Nigeria's Oil Law Opens Door for Foreign Companies

A new Nigerian law that gives preference to local service companies also guarantees fair access to foreign oil companies who want to do business in the west African country, the oil minister said.

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Angola eyes output jump

ANGOLA EXPECTS NEW discoveries to boost crude output by 16 per cent next year when oil production will reach 2.2mn bpd, compared with 1.9mn barrels at present, deputy petroleum minister Anibal Octavio da Silva said.

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Libya seeks JV partner for refinery revamp

LIBYA IS EXPECTED to finalise the sale of a 50 per cent-stake in state-owned Azzawiya refinery this year as part of plans to modernise the country's refining sector and help it meet rising domestic product demand.

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Tanzania refinery project receives funding

US-BASED NOOR Oil & Industrial Technology Inc. is planning to construct a 200,000 bpd-refinery and an oil pipeline in Tanzania to supply refined fuel products to the domestic and regional markets.

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Chinese firms to operate new Egyptian refinery

EGYPT WILL BUILD its biggest oil refinery with Chinese investment worth US$2bn to meet growing domestic demand and boost exports to the Asian country, according to the oil ministry.

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