The Belgian Prime Minister Charles Michel announced on 27th September that his country would apportion one half of its public development aid (APD) to least developed countries (LDC). “Belgium also commits – through its development aid – to support other countries in the fulfilment of this new agenda (the new sustainable development goals for 2030)”, he declared at the UN. “A special...

Chanel Eder, Chief Executive Officer (CEO) of the Adego Industrie group, operating in the construction and services sector, yesterday met, the Minister of Equality Opportunities and Gabonese Abroad, Patricia Taye, to discuss the 1st forum of the diaspora to be held in the coming days in Libreville. Shortly after, the member of government met with her staff during a work session with the...

In full swing preparing for his re-election in the presidential race of 11 October, Guinean President Alpha Condé inaugurated the Kaleta hydro-electric dam, 75% funded by China Eximbank, on 28 September. The inauguration ceremony of this grand hydro-electric public works in Guinea, which is already producing electricity, took place in the presence of presidents Denis Sassou Nguesso of Congo and...

In Circle Oil’s 2015 interim results released of late, the company said it has updated its operations in Morocco where it has made a number of competent improvements in-country and appointed a new country manager. Towards decrease costs in the country the company has renegotiated a number of local supply contracts and restructured the supply chain. Circle has benefited immensely from both...

Egypt’s oil minister has revealed that the country will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq. Kuwait Energy is to give up 10 % of a concession in Basra, southern Iraq, for exploration by Egypt’s state oil company, Tarek al-Mullah told Cairopost in a statement. “The agreement opens up...

Solo Oil has revealed in a statement that is assets in Tanzania represent its most important investments and their further development is being actively pursued. Petroleumafrica reports The company which has a 25% stake in the Ruvuma PSA and acquired a 6.5% interest in the Kiliwani North Development License in February 2015, with an alternative to purchase an additional 6.5% interest within 30...

The President of Nigeria Muhammadu Buhari has announced that he would head the Ministry of Petroleum Resources in the new cabinet. This he revealed in New York, United States, after addressing a Global Leaders’ Summit on Countering ISIL and Violent Extremism.  “I will remain Minister of Petroleum, and I will appoint a Minister of State for Petroleum.” He said adding that this step...

In Circle Oil’s 2015 interim results released of late, the company said it has updated its operations in Morocco where it has made a number of competent improvements in-country and appointed a new country manager. Towards decrease costs in the country the company has renegotiated a number of local supply contracts and restructured the supply chain. Circle has benefited immensely from both...

San Leon Energy has today announced the results of the Laayoune-4 well on the Tarfaya conventional licence, onshore Morocco in the Sahara region. The well which was formerly known as El Aaiun-4 was drilled with Entrepose Drilling's Cabot 750 rig, targeting Tertiary channel sandstones and with an expected total depth of around 2000 metres below rotary table. Gas shows...

San Leon Energy has today announced the results of the Laayoune-4 well on the Tarfaya conventional licence, onshore Morocco in the Sahara region. The well which was formerly known as El Aaiun-4 was drilled with Entrepose Drilling's Cabot 750 rig, targeting Tertiary channel sandstones and with an expected total depth of around 2000 metres below rotary table. Gas shows...