The first of three Oil Review reports from the recent Platts fifth Annual Crude Oil Markets Conference and Forum in London
Downstream
Algeria to increase oil and gas investment by US$12 billion
Algeria has announced plans to increase its investment in the natural gas and petrochemical sectors to US$80 billion over the next five years
Gulf Power plans 80 megawatt electricity plant in Kenya
Kenyan gas-station operator and fuel importer, Gulf Power, has revealed plans to build an 80 MW power plant fed by heavy fuel oil
Sinopec could rescue South African refinery project
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)
OPEC confident of meeting world oil demand
The 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