Sudan’s Ministry of Oil and Gas and the Russian GTL company have signed an agreement for the exploitation of the gas produced from Niemes field in square (4) and convert it to liquid fuel. Sudan News Agency reports. The representative of SudaPet Company, engineer Nour-Eddin Saad-Eddin signed on behalf of the ministry, whiles the director of the Russian company, signed for the Russian...

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the commencement of production from the Bonga Phase 3 project. Bonga Phase 3 is an extension of the Bonga Main development, with peak production expected to be 50,000 boe. This is to be transported through existing pipelines to the Bonga floating production storage and offloading (FPSO) facility, which has the capacity to...

Aminex Africa-focused oil and gas exploration and Production Company with two operated discoveries in Tanzania, has announced that the Tanzania Petroleum Development Corporation (TPDC) has notified the Company of its plan to acquire a 5% working interest in the Kiliwani North Development Licence (KNDL) and will become a full working interest partner going forward. Under the terms of the...

The UN has suggested that Somalia endorse a moratorium on oil deals until the country has the legislation in place for an oil industry. For its part Somalia is opposing the UN’s proposal, according to Finance Minister Mohamed Adan (picture). “It’s a sovereign issue,” Adan told Petroleumafrica. “We will not welcome a blanket oil moratorium.” The suggestion of a moratorium on oil deals...

Former Nigerian Petroleum Minister Diezani Alison-Madueke has been arrested in the U.K. on suspicion of bribery and money laundering offenses, according to an official in the Nigerian presidency circle and another with links to her family said. Alison-Madueke a former president of the Organization of Petroleum Exporting Countries who served as oil minister for five years until her party lost...

"Africa is one of our top priorities, thus we said yes immediately to the KINFOR16 project" said Philippe Patte, BeMobex. The tone is set! KINFOR16 is not only non an unmissable rendezvous in the Democratic Republic of Congo, but also a premier business forum for unbelievable opportunities and critical exchanges between African and European entrepreneurs. The Press Conference to announce the...

The Portuguese banking group Banco BPI announced, in a communiqué published on 30th September, that it is considering consolidating its African activities in a new separate unit, in order to limit the risk exposure in its operations in Angola. Banco BPI fait l’objet de pressions de la part des autorités de régulation européennes depuis l’adoption l’an dernier de nouvelles règles selon...

The governments of Mauritius and Estonia have signed a memorandum of understanding on collaboration in e-governance. It concerns the personalisation or adaptation of the Estonia X-Road framework to the island of Mauritius, modelling the Estonian digital identity and basic auxiliary registers, sensitisation to cyber security and protection of critical infrastructure, setting up a regional...

The Société Générale d’Hôtellerie (SGH), Malian subsidiary of the West African group Azalaï Hôtels, was granted a loan of €16.4 million from Proparco, subsidiary of the French Development Agency. This loan will enable the Azalaï group to “renovate the most prestigious of its hotels, Le Salam (5 stars) and to build next to it a 3-star hotel of 100 rooms with a conference...

Jean-Louis Borloo is looking to raise USD 3 billion from Western sponsors to finance renewable energies projects in Africa. The ex-French minister declared having received the commitment of Western governments to support his project. He did not however give specific details, but hopes to be able to present the project during COP 21. Once the initial fund is set up, African countries will have to...