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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Oil demand recovers in China

"CHINA SETS THE tone as oil demand begins to recover" ran the headline to a special feature in OPEC’s March Bulletin.

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NOC boss outlines options and commitments in coming Libyan oil law

 THE CHAIRMAN OF Libya's National Oil Corporation (NOC), Shukri Ghanem, has outlined further proposals within the new oil law drafting process, saying that the reconstitution of the Oil Ministry is likely, as well as a transformation of the NOC into a commercial company, but he has reassured IOCs investing in the country that no further radical changes to their terms should be expected.

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Algeria names new Sonatrach boss

AN INDUSTRY VETERAN was named as head of Algeria's state energy company today, an appointment aimed at restoring stability to the company, which supplies one fifth of Europe's gas, after a damaging corruption probe.

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Oil Storage

A KENYAN COMPANY, Hass Petroleum Group is building a bulk fuel storage facility at the Dar es Salaam port in Tanzania as it expands its operations in the East and Central Africa region.

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