambier, Director of Africa-Middle East-India zone of Renault, said the car manufacturer should produce about 400,000 cars in Morocco, in 2016. According to Cambier, production at Renault’s two Moroccan plants should significantly increase this year. The Tangiers factory should produce more than 300,000 cars in 2016, against 230,000 in...

In Senegal, farmers from Diokoul denounced the spoliation of their lands after municipal autorities granted 1,000 hectares of agricultural lands to Senegindia for potato farming. Hundreds of these farmers organized a protest last Thursday to be heard. “These fields here are our grand-fathers’, fathers’ and even our sons’ fields ! We make our living from these fields! So why is it...

Ivorian authorities have given a six-day deadline to cocoa exports to provide documented evidence of their export permits. These documents should include a proof of acquisition otherwise their cocoa purchase will be cancelled and volumes that should have normally been given them, sold back. Analysts estimate that between 200 to 250,000 metric tons of cocoa are concerned here. Reuters indicated...

In Gabon, the nine magistrates of the Constitutional Court who have until September 23, 2016 to give the verdict regarding the Presidential elections of last Aug 27th are currently reviewing appeals resulting from the re-election out outgoing president, Ali Bongo. In the process, the review of votes of the Haut-Ogoué province where Bongo had 95% of votes is decisive and crucial. In the...