African Business News

China interested in importing Nigerian oil

China will possibly be importing more oil in from Nigeria owing to efforts towards strengthening ties between the two nations.

The report credited the Chinese interest to their embassys local economic and commercial counsellor Zao LingXiang who is said to have made this declaration.

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Tullow gets boost in Maersk Oil Kenya deal

Africa Oil Corporation, the partner of Tullow Oil Plc in Kenya has received Sh43.6 billion ($427 million) from Maersk Oil & Gas of Denmark in exchange for half of its stake in three exploration blocks located in the Lokichar basin.

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East Africa: Construction of Uganda - Tanga Port Oil Pipeline Starts August

Construction of the envisaged 4 billion US-dollar (about 8 trillion/-) pipeline to transport crude oil from Kabale in Uganda to Tanga Port is slated to commence in August, pending ongoing discussions between the two governments and investors.

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Construction of oil and gas field in Ghana on course says GNPC

The third oil and gas field in Ghana that is currently being constructed is on course, the Ghana National Petroleum Corporation (GNPC) has announced.

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