Tanzanias energy firm Lake Oil has been cleared and is set to acquire the petroleum retail business of Hashi Energy, adding to Lake Oils existing gas distribution business in Kenya
Downstream
TechSci: African industrial valve market to surpass US$4bn by 2021
According to a recently published TechSci Research report "Africa Industrial Valves Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 - 2021", industrial valves market in Africa is forecast to surpass US$4bn by 2021
West African nations are flooding Asian markets with crude as Angola becomes top exporter
February 2017 was the largest amount of crude sent from West African oil producers to Asia in the last five year
Lekoil starts continous production at Otakikpo production
Lekoil announced that further to its previous announcement on 8 December 2016, the six kilometre offshore pipeline leading from the storage tanks to the tanker offloading manifold has been completed and commissioned
Nigeria's oil-for-fuel swaps save US$500mn
The Nigerian National Petroleum Corporation (NNPC) released a statement last week stating that its Direct Sale of Crude Oil and Direct Purchase of Products (DSDP) programme has saved over US$500mn to date