Shell has agreed to sell its Nigerian oil block and an associated pipeline to Nigerian-based Taleveras Group for US$2.5bn, said sources close to the matter
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Dragon Oil set to takeover Petroceltic for US$789mn
Dragon Oil has announced that it has plans to buyout oil firm Petroceltic for US$789mn to boost exploration and output in North Africa and Kurdistan Region of Iraq
Nigeria to account for 31 per cent of African liquefaction capacity
Nigeria will account for 21.9 mmtpa or 31 per cent of African liquefaction capacity by 2018
Egypt to buy majority oil product imports from UAE
Egyptian General Petroleum Corporation (EGPC) will buy 65 per cent of its oil product imports from the UAE’s ADNOC for a year
Angola produces 1.6mn bpd on average
Average oil production in Angola stands at 1.6mn bpd, representing a growth in production that will lead to the country hitting targets of two million bpd, according to the country’s oil minister
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