International oil companies (IOCs) have said that there is a disconnect between private sector operators and plans by the Nigerian government to use the Petroleum Industry Bill (PIB) to attract US$108bn investment to the industry between 2012 and 2025
Gas
Heritage Oil to exit Iraq in favour of Nigeria
Heritage Oil will repay a US$294mn loan to partner Genel Energy by selling its 49 per cent stake in the Miran gas field in Iraq
MENA region’s gas exports ‘to rise substantially’
Libya’s better-than-expected post-conflict recovery is expected to have spurred solid growth for the Middle East and North Africa (MENA) region’s oil-exporting countries for 2012 according to a new report
Gas flow from West Africa Pipeline expected imminently
The Volta River Authority (VRA) has announced that it is expecting gas from the West African Gas Pipeline Company to start flowing by the end of November 2012
Ghana to export Jubilee gas to sub-region
Ghana has announced it intends to share its gas resources with other ECOWAS countries to help address the energy challenge facing the sub-region