After several proposed amendments to the federal budget for 2015, finance minister Ngozi Okonjo-Iweala has announced that its latest iteration, which is before the National Assembly and is based on an oil price of $65/bbl, will not be passed...
Two consortia bidding to build a 60,000 b/d refinery near Lake Albert submitted final bids in December, and an announcement is expected soon. African Energy understands that, having initially favoured the Russian bid, the Ugandan government, or...
Saudi Arabia’s new king, Salman Bin Abdelaziz Al-Saud, has determined where succession will go once it finally passes to the next generation. King Salman wasted no time in appointing his Sudairi nephew Mohammed Bin Nayef deputy crown prince, and...
Saudi Arabia’s decision to preserve its market share over and above a high price for oil, supported within the Organisation of the Petroleum Exporting Countries (Opec) by the UAE, Kuwait and (reflecting improving relations) Qatar, is not expected...
Attention turned again to Yemen after Al-Qaeda in the Arabian Peninsula (AQAP) spokesman Nasser Bin Ali Al-Ansi claimed responsibility for the 7 January massacre at the Paris offices of satirical magazine Charlie Hebdo, in a video released on 14...
King Abdullah Bin Abdelaziz Al-Saud, Saudi Arabia’s 90-year-old monarch, remains in hospital in Riyadh, three weeks after being diagnosed with pneumonia. The aged king, who has a history of breathing problems, was admitted for tests on 31...
20 January 2015
In Africa, as elsewhere in the world, the great oil price divide pits producers confronted with looming budget deficits and pressures on reserves, like Algeria, Angola and Nigeria, against importers including...
Circle Oil has announced a gas discovery with the KSR-12 well on the Sebou permit. The well is the third in a six-well programme on the onshore Rharb Basin permit in northern Morocco, and follows two earlier discoveries. Broker Investec described...
Construction of the 1,000MW Lamu coal plant is set to go ahead after the Public Private Partnership Petition Committee ruled in favour of a consortium led by Kenyan companies Gulf Energy and Centum Investment Company following an appeal by China’...
Several high-profile government figures have been dismissed over a new power sector corruption scandal set to overshadow the contest for the leadership of incumbent party Chama Cha Mapinduzi (CCM) and ensure corruption remains top of the agenda...
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