The World Bank signed partial risk guarantee (PRG) agreements on 24 August for the ground-breaking 450MW Azura-Edo scheme, whose successful close is expected to pave the way for further independent power projects (IPPs). Financial close is...
Minerals, energy and water resources minister Onkokame Kitso Mokaila has sought to clarify the tender for the rehabilitation of the 132MW Morupule A coal power plant following accusations of impropriety. The local Sunday Standard accused the...
A major gas find by Italian major Eni in the Egyptian deep offshore could have profound consequences for a number of industries. Rising demand for gas-fired electricity in the last decade has all but submerged Egypt’s gas export ambitions, with...
The beleaguered Indeni refinery is battling corrosion damage to its key processing infrastructure from a shipment of highly acidic crude supplied by Swiss commodity trader Gunvor.“Government met the supplier of crude oil, Gunvor, on 5 August 2015...
National Oil Corporation (NOC) is widely reported to have signed an agreement with Glencore under which the Swiss-based trading company acquired rights to the Sarir and Messla crude being exported from Marsa al-Harigah in return for importing a...
Potential bid target San Leon Energy has spudded the El Aaiun-4 well on the onshore Tarfaya licence in the disputed Western Sahara. The well, which started drilling on 21 August, is using Entrepose Drilling’s Cabot 750 rig and is expected to take...
Zambia and Zimbabwe are battling the worst decline of water levels at the Lake Kariba reservoir in more than two decades, threatening the power supply of both countries. Zambia’s Zesco has warned it may have to shut down the Kariba North Bank...
For the first time in many years, the hard pressed Algerian government is considering an increase in electric power tariffs – a policy certain to meet intense opposition at a politically sensitive time. At the same time, the national gas and...
The Gulf monarchies may not seem the natural hunting ground for a French Parti Socialiste (PS) politician looking to burnish his electoral credentials, but François Hollande has started to feel at home with Gulf Co-operation Council (GCC) leaders...
War with Islamic State (IS, or Daesh) and the fiscal crisis caused by low oil prices have combined to undermine the political arrangements by which both federal Iraq and the autonomous Kurdistan Regional Government (KRG) have been governed since...
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