Category: Oil & Gas Industry
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๐บ๐ฌ Uganda plans to launch longest heated oil pipeline by 2027 โ minister
The world’s longest heated oil pipeline, the East African Crude Oil Pipeline (EACOP), is “still viable” despite funding delays caused by activist protests, with first deliveries expected by 2027. Construction of the pipeline began in 2017, and it will be almost 1,500 km long. The pipeline will run from two fields on the shores of…
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๐ฑ๐พ Libyan protesters block oil valves demanding release of kidnapped General
n a bold move on Tuesday, residents of Zintan, Libya, shut down key oil distribution valves in protest of the abduction of Brigadier General Mustafa al-Whayshi, head of the Central Security Department. Al-Whayshi was kidnapped last Wednesday, and his captors have not been identified. Local leaders in Zintan have accused the Dbeibah government and the…
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๐ณ๐ฌ Nigeria signs $1.2bn deal with Chinese firm to revamp gas plant for aluminium smelter
Nigeria has signed a $1.2bn (R21.67bn) contract with Chinese state-owned engineering firm CNCEC to revamp a gas processing plant crucial for the country’s aluminium production, its petroleum ministry said. The contract signed between CNCEC and BFI Group โ the core investor in the Aluminium Smelter Company of Nigeria โ is the first step towards reviving…
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๐ฒ๐ฑ Mali detains 3 Australian mining firm executives
Three expat executives from Australian company Resolute Mining, which owns a gold mine in Mali, have been detained for questioning, industry and judiciary sources told AFP on Saturday. It is the second time in just over a month that employees of a foreign mining firm have been detained in Mali, as the ruling military junta…
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๐ณ๐ฆ Gas may dash Big Oil’s Namibian dreams
International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore discoveries and turn the country they saw as the world’s last frontier of untapped oil into a prolific producer. They have since hit a major complication: an unexpectedly high percentage of gas in the fields,…
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๐ท๐บ๐น๐ผ Russia Emerges as Leading Supplier in Taiwan’s Oil Products Market
Russia has taken the lead in Taiwanโs oil products market, with the island nation importing nearly 114,000 barrels of Russian naphtha per day last month. This import level accounted for 66% of Taiwanโs total crude imports for the month, according to data from Kpler. This surge to an all-time high firmly establishes Russia as Taiwanโs…
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๐ป๐ช Venezuela to Propose Oil Projects to BRICS
World leaders are gathering in Kazan for the BRICS summit, and among them is Venezuelan President Nicolas Maduro, who arrived last night. Stepping off the airplane, he addressed journalists, stating that BRICS countries need the “oil muscles” of both Russia and Venezuela. Currently, the 9 BRICS member states represent 32% of global oil and condensate…
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๐ฆ๐ด Angola’s Cabinda oil refinery to start up by April, Gemcorp CEO says
Angola’s Cabinda oil refinery is set to start production by April, as it finishes its very first stage simply ahead of schedule but over spending plan, the CEO of Gemcorp Holdings Minimal, the job’s greatest shareholder, told Reuters on Tuesday. The refinery will be commissioned in January-February, with its very first products of fuels reaching…
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Turkeyโs oil exploration in Somalia raises regional concerns
Turkey has launched a significant oil and gas exploration mission off Somaliaโs coast, with the state-owned Turkish Petroleum Corporation (TPAO) leading the operation. The Turkish exploration vessel, now in Somali waters, is set to conduct seismic surveys over the coming months, marking a new phase in Turkeyโs strategy to expand its energy reach beyond the…
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Big Barrels: African Oil and Gas and the Quest for Prosperity
Big Barrels takes aim at the perception that in Africa oil and gas can do no good. For decades, resource wealth in Sub-Saharan Africa has been synonymous with corruption and dysfunction. The reality is far more complex and generally more encouraging. In a series of eight case studies Big Barrels looks at what African nations…
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