The Bioko Oil Terminal could become the largest oil and petroleum storage facility in West Africa following the signing of an agreement between the government of Equatorial Guinea and Arabian Energy
Solo Oil has acquired a 10 per cent interest in Helium One Limited and announced plans to progress further with the Ruvuma gas field, increasing its presence in Tanzania
The ownership of Lake Malawi, which has enormous oil and gas potential, remains in dispute with the government of Malawi announcing plans to take Tanzania to the International Court of Justice in The Hague
Canadian firm Africa Oil announced on 17 May that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 m of net oil pay in two zones
Libya and Nigeria, exempt from OPEC cuts, have yet to challenge the supply pact with a substantial increase in output, according to the Oil Market Report released by the International Energy Agency (IEA)
