The wait is over in Gabon. Results for the Presidential election are out and reveal that Ali Bongo again President with 49.85% of the votes. His opponent, Jean Ping, had 48.16%. This was reported by Koaci.com and SwissInfo that cited sources from the CENAP. Supposedly, Minister of Interior is about to publish official results. Ali Bongo owes his victory to the Haut Ogooué, his province,...

Philippe Le Houerou, executive vice-president of the International Finance Corporation (IFC), started on August 29, 2016, a 3-day visit in Abidjan, Cote d’Ivoire’s capital. After meeting with various officials including President Ouattara, he said his institution would invest $1.7 billion, around a trillion Cfa in the country by 2020. This sum will be injected in various socio-economic...

On August 26, ratings agency Fitch Ratings has confirmed Tunisia’s ratings for long-term sovereign credit in foreign and currency at “BB-”, with negative outlook. The agency said its decision was driven by the country’s low economic growth and high security risks that dealt a blow to its tourism sector, which is one of its main sources of revenues. Fitch also mentioned actual...

Started last July 11, the sensitization campaign on Act 98-750 December 23, 1998 related to rural land ended with the Soubré department, in the South Western part of Cote d’Ivoire. This was reported by Abidjan.net.  The campaign gathered teams from the management of the rural land office and send them through 17 departments (Sikensi, Divo, Tiassalé, Bouaké, Béoumi, Aboisso, Korhogo,...

GE Oil & Gas’ Takoradi service facility being constructed in Ghana is almost complete as the first two subsea trees for the Offshore Cape Three Points (OCTP) development is expected to be received at the facility in September. The Takoradi facility, which is scheduled to be completed by the end of this month, is part of the company’s measures in support Ghana’s energy production.Aside...

Spain has said that the unfavorable economic situation in Nigeria would affect the importation of oil, gas and other products from the country this year compared to last year. According to the Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, Pablo Segrelles, his country imported products worth 4 billion Euros from Nigeria in 2015 but this will reduce this year due to the...

The Petroleum Facilities Guard (PFG) has halted oil production from the Gulf fields and Al-Wafa field due to non-payment of security fees of the oilfields by the Libyan unity Government (GNA). According to a brigade commander, Mohammad Ahmad Alkhbasha, the PFG in the south shut down the two oilfields, which produce 30,000 barrels per day of light oil condensate. “There are about six oilfields...

Sound Energy on Wednesday announced that the second Tendrara well, TE-7, onshore Morocco, has now been drilled to the first casing point at a measured vertical depth of 462 metres. According to the company, the 13 3/8" casing has been successfully set and cemented in the Aalenian dolomite formation.This new development is coming almost a week after the European and African focused upstream...

Eni has revealed plans to increase production at its Nooros field to 1billion cubic feet per day of gas in 2017, rather than the formerly detected 700 million cubic feet daily production. The Italian company was expected to boost gas production from three wells in the Nooros field by 180mcf/d in September 2016. According to an official from Egyptian Natural Gas Holding Co (EGAS), the...

La Compagnie minière de l’Ogooué (Comilog) a récemment organisé une visite guidée des installations du Complexe métallurgique de Moanda (Cmm) au profit des populations de la gare. Des dizaines de visiteurs se sont installés dans l’une des salles de réunion où ils ont assisté à la projection d’un court métrage faisant la genèse et l’aboutissement du projet du CMM. A la...