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Uganda and Nigeria three year MOU to promote oil & gas

UGANDA'S MINISTER OF State for Mineral Development Peter Lokeris, has signed for the promotion of oil and gas on behalf the Uganda government. Dr Emmanuel O. Egbogah, Special Advisor to the President on Petroleum Matters, signed on behalf of the Nigeria government.

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Egypt refining co in advanced financing talks

EGYPT-BASED PRIVATE equity firm Citadel Capital said a company in which it is an investor was in advanced talks to secure US$2.35bn in financing for a refinery project in the Cairo area.

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SOCO granted presidential decree for Congo Block

SOCO REPORTED THAT the Production Sharing Agreement for Block 5 in the Albertine Graben area of the Democratic Republic of Congo (DRC) has received the Presidential Decree, the final step in the concession award of the block.

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Sasol, Pretoria U. investigate synthetic diesel

A RESEARCH COLLABORATION between Sasol and the Department of Chemistry and Chemical Engineering at the University of Pretoria (UP) has led to the commissioning of high-tech equipment to gain better insights into the properties and performance of synthetic diesel fuels.

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Tullow faces Ugandan gains tax

UK explorer Tullow Oil has to pay capital gains tax on proceeds from the transfer of working interests, or farm-downs, in its Uganda assets to France's Total and China National Offshore Oil Corporation (CNOOC), a senior government official said.

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