Petroceltic International in its operational update announced that development drilling on the Ain Tsila gas and condensate field in Algeria, has been successfully completed. The development well AT-13 began drilling on April 20, 2016 and on May 14, 2016 it was drilled to a total depth of 2020 meters, encountering 73 meters of gas and condensate.The result obtained from the wireline showed...

Iran has begun the shipment of excess natural gas deliveries as liquefied natural gas (LNG) to Kenya, Tanzania and South Africa. According to the export-import director of the National Iranian Oil Products Distribution Company (NIOPDC), Esmaeel Hasham Firouz, the country exported more than 127,000 tons of LNG in 2015 and that will increase this year. Iran has the world’s second largest proven...

Egypt’s Oil Minister, Tarek El-Molla (photo), has announced that the country plans to boost its natural gas output from the current 3.9 Bcf/d to between 5.5 and 6 Bcf/d by 2019 ending. According to El-Molla, the country presently has 12 natural gas field development projects estimated at a total of $33 billion in investment ongoing. The three major projects, which include the Zohr...

Ghana will develop a 100 MW solar plant in Nyimbale-Sankana, a village in the Upper West. The infrastructure will, after it is completed, provide enough power for about 80,000 Ghanaian households, and will start production by 2018. Its construction should start this year. The project will cost $150 million of which the US Trade and Development Agency has provided more than $700,000 in...

Tanzania plans to invest $3 billion to build a fertilizer-producing unit. This project is the fruit of a partnership with a consortium of German, Danish and Pakistani investors, Reuters reports. “This factory which will be Africa’s biggest in terms of fertilizer production, will produce 3,800 tons of fertilizer each day and employ up to 5,000 people,” said the country’s presidency...

Corporate and individual entities that invest in public infrastructure projects in Nigeria now benefit from a tax reduction, Nigerian minister of energy, public works and housing, Babatunde Fashola told local press. The 30% tax reduction on revenue is granted by the Federal government of Nigeria, on the investor’s request. “Even as a person, you can apply for the allowance if the...

The board of African Development Bank (AfDB) just provided, through its private sector unit, a $120 million credit line to the Tanzanian Cooperative Rurual Development Bank (CRDB). CRDB will, with this funding, be able to finance its infrastructure projects and SMEs, in Tanzania’s rural and urban areas. However, focus will be on enterprises run by women. The goal here is to generate more...

Angola's liquefied natural gas (LNG) export plant is currently facing a setback in the boosting of output and shipping of cargoes. The plant was shut down in April 2014 after construction mistakes and difficulty in controlling feed gas deliveries.  Efforts have been made to restart the plant in January this year. Trade sources said they had been informed by Angola LNG that first cargo will...

An arrest warrant has been issued against Moïse Katumbi, former governor of Katanga and main opponent of Joseph Kabila in the presidential election, for “hiring mercenaries”, said Congo’s Minister of Information, Lambert Mende, interviewed by French newspaper Le Monde. “Mr Katumbi’s movements will depend of the court, but what is sure is that he presently no more has all freedom. He...

Mozambique’s national oil and gas company, ENH, has entered into an agreement with China National Petroleum Corporation (CNPC), to reinforce cooperation in the area of oil and gas exploration, production, natural gas processing as well as marketing. Under the agreement, CNPC will contribute actively in Mozambique’s Exploration & Production projects, encourage collaboration in gas field...