The government of Angola has announced that it will impose a consumption tax of up to 10 per cent on petroleum companies operating in the country
Exploration
Total SA’s Nigerian units to borrow US$7.5 billion
The Nigerian subsidiaries of Total SA are to borrow US$7.5bn from eight lenders in the West African country to help fund their development programmes in the region
Apache Corporation to exit Kenya offshore operations
US oil and gas explorer Apache Corporation has announced that it will exit its Kenya offshore operations in the L8 Block
South African government to hold 20 per cent of new oil and gas projects
The South African government has announced that it will hold a free 20 per cent stake in all new oil and gas ventures in the country, under new legislation
Libya’s offshore Bouri field output close to 40,000 bpd
Libya is close to producing 40,000 bpd from its Bouri oilfield, offshore Mediterranean Sea
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