President Uhuru Kenyatta to flag-off US$11.6million crude oil shipment which will enable kenya enters the league of oil exporters.
Kenya President Uhuru Kenyatta will commission the flag off for the first shipment of crude oil from the port of Mombasa. The first shipment of crude oil which is worth US$11.6million … Read More
NNPC now has a new GMD and a new acting Chairman.
The Nigerian National Petroleum Corporation (NNPC) recently had series of changes in its various management positions. The National Oil firm NNPC now has a new GMD and a new acting Chairman.
Nigeria’s President, Muhammadu Buhari recently appointed Mr. Mele … Read More
Uganda Government signs US$4 Billion Oil Refinery Agreement
Irene Muloni, Uganda Minister of Energy and Mineral Development, have signed a contract with the Albertine Graben Refinery Consortium. The event which was presided over by President Museveni saw the end of the Ugandan government’s five year struggle to get a company … Read More
NNPC and Chevron sign agreement aimed at boosting reserves and production of crude in Nigeria.
The Nigerian National Petroleum Corporation ( NNPC ) and Chevron Nigeria Limited (CNL) have finalized an Alternative Financing Agreement to increase crude production by about 39,000 barrels per day. This report is according to a … Read More
As Angola celebrated it’s 42nd Independence on August 11th, we took a look at the Portuguese speaking nation.
Located in the Southern part of Africa on the Atlantic coast, Angola is Africa’s Largest Oil Producer. Endowed with large oil reserve, the country has showed an impressive economic growth rate with … Read More
After spending cuts Angola’s state owned oil company saves $US1.7bn.
On Friday, Angola’s state owned oil company ( sonangol) said $1.7-billion has been saved and thanks to spending cuts since 2014 due to lower crude oil prices.
Due to the slump in oil prices, over the last three years oil … Read More