"Africa Energy" declared the opening of new petroleum province offshore in South Africa
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is glad to announce a notable gas condensate discovery on the Brulpadda prospects located on Block 11B/12B offshore South Africa.
Africa Energy holds a 4.9% effective interest in the Exploration Right for Block 11B/12B.
Read more: "Africa Energy" declared the opening of new petroleum province offshore in South Africa
Tanzania-Uganda's oil and pipeline projects to top this year's infrastructure transactions in the region
A new report shows that Tanzania and Uganda top EA's oil and pipeline project funding needs this year as the two countries seeking over $7 billion funding for the said project.
According to Debtwire's Africa Project Finance Trend update for 2019, the oil and infrastructure sectors are the most probably to attract interest from investors and financiers this year.
The Nigerian crude market remains strong
Nigeria's Crude gets best supply since 2014 and this enables the Nigerian crude market to stay sturdy, with sellers feeling assured enough to supply fair light-weight and Qua Iboe around their highest in over four years, whereas Angola continued to trade at a brisk clip.
Reduced price of petroleum products pushed down taxi fares in Dar e Salaam
Energy and Water Utilities Regulatory Authority (EWURA) declared fuel price cut based on droping of global prices. It has been reported that for Dar e Salaam, petrol price dropped by 141/- per liter, diesel 212/- per liter and kerosene by 167/- a liter.
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This reduced prices of petroleum products has also reduced the taxi fares in some parts of Dar e Salaam city.
Read more: Reduced price of petroleum products pushed down taxi fares in Dar e Salaam
