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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

An Egyptian/Libyan joint venture backed by the state-owned Economic and Social Development Fund (ESDF) and Cairo-based Citadel Capital’s specialised regional gas distribution subsidiary Taqa Arabia won a E118m gasification project from the General People’s Committee for Electricity, Water and Gas Distribution in June.

Eni SpA continues to invest heavily in Libya. The Italian major plans to increase gas production from the onshore Wafa and offshore Bahr Es-salam fields by 3bn m3/yr to reach about 13bn m3/yr by 2014.

The Marsa Al-Brega LNG plant, which belongs to National Oil Corporation (NOC) subsidiary Sirte Oil Company (SOC), may be in much worse condition than Royal Dutch Shell had anticipated when it signed up to overhaul the plant in the first phase of its hoped for integrated gas development project.

National Oil Corporation’s new willingness to strike commercial deals followed the March 2006 appointment of reformist former prime minister Shukri Ghanem as NOC chairman.

In spite of a sharp reversal in the oil market over the past nine months, the strategies for buying and selling Libyan crude oil have changed little.

Adding to the confusion over Namibia’s stalled Kudu gas and power development is a widely publicised memorandum of understanding signed by Gazprom

A South African company called New Alpha Refinery Ghana Ltd says it has signed a memorandum of understanding

Total’s acquisition of Chevron’s Caltex business has created a new market leader with some 30% market share, but indigenous players are determined to maintain the pace of expansion as more competition targets East Africa, writes Kimemia Mugo in Nairobi.

No one doubts Dr Rilwanu Lukman’s pedigree in the Nigerian oil industry, but his return as oil minister last year, formalising his central role in shaping the Yar’Adua administration’s policy,

South Korea’s Samsung Engineering and Construction submitted the lowest bid for an engineering, procurement and construction contract for the rehabilitation, upgrade and modernisation of the 15m t/yr Skikda refinery.

TUNISIA: Perenco inaugurates new pipeline; NIGERIA: Total starts Akpo gas supply to NLNG

Eni has become the latest major European oil company to express support for the Trans-Saharan Gas Pipeline (TSGP) project to bring gas across the Sahara from Nigeria to markets in Europe.

Financing worth more than $2bn for the estimated $3.5bn Egyptian Refining Company project is set to close by year-end, clocking up a debt milestone for an Egyptian hydrocarbons project, writes Kevin Godier

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