The Association of Oil Marketing Companies, has stressed that it will push for full employment for its members under the cylinder recirculation module to protect the interest of LPG distributers. The assertion comes after the LPG Marketers raised concerns that the new cylinder recirculation policy will render them jobless if implemented. Already, the CEO of
The Angolan National Society of Fuels (Sonangol) chose the French company Total as a supplier of one million 200 thousand tons of gasoline until March next year, stated the news here today. This selection arose from a public contest launched last January, to which about twenty European, Asian and US companies were presented.The contract was
There are indications that international oil market is haunted by low demand as unsold Nigerian stocks have been estimated at between 20 and 34 million barrels. A market survey by Platt showed that bidders for the country’s July-loading heavy and light sweet crudes were not present at the market. A trader, who preferred not to
Tarek El Molla was sworn in on Thursday 14 June by President Abdel Fattah El Sisi as the Minister of Petroleum and Mineral Resources, Egypt Oil & Gas reports. El Molla will be serving under the new Prime Minister Mostafa Madbouly who replaced Sherif Ismail last week. The Ismail cabinet resigned on June 5 in
Angola recorded export earnings amounting to 253.3 billion Kwanzas (about 1.06 billion US dollars) from the sale of 49.8 million barrels of crude oil in May this year, according to the latest statistics issued by the Ministry of Finance. During the month, the oil exports, which account for the large bulk of the country’s export
German industrial company Thyssenkrupp will work on five new petrochemical projects in collaboration with Egyptian companies, Egypt Oil & Gas reports. Thyssenkrupp will construct a polybutadiene factory with the Egyptian Ethylene and Derivatives Company, propylene and polypropylene factories with the Sidi Kerir Petrochemicals Company, and a formaldehyde factory at Damietta Port. The German group is
Nigeria’s oil exports are expected to fall in July to just 1.43 million barrels per day (bpd), loading plans showed on Monday, the lowest level so far this year. The export plan comprised 48 cargoes, compared with 60 cargoes and a daily rate of 1.796 million bpd in June, due in part to an outage
Oil and gas industry in Uganda has been poised to steer the economic growth of the country, with a number of adjustments, policies and structures being implemented. According to World Bank, oil infrastructure in the Uganda, which has been the less spoken of topics that is surfacing with much potential to set the country on
Morocco and Nigeria on Sunday signed a joint declaration in Rabat laying out the next steps for the completion of a gas pipeline deal that will be built onshore and offshore, Moroccan state news agency MAP said. The two countries agreed to the pipeline in December 2016 and launched feasibility studies ending with a plan
Kenya’s president, Uhuru Kenyatta flagged off a pilot scheme to export crude oil via Mombasa as part of efforts to capitalize on the country’s oil reserves. Kenya discovered commercial oil reserves in its Lokichar basin in 2012 and a 800-km (500-mile) pipeline is due to be built before production starts up in 2021/22. The national