Following the desertion of the construction of Uganda’s $4 billion oil refinery in June 2016, RT Global Resources, a Russian consortium, has decided to establish new terms for its contribution in the project. RT Global Resources, which is the highest bidder for the financing and construction of the refinery in Hoima, abandoned the deal after the Ugandan government failed to assure their...

Nigeria saw its crude oil production increasing to 1.782 million bpd in November surpassing that of Angola, thereby regaining its production as Africa’s top oil producer.The West African country in March lost the top position to Angola when its production fell to 1.677 million barrels per day, compared to Angola’s 1.782 million bpd, thanks to a rise in militant attacks on oil facilities in...

Apache plans to invest $100 million in horizontal drilling of 20 wells in the Apollonia field located in the Egyptian Western Desert so as to produce around 40Mmcf/d of gas from limestone. The US energy company intends to advance with the investments once trails on vertical wells prove successful. According to Khalda Petroleum’s CEO, Mohamed Abdel Azzim, Apache and Shell, together with...

Oryx Energies has completed the construction of a new Liquefied Petroleum Gas (LPG) cylinder filling and storage depot in Dodoma, marking the end of a key phase of investment in new and upgraded LPG facilities across the country over the past 18 months. The choice of Dodoma coincides with the Government’s recent decision to move all Ministries from Dar es Salaam to the country’s...

In Libya, the Rayayina Patrols Brigade of the Petroleum Facilities Guard have decided to put an end to a two-year-long blockade of two of the country’s key oil pipelines. The Rayayina pipelines transports crude oil to the Zawia refinery and the Mellitah terminals in western Libya from both the Al-Sharara and Al-Feel oilfields, which have been shut down since the pipelines were initially blocked...

Rwanda plans to double the volume of roasted coffee it exports, The East African reports. The switch to roasted coffee by the nation is due to lower revenues from raw coffee exports. This is explained by price volatility on the international market. Exports revenues for the commodity indeed slumped from $40.5 million in 2015 to $36.8 million this year, according to statistics from...

Namibia’s economic growth will be significantly boosted in 2017 by uranium production which should double after processing activities commence at the Husab mine, BMI Research revealed in its latest report released yesterday, December 13, 2016. “While we have downgraded our 2016 growth forecast from 3.8% to 1.5% owing to sharp contractions in the construction, mining and agricultural sectors...

The Gibe III hydropower dam in Ethiopia will be commissioned this Saturday, Dec. 17. The 1870 MW infrastructure which has 10 turbines, generating 187 MW each, was developed by Italian Salini Impregilo. Construction took nine years and produced a 243m-long dam with a reservoir of 15 billion cubic meters. It cost €1.5 billion of which the Ethiopian government provided 40% while remaining...

Algeria's Sonatrach has announced that it has won an international arbitration case concerning a contract disagreement with Medex Petroleum North Africa. The Algerian oil company filed the arbitration claim in 2015 in accordance with the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL), to terminate contracts with Medex due to the latter’s failure in...

France's Engie E&P is currently eyeing more investment opportunities in Egypt's oil and gas sector. This was declared by Egypt’s Oil Minister Tarek El-Molla during a meeting with the CEO of France's Engie E&P International, Maria Moræus on Wednesday, to discuss available investment opportunities. El-Molla added that the Egypt and French partnership in oil and gas fields is constantly growing...