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Issue 385 - 31 January 2019

South Africa: Saudi Aramco explores refinery potential

Saudi Arabia has signed a memorandum of intent to study a potential oil refinery and petrochemicals complex in South Africa. The initial work will be carried out by national companies Saudi Aramco and PetroSA, while Aramco and the Johannesburg-based Central Energy Fund are...

Issue 385 - 31 January 2019

South Africa

Issue 384 - 17 January 2019

Côte d’Ivoire AFC closes €577m debt financing for SIR

Lagos-based development financier Africa Finance Corporation (AFC) announced on 8 January that it had successfully closed a €577m ($657m) facility for Société Ivoirienne de Raffinage (SIR) to refinance the refinery’s significant debt. AFC’s participation was for €192m. The...

Issue 384 - 17 January 2019

Côte d’Ivoire

Issue 384 - 17 January 2019

Mozambique LNG schemes line up buyers to underwrite final investment decisions

Eni and ExxonMobil, partners in Mozambique’s Area 4 liquefied natural gas (LNG) scheme, announced on 28 December that they have secured enough offtake commitments to move to a final investment decision (FID) on their planned onshore development in 2019. A joint statement gave no...

Issue 384 - 17 January 2019

Mozambique

Issue 384 - 17 January 2019

Nigeria-Morocco pipeline study

Morocco’s Office National des Hydrocarbures et des Mines and the Nigerian National Petroleum Corporation have given Penspen a new contract for a project to build a gas pipeline system that would eventually run some 5,700km from Nigeria to Morocco’s Mediterranean coast.

Issue 384 - 17 January 2019

Nigeria, Morocco

Issue 384 - 17 January 2019

Mauritania/Senegal: FID for cross-border gas project

BP and Kosmos Energy on 21 December announced a final investment decision for Phase 1 of the groundbreaking Greater Tortue Ahmeyim gas project. Kosmos said the decision was made with BP and the two state oil companies, Petrosen and Société Mauritanienne des Hydrocarbures et de...

Issue 384 - 17 January 2019

Mauritania, Senegal

Issue 384 - 17 January 2019

Pump price soars as Zimbabwe crisis deepens

Zimbabwe now has the world’s most expensive petrol, at $3.33/litre, following a price rise announced by President Emmerson Mnangagwa as the country’s economic crisis deepens. Several people have been shot dead, and witnesses say security forces have been raiding homes as anti-...

Issue 384 - 17 January 2019

Zimbabwe

Issue 383 - 20 December 2018

Nigeria, Angola fight costly battle against fuel smugglers

Nigerian National Petroleum Corporation (NNPC) has found itself caught in a Catch-22 situation. Ordered by the government to build up major stockpiles of gasoline ahead of the holiday season and February’s elections, it knows its accelerated imports will stoke the illicit trade...

Issue 383 - 20 December 2018

Nigeria

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