Africa
Nigeria refining capacity is one-sixth of needs, says oil minister
ABUJA (Reuters) — Nigeria's daily domestic refining capacity is now at 6 MM liters, while the country's daily consumption stands at 35 MM liters, the country's oil minister said on Thursday.
Vitol, Gunvor eye Mozambique fuel distributor privatization
MAPUTO (Reuters) — Global oil traders Vitol and Gunvor are interested in buying Mozambique's struggling state-owned fuel distributor Petromac, local media reported on Wednesday.
Mammoet performs complex shutdown in limited time with limited space
Mammoet, the world’s largest service provider specializing in engineered heavy lifting and transport, completed heavy lifting, transportation and rigging activities at Chevron South Africa in Cape Town for their annual scheduled maintenance.
Uganda, Tanzania sign deal for world's longest heated pipeline
KAMPALA (Reuters) — Uganda and Tanzania signed a framework agreement on their proposed $3.55 B crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years.
South Africa wants Sinopec to retain refinery capacity
CAPE TOWN (Reuters) — South Africa is in talks with China's Sinopec about its takeover of Chevron Corp's Cape Town refinery as it wants to ensure its production capacity is retained and enhanced, Economic Development Minister Ebrahim Patel said on Thursday.
Nigeria seen missing July target to buy cleaner fuel
LONDON (Reuters) — Nigeria's state-run oil company will keep buying cheaper, lower-quality gasoline for now because the government has yet to circulate new rules forcing a switch by July to cleaner fuels with less sulfur content, trading sources said on Tuesday.
Equatorial Guinea, Arabian Energy enter agreement for African oil terminal
MALABO, Equatorial Guinea -- Following the signing of an agreement between the Government of Equatorial Guinea and Arabian Energy DMCC to work together on the Bioko Oil Terminal in Saudi Arabia, the realization of the petroleum tank farm gained some important momentum.
South Africa to decide on new oil refinery this year
CAPE TOWN (Reuters) — South Africa, a net importer of refined oil products, needs a new refinery and the cabinet is expected to make a firm decision later this year on whether to build one, the new energy minister said on Friday.
Nigeria's NNPC finalizing $6 B worth of oil-for-product swaps
LONDON (Reuters) -- Nigeria's state oil company is in the final stage of signing $6 B worth of deals to exchange more than 300,000 bpd of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters.
Uganda selects firms for refinery talks, ready to sign exploration deals
KAMPALA (Reuters) -- Uganda's energy ministry said on Wednesday it would award three exploration licences next month and also said it had selected two firms with whom it would start negotiations for a possible agreement to develop a planned crude refinery.
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