Oil & Gas

Kenya to auction five oil and gas blocks

oil  mrpbpsKenya will put up five crude oil and gas exploration areas up for auction in the next two weeks

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OPIC loans US$250 million to Nigerian fertiliser plant

Petrochemical plantA Nigerian nitrogen fertiliser plant is set to receive a US$250mn loan from OPIC to boost agriculture, infrastructure, energy and financial services in the country

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Syndicate of banks grant NNPC US$1.5bn loan to pay off debts

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Nigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders

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Malawi secures US$76.5 million loan for fuel storage project

barrel  barekimMalawi has secured a loan of US$76.5mn from the Export-Import Bank of India for the construction of fuel reserve facilities

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Cove executives to start Africa-focussed exploration firm

oilwell  Geoff  Dianne RhodesFormer executives from Cove Energy Plc will start an Africa-focussed oil and gas exploration firm after the company was sold for US$1.9bn to Thailand’s PTTE, earlier in 2012

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