Algeria and France revived their co-operation in the communication and culture sectors. The cooperation topics were chosen with the French minister of Culture and Communication, Fleur Pellerin, who was attending the opening the of the Salon du Livre d’Alger (Algiers Book Show). France was the guest of honour of this event which will last until 7 November 2015. Among the topics discussed by...

According to the 2016 Budget bill which it is to present parliamentary within the next days, Cameroon plans to produce next year 34.6 million tons of crude oil. This output exceeds the 27 million bo and 24.4 million bo obtained in 2014 and 2013 respectively. The estimates included in this bill, however, are far below the initial expectations of Société National des Hydrocarbures (SNH) and...

The Chief Financial Officer of Mitsui and Co, Keigo Matsubara (photo) has announced that final investment decision (FID) for the Mozambique LNG Project will be made by March 2016 later than was initially expected. Matsubara had explained that negotiating with the Local Government takes time as verdicts on the FID was expected at the end of 2015.  In fact, John Peffer, manager of Anadarko...

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 Sines LNG Terminal in Portugal is to receive a shipment of liquefied natural gas (LNG) from Nigeria around 10th of November 2015, according to the Shipping data. The 135,000 cbm LNG Rivers will transport a cargo from Nigeria’s LNG export plant situated on Bonny Island. The export plant is collectively owned by the Nigerian National Petroleum Corporation (NNPC), Shell Gas B.V., Total...

In Libya, the National Oil Corp has imposed force majeure on one of its main oil terminals following the postponement of exports from it. According to the company, the decision was taken after guards at the oil facility stated that they would allow no other tankers than those registered with the country's recognized government in the east to load crude. It added that the force majeure had been...

Pancontinental Oil and Gas has announced that its JV partner Milio International is planning a seismic acquisition with local authorities for Block L6 in Kenya. The acquisition is part of a farm-out agreement in which Milio is to earn a 60% interest in return for a 2D seismic program of about 1,000km² while Pancontinental has 40% interest. “Planning for seismic over the area is ongoing,...

Following the signing of heads of agreement with the Egyptian government, BP is increasing the pace on the Atoll discovery offshore Egypt. Work on the Atoll field in the North Damietta concession is expected to achieve its first gas in 2018.  BP possesses a 100% operating interest in the North Damietta concession in the eastern Nile Delta.The whole block holds over 142 bcm (5 tcf) of gas,...

The consortium EDF-SFI-RIO Tinto, Eneo and the government of Cameroon signed on November 3, 2015, in Yaoundé, a framework agreement defining the general requirements for the implementation of the Natchigal dam into the national power grid. The dam which is to have a production capacity of 420 MW is to be built in the central part of Cameroon. Valued to 660 billion FCFA, 40% of the funding will...

The promotional tour of the Kinshasa International Forum started in October 2015 in Brussels by a press conference, continued in the Democratic Republic of Congo (Kinshasa) and the Republic of Congo (Brazzaville). KINFOR16 Steering Committee, represented by Africa Rise (Belgium), , The Job Factory (DRC), the belgo-congolese-luxembourgian Chamber of Commerce (DRC) and the DRC national Chamber of...