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Liquidation of Moroccan Refinery Samir Extended - Administrator
(Thursday, March 23, 2017) A Moroccan court has granted an extra month for the liquidation process for Samir, the country's only oil refinery, a court-appointed trustee said on Thursday.
China's Sinopec Buys First Major African Refinery in Chevron Deal
(Wednesday, March 22, 2017) China's Sinopec said on Wednesday it has agreed to pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana, securing its first major refinery on the continent.
China's Sinopec Nears Deal to Buy Chevron's South African Assets -Sources
(Friday, March 17, 2017) China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.
Little New Damage Found As East Libyan Forces Push to Secure Oil Ports
(Friday, March 17, 2017) Es Sider and Ras Lanuf are two of Libya's largest terminals.
Somali Pirates Release Hijacked Ship, Crew Without Ransom
(Thursday, March 16, 2017) Somali pirates released a hijacked oil tanker and its eight Sri Lankan crew on Thursday, a Somali security official and the pirates said, bringing the first hijacking since 2012 to an unusually swift conclusion without the payment of a ransom.
Unpaid Wages, Sackings Stir New Tension in Nigeria's Oil Hub
(Thursday, March 16, 2017) The moment a group of Nigerian contractors met executives from Italian oil major Eni to discuss unpaid wages they started shouting, calling them fraudsters and liars until a police commander restored calm.
Pirates Demand Ransom For Tanker Seized Off Somalia
(Wednesday, March 15, 2017) Pirates off the coast of Somalia, who hijacked an oil tanker with 8 Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force says.
South Africa's Engen to Ship Gasoil to Singapore in Rare Move -Sources
(Wednesday, March 15, 2017) South African petroleum company Engen is set to export a gasoil cargo to Singapore, according to trade sources and shipping data.
Somali Pirates Hijack First Commercial Ship Since 2012
(Tuesday, March 14, 2017) Pirates hijack an oil tanker with 8 Sri Lankan crew onboard, a Somali official says.
East Libyan Forces Say They Have Retaken Oil Ports
(Tuesday, March 14, 2017) The claim could not be independently verified, according to Reuters.
Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilise
(Monday, March 13, 2017) A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilised fighters in the area.
Exxon Agrees to Buy Stake in Mozambique's Area 4 Block
(Thursday, March 09, 2017) "This strategic investment will enable ExxonMobil's LNG leadership and experience to support development of Mozambique's abundant natural gas resources," Darren W. Woods, chairman and chief executive officer of ExxonMobil, said.
Nigeria Could Triple Gas Reserves If NLNG Expansion Goes Ahead -CEO
(Wednesday, March 08, 2017) Nigeria Liquefied Natural Gas Company (NLNG) could unlock three times as much gas as the country's proven reserves and create hundreds of thousands of jobs if it goes ahead with a proposed expansion plan, it said on Wednesday.
Algeria to Renew LNG Deal with France's Engie in March - Source
(Wednesday, March 08, 2017) Algeria's state energy company Sonatrach will renew a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year, a source at Sonatrach told Reuters on Wednesday.
Ghana Mulls Doubling Capacity of Planned Second Oil Refinery
(Tuesday, March 07, 2017) The operator of Ghana's sole oil refinery said the planned capacity of a proposed second plant could be doubled as the West African nation targets exports to neighboring countries.
Nigeria Seeks Return to Strong Growth with Sweeping Reform Plan
(Tuesday, March 07, 2017) Nigeria wants to become a net exporter of refined petroleum products by 2020, shifting away from its current reliance on imports of fuel, with limited domestic refining.
Libya's Biggest Oil Port Seized in Blow to Production Surge
(Friday, March 03, 2017) Libya's biggest oil port was seized by an armed group, dealing a blow to the North African country as it seeks to revive production of its most important commodity. Brent crude futures climbed.
Egyptian Researchers Turn Shrimp Shells into Biodegradable Plastic
(Thursday, March 02, 2017) Researchers at Egypt's Nile University are developing a way to turn dried shrimp shells that would otherwise be thrown away into thin films of biodegradable plastic they hope will be used to make eco-friendly grocery bags and packaging.
Nigerian Lawmakers to Investigate $17B Subsidies Received by State Oil Firm
(Wednesday, March 01, 2017) Nigeria's upper house of parliament will investigate allegations the state oil company illegally inflated funds it collected from an official subsidy scheme to 5.1 trillion naira ($17 billion) between 2006 and 2015, lawmakers said on Wednesday.
Ethiopia Mulls Road to Import Oil From War-Ravaged South Sudan
(Thursday, February 23, 2017) Ethiopia may finance a road linking it with South Sudan's largest oilfields, allowing the war-torn country to sell its neighbor fuel produced at a planned new refinery, a South Sudanese official said.