Following a meeting with international oil and gas majors, Kenyan State House has announced that the President Uhuru Kenyatta will flag off the first shipment of oil from Lokichar in Turkana County on 3 June 2018
Downstream
EBRD provides US$200mn loan to modernise oil refinery in North Africa
The European Bank for Reconstruction and Development (EBRD) has announced to provide US$200mn loan to help in energy efficiency and modernisation of the oil refinery owned by Suez Oil Processing Company (SOPC) in Egypt
Modulift refurbishes subsea beams for oil and gas project
Modulift has refurbished two subsea spreader beams for a major subsea installation contractor before they were used to lift 260 tonnes and 280 tonnes manifolds for a field development offshore Libya
Low oil production minimised Cameroon’s economic growth in 2017, says IMF
Overall economic growth in Cameroon decelerated to 3.2 per cent in 2017, due to a steep decline in oil production despite the gradual rebound in international prices, said IMF’s Corinne Deléchat after concluding visit to Yaoundé from 27 April to 14 May 2018
Sierra Leone extends bid deadline of fourth licensing round
The government of Sierra Leone has announced to extend the close date of the country’s fourth licensing round to 27 September 2018, which is being supported by the UK-based natural resource exploration expert Getech Group, through its wholly-owned subsidiary ERCL