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The government has selected Ecobank Development Corporation (EDC), the investment banking arm of the Ecobank group, and its local subsidiary Ecobank Ghana to advise on the financial restructuring of Tema Oil Refinery (TOR).

Venezuelan President Hugo Chavez has announced plans to build a refinery to supply oil products to Mauritania, and to neighbouring Mali and Niger.

As it seeks a greater yield from its gas resources, Equatorial Guinea has succeeded in its long-running efforts to secure a better deal from one of its major partners, BG Group, which is buying all the gas from EGLNG Train One

The first meeting of the new Kenya Petroleum Refineries Ltd (KPRL) board has agreed to start work on the Mombasa refinery’s long-awaited upgrade.

Local private company Oilmoz has decided to change the site for its refinery project for environmental reasons.

Siemens Energy has won three orders to upgrade existing pump stations for Transnet Pipelines.

Militants in the Niger Delta have agreed to extend their ceasefire by 30 days but there has been little improvement in the situation on the ground. Some militants have surrendered their weapons in public ceremonies, but one source in the Delta told African Energy: “it’s just tokens, more guns are still being hidden in the creeks.”

Engen Petroleum and KenolKobil have signed a sale and purchase agreement to jointly acquire all the shares in Shell Zimbabwe (Private) Ltd and BP Zimbabwe (Private) Ltd.

Two refinery projects are going ahead in Egypt – the first led by local private equity group Citadel Capital, and the second by Sokhna Refining & Petrochemical Company (SRPC), which is said to be building a $2.2bn refinery in Ain Al-Sokhna. Egypt’s planned new refinery projects have suffered from the global financial crisis, which has made raising funds difficult and driven up costs.

CHAD: Chinese funding deals signed for N’djamena refinery; ANGOLA: KBR wins new contract for Sonaref technology; ZAMBIA: Indeni to seek new partner

Gazprom’s joint venture with Nigeria has boosted a project that continues to attract the backing of governments and IOCs despite continuing doubts over its commercial viability

Algerian demand – although officials are adamant that Sonatrach has sufficient reserves to meet long-term demand, there are growing indications that Algiers may need Nigerian gas to meet export commitments. At the Algeria-US Energy Forum organised by the US-Algeria Business Council in Washington DC earlier this year, Energy and Mines Minister Chakib Khelil admitted that “the TSGP is necessary

National Oil Corporation’s policy of opening its downstream to private investors is bearing fruit in the petrochemicals sector, where Norwegian fertiliser giant Yara International in February confirmed a joint venture with NOC and Libyan Investment Authority (LIA) to upgrade the Marsa Al-Brega urea and ammonia plant.

Like many African countries, Libya has its share of refining projects that have never been built, but the authorities’ new enthusiasm for joint ventures has seen the pace pick up.

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has successfully raised equity to finance construction of Energy City Libya (ECL), the Jamahiriya’s biggest private real