In Cameroon, current local supply in cement is estimated to about 5 million tons (Production and Imports) for a national demand of 3 million tons thus implying a significant gap between supply and demand for this commodity. This mainly resulted from the establishment of two new cement plants in the country (Dangote and Cimaf) which ended the half-century reign of Lafarge over the market....

The drilling on the Aigle prospect, in the CI-508 licence containing total crude prospective resources of 300 million barrels oil equivalent in the Côte d'Ivoire offshore, will start closer to end 2015. Genel Energy Plc, oil company listed in London, owning 24% of this licence, announced this schedule, on 20th October, in an update on its activities. The well will focus on an important oil...

For several months now, clients of La Poste SA and its subsidiary La Poste Bank are facing numerous challenges when withdrawaling or depositing money. In the 10 provinces of the country, the problems are the same. Long queues at the counter, but the service is not up to par. According to the clients, the explanations given by the officers to justify this situation are legion: No internet...

American giant MasterCard announced, in a communiqué made public on 19th October, setting up a representative office in Casablanca, in order to speed up its growth in Africa. The payment solutions provider specified that its MasterCard Africa representative bureau would host its regional headquarters serving the Greater North-West Africa area (GNWA), which covers more than 20 African countries...

Chinese companies have started negotiations with Algerian companies to launch a car and lorry assembly plant project, the minister of Industry and Mines, Abdelssalem Bouchouareb, announced on 18 October. "There are Chinese companies who want to get into vehicle and lorry assembly in Algeria", the minister revealed during a press conference he jointly hosted with the president of the Council for...

Serinus Energy in an update on its Q3 production in Tunisia saw working interest flow at 1,343 barrels of oil equivalent per day. The working interest is 11% higher than output in Q2, petroleum Africa reports. Oil increased to 1,053 bpd while gas was 1.7 Mmcf/d as a result of the return of the Sabria Field as well as the declaration of operational issues with the national gas utility and...

Angola is set to export approximately 1.80 million bbls/d of crude oil by December. According to a provisional loading schedule, is higher than the 1.77 million bbls/d intended in November, Reuters reports. Oil companies including Exxon, Total and Chevron and Sonangol are to export the oil on 58 cargoes against the 55 cargoes intended to move in November. Pressure has been put on the...

AGOCO has today announced its plans to hold a 93-well drilling campaign at its Libyan concessions. Chairman of AGOCO Mohamed Ben Shatwan declared this at the 4th New Libya Oil & Gas Forum in London. The Libyan company, an affiliated company of the state-owned National Oil Corporation (NOC), has stakes in eight of the country’s fields. The fields include Beda, Messla, Hammada and Sarir,...

Sudan has announced that boosting production capacity is part of its goal for 2016. Whilst addressing the national legislature, President of the Republic, Field Marshal Omer Al-Bashir revealed that the country plans to discover and produce natural gas as well as assuring the flow of the supply of petroleum to meet local needs. The government intends to focus on diversification of mineral...

Production is still limited in Libya making the country produce about 440,000 bbls/d of crude oil chairman of the country’s National Oil Corporation (NOC) revealed at the 4th Libya Oil and Gas Forum in London. Clashes between two rival governments in the country, have kept the country’s oil output below the 1.6 million bbls/d it used to produce before Muammar Gaddafi’s fall in 2011. As a...