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ADDAX PETROLEUM: Gabon farm-in as income plunges; TOWER RESOURCES: Uganda drilling, AIM placing
EGYPT: BOO wind power tender; EGYPT: Noweibaa turbine tender; MALI: New thermal plant; MOZAMBIQUE: Indian loan for rural electrification; UGANDA: Wenreco to be audited ahead of state rescue
Iran has offered to finance the building of a refinery to process Ugandan crude during a visit to Tehran by President Yoweri Museveni on 15-18 May
HERITAGE: Oman sale frees up cash; TOWER RESOURCES: Uganda drilling, share placing
Uganda is phasing out its costly diesel-fired emergency power, replacing it in the short term with heavy fuel oil (HFO) and in the longer term with hydro and small amounts of co-generation from sugar plants (AE 149/6).
Despite the turmoil in global capital markets, Tullow Oil seems to have had no trouble persuading banks to refinance its debt to fund major developments in Ghana and Uganda, writes Kevin Godier.
Uganda’s plans for a 100,000-150,000 b/d refinery are firmly opposed by Tullow Oil plc, which says this would leave it with a large quantity of heavy fuel oil (HFO) without a market outlet
Frontier areas like East Africa and the smaller players exploring them are likely to see activity slow sharply this year as the funding crisis bites.
British company to carry out Baynes EIA; NBE loan for EETC’s grid expansion; Indians look for coal; Transmission line tenders; Study sought for Ngwempisi hydro cascade; Small hydro
President Yoweri Museveni has carried out a major cabinet shuffle, moving Daudi Migereko from energy and minerals, and giving the finance portfolio to ultra-loyalist Syda Bbumba, a former energy minister and an economist by training.
The African Energy Infrastructure Fund is moving towards its $150m first phase closing.
DR CONGO: EnerGulf signs JOA for Lotshi; EGYPT: El Paso in asset swap with RWE; MOROCCO: Circle makes new gas find; UGANDA: Heritage considers rail/barge options; UGANDA: Global farm-in approved
Despite the turmoil hitting global markets, Tullow Oil says its $2bn debt refinancing is well advanced and is targeted to complete in February.
Heritage Oil and Tullow Oil have announced their largest discovery so far in the Lake Albert Rift Basin (AE 154/18).
ANGOLA: Pipelines contract for LNG plant; ANGOLA: Technip to expand Angoflex; GHANA/CAMEROON: USTDA study; MADAGASCAR: Enermad farms out to Niko Resources; MOROCCO: Canamens takes Essaouira blocks; NAMIBIA: Key pulls out; SIERRA LEONE: Elixir takes over after Prontinal fails to pay; UGANDA: Tower farms out Area 5; UGANDA: Heritage spuds Giraffe
