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Algeria to increase oil and gas investment by US$12 billion

Oil_flaring_desertAlgeria has announced plans to increase its investment in the natural gas and petrochemical sectors to US$80 billion over the next five years

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Gulf Power plans 80 megawatt electricity plant in Kenya

The power plant will be based in Athi River, 25 km from Nairobi. (Image source: Kenya Power)Kenyan gas-station operator and fuel importer, Gulf Power, has revealed plans to build an 80 MW power plant fed by heavy fuel oil

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Sinopec could rescue South African refinery project

(Image source: G. Leonard)PetroSA and Sinopec will join forces to build the multi-billion dollar Coega refinery that could process several hundred thousand barrels of oil per day (bpd)

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OPEC confident of meeting world oil demand

OPEC_oilThe Organisation of the Petroleum Exporting Countries (OPEC) has said it is confident that it can supply enough oil to meet market demand this year, according to its latest Oil Market Report

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Trafigura among host of Zambia contract winners

Puma_Energy_loading_rackNetherlands-based oil trader Trafigura has been named as one of six companies awarded contracts to supply undisrupted petroleum products to Zambia for the next two years

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