In a bid to end the conflict which erupted almost two years ago in the oil-producing nation of South Sudan, East African leaders have decided to gather in the South Sudanese capital, Juba, on Wednesday to discuss President Salva Kiir’s position on a proposed peace deal. Salva Kiir on Aug. 17 declined signing an accord with rebel leader Riek Machar in order to end the fight. The U.S. however,...

Nigeria’s economy is said to be on a road to doom, as oil price crashed even lower, thus threatening the 2015 budget and fiscal plan with international price of crude hitting a six-year low below USD 40/b and West Texas Intermediate crude oil futures as low as USD39.89, while Brent crude declined further to USD 45.10 from previous week’s level of USD48.87 per barrel. Nigeria’s sweet crude...

The President of Nigeria Muhammadu Buhari has been urged by the Oil Producing Area Association of Nigeria, (OPAAN) to legalize illegal refineries rather than putting an end to their operations in which is capable of boosting local refining capacity and the economy. The association stated that while Nigeria could not meet up with the internal consumption of petroleum products, it is however...

Invitations has been sent to foreign oil firms by Libya’s loyal oil firm based in the eastern part of the country to discuss existing oil purchase contracts at a conference in Dubai next month. The aim of the discussion is for Libya's internationally recognized government to control state oil firm NOC, which is at the center of a conflict between two rival administrations four years after the...

San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, has declared that the El Aaiun-4 well on the Tarfaya conventional license, onshore Morocco, was spud today. San Leon is the operator of the Tarfaya license and holds a 75% net operated interest while ONHYM, the Moroccan National Bureau of Petroleum and Mines, holds the remaining 25%...

Maurel & Prom has launched the first two wells of the Mnazi Bay gas field which will be delivering the Madimba processing center; operated by GASCO an affiliated company of TPDC, the entry point of the gas pipeline linking Mtwara to Dar es Salaam. Maurel & Prom went into Tanzania in July 2004 with the Bigwa-Rufiji-Mafia permit in which it holds a 60% interest. In 2009, it strengthened...

A joint bid has been submitted by OAO Rosneft, Russia’s largest oil producer and Exxon Mobil Corp. in Mozambique’s fifth licensing round in order to explore the Angoche Basin and Zambezi Delta. Rosneft and Irving, a Texas-based Exxon Mobil produces oil together off the coast of Russia’s Sakhalin Island and explored Russia’s arctic seas, an area subject to some U.S. and European Union...

Germany, approving of the Tunisian policy with regards to renewable energies, wishes to broaden the energy cooperation between the two countries. “Germany applauds the strategy adopted by Tunisia to promote renewable energies. It is even considering strengthening its partnership with the country in this sector” claimed Thomas Silberhorn, the German State Secretary for Development Cooperation....

Last year, at the start of the commercialisation by Algeria Telecom of “4Gfixe” throughout the country, Zohra Derdouri, former Minister of Post and Telecommunications, revealed that the commercialisation of 4G mobile would occur in the first quarter of 2016. In the run-up to this target date, the Ministry of Posts, IT and Telecommunications and the regulatory agency for post and...

A consortium formed by the groups Bolloré Africa Logistics, CMA CGM and China Harbour Engineering Corporation (CHEC) has been chosen for the management of the container terminal of the Kribi Port in Cameroon, according to a communiqué from the Cameroonian Prime Minister Philémon Yang published on 26 August. The French-Chinese consortium will also be in charge of the expansion of the terminal,...