A KENYAN COMPANY, Hass Petroleum Group is building a bulk fuel storage facility at the Dar es Salaam port in Tanzania as it expands its operations in the East and Central Africa region.

THE REVENUE MOBILIZATION Allocation and Fiscal Commission, the agency responsible for monitoring Nigerias oil incomes, has asked the federal government to stop funding the joint venture cash call requirement of the state-run Nigeria National Petroleum Corp from the governments account.

SINCE THE TURN of the century, major foreign oil investments as well as ongoing foreign assistance and capital have continued to boost Chad’s economy. Despite this, more than 80 per cent of Chad’s population still relies on subsistence farming and raising livestock for its economic sustenance.

A NEW REPORT from management consulting firm, Arthur D. Little, has called for international oil companies (IOCs) to rethink traditional models of asset management and consider moving towards a more integrated and cross-asset view in order to ensure long-term success in a changing marketplace.