Oil & Gas – Page 2 – New Business Ethiopia

Oranto Petroleum to invest in Niger oil industry

October 30, 2018October 30, 2018 newbusinessethiopia

The Ministry of Petroleum of Niger to Grant Blocks R5, R6, Dibella and Dallol to Oranto. The blocks are located in the Agadem Rift Basin; Oranto Petroleum to receive technical data.

Ethiopia launches test crude oil production today

June 28, 2018June 29, 2018 newbusinessethiopia

Poly-GCL Petroleum Investment Limited today officially kick start crude oil production test in Ogaden Region of Ethiopia. The test production came after the heads of the company have met with Prime Minister Dr Abiy Ahmed yesterday. The two have talked about the prospect of commercial quantities of crude oil in the region.

Uganda secures oil refinery deal

April 13, 2018April 23, 2018 newbusinessethiopia

With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a US $4-billion refinery in the country’s Hoima district.

African oil week opens in Cape Town

November 1, 2017November 3, 2017 newbusinessethiopia

The African oil industry met this week in Cape Town to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialization of its huge gas and oil reserves.

Cape Town set to host 2017 Africa Oil Week

August 19, 2017August 22, 2017 newbusinessethiopia

ITE, organiser of top international oil and gas events, is pleased to announce details of the programme for the 24th Africa Oil Week, the world’s longest running oil and gas conference on the African continent, to be held in Cape Town, South Africa, from 23-27 October.

Tanzania secures $30 million loan to unlock its natural gas potential

April 6, 2017April 6, 2017 newbusin

The African Development Bank (AfDB) decided to provide around $30 million financing to help Tanzania unlock its natural gas resources , the Bank said. The $29.8 million financing is also believed to help the country mobilize domestic resources for the sector through leveraging domestic markets and local content initiatives.