Nigeria To Privatise Four Oil Refineries Next Year
Nigeria, Africa’s largest oil producer has disclosed plans to sell its four refineries by the end of the first quarter of 2014.
According to Nigeria’s Minister of Petroleum Resources, Diezani Alison-Madueke, plans are underway to privatise four state-owned oil refineries, including the two-unit 210,000 barrel-a-day Port Harcourt refinery.
“We would like to see major infrastructural entities such as refineries moving out of government hands into the private sector. Government do not want to be in the business of running major infrastructure entities,” she said in an interview with Bloomberg TV Africa in London, adding that “…we haven’t done a very good job at it over all these years.”
Read more: Nigeria To Privatise Four Oil Refineries Next Year
AFRICA OIL ANNOUNCES FIFTH CONSECUTIVE MAJOR OIL DISCOVERY IN KENYA
Africa Oil Corp.("Africa Oil" or the "Company") is pleased to announce that the Agete-1 exploration well in Block 13T, onshore Northern Kenya, has discovered and sampled moveable oil with an estimated 100 metres of net oil pay in good
quality sandstone reservoirs.
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The Agete-1 wildcat well is part of a major exploration campaign and has made the fifth consecutive oil discovery in the first of a chain of multiple rift basins across Africa Oil's acreage in the region.
Read more: AFRICA OIL ANNOUNCES FIFTH CONSECUTIVE MAJOR OIL DISCOVERY IN KENYA
AFRICA OIL ANNOUNCES KENYA OPERATIONS UPDATE
Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") announces that it will resume operations in Block 10BB and Block 13T on November 8, 2013 in Northern Kenya following successful dialogue with national and county government and leaders of the local community.
Sunbird Energy estimates a Resource at South Africa coal seam gas project
Sunbird Energy (ASX: SNY) has independently certified a Best Estimate (2C) Contingent Resource of 644 billion cubic feet of gas for its Mopane Coal Bed Methane Project in South Africa.
The assessment by MHA Petroleum Consultants supports the potential for a large scale coal
Read more: Sunbird Energy estimates a Resource at South Africa coal seam gas project
