Duma Energy Corp buys Hydrocarb Energy’s Namibian stocks
Hydrocarb Energy has announced that it has signed a Letter of Intent (LoI) for its 100 per cent stock purchase by Duma Energy Corp in Namibia
Downstream
Nigeria’s crude oil exports hope to hit 1.94 million bpd
Nigeria has plans to export four shipments of Bonny Light crude oil next month, boosting monthly exports to around 1.94mn bpd
Petronas to sell its stake in South Africa’s Engen Petroleum
Petronas has announced that it has started talks on selling its 80 per cent stake in South African fuel retailer Engen Petroleum Limited
Dana Gas reports record output in Egypt
Dana Gas has announced that it has achieved record production of 39,000 boepd in Egypt this year
Kuwait delivers ‘free’ crude and diesel to Egypt
Kuwait has announced that it has delivered crude and diesel worth US$200mn to Egypt as part of a US$4bn aid package to the North African country
