Vitol, Helios in talks for Shell's Africa downstream businesses

THE VITOL GROUP confirmed that it is in exclusive negotiations with Shell Oil Products Africa for the potential acquisition of equity in their downstream businesses in 19 countries in Africa, subject to final negotiations and any necessary regulatory and final company approvals.

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Demand for 91 RON gasoline slows to near halt

Demand for 91 RON unleaded gasoline from Europe into the Nigerian market has slowed to a near halt with a well supplied market and large backlog of cargoes remaining off the coast of Lagos.

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HSBC Seeks Partner for Libya refinery By End 2010

HSBC HOLDINGS PLC plans to bring on board by year-end an international oil company as strategic partner for a new refinery project by Libya's Zwara Oil Refining Co., or Zorco, business weekly Middle East Economic Digest reported recently.

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Power from gas in Cameroon

WARTSILA, A LEADING provider of flexible decentralised power generation solutions, has signed a contract to supply and install the largest gas engine power plant ever to be installed on the African continent.

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Foster Wheeler awarded refinery upgrade and modernisation contract for SONARA, Cameroon

Foster Wheeler AG announced that its Global Engineering and Construction Group has been awarded an engineering, procurement, and construction management (EPCm) services contract by Société Nationale de Raffinage (SONARA) for Phase 1 of the Limbé Refinery upgrade and modernisation project in Cameroon.

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