International Container Terminal Services (ICTSI) has signed a contract with Port Autonome de Kribi (PAK) to develop, operate and maintain the Kribi Multipurpose Terminal (KMT) in Cameroon
Industry
Nigeria to set up oil and gas museum in Oloibiri
The Nigerian government is setting up an oil and gas museum with private sector participation in Oloibiri, Bayelsa State in the Niger Delta Area, where Shell D’Arcy, a forerunner of today’s Shell Petroleum Development Company (SDPC) successfully drilled the first oil well in Nigeria in January 1956
Change of management’s baton at ExxonMobil Nigeria affiliates
Exxon Mobil has announced David Liang as the new chairman and managing director for its three Nigerian affiliates
Mauritius declares state of environmental emergency after oil leak
On 7 August, the Prime Minister of Mauritius, Pravind Jugnauth, declared a ‘state of environmental emergency’ after a ship landed off the island nations coast started to spill oil
United Bank of Nigeria leads consortium of US$1.5bn pre-export funding for NNPC
The United Bank of Africa, a pan African financial services group with its headquarters in Lagos Nigeria, has acted as an initial mandated lead arranger with a consortium of Nigerian commercial banks in US$1.5bn pre-export finance facility for Eagle Export Funding Limited to enable the forward sale of crude by the Nigerian National Petroleum Corporation and National Petroleum Development Company (NPDC)
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