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.”
Ghana's domestic lumber supply boosted with partnership scheme
Ghana is piloting an artisanal milling concept to increase domestic lumber supplies, combat illegal logging and promote sustainable forest management.
Tropenbos International Ghana is collaborating with its partners to build partnerships between artisanal milling groups and forest concession holders.
An initial agreement has been signed between millers in Sankore and Akrodie and a sawmill company, Logs and Lumber Limited (LLL) for supply of logs harvested in the Goaso Forest Reserve in the Brong Ahafo Region.
The Asunafo North Municipal Artisanal Millers Association is enthused at the initiative.
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.
Zimbabwe Timber sales grow
ZIMBABWE’S national timber sales volumes surged 44,5% to 267 888 cubic metres for the year ended December 2012 due to increased demand in both local and export sales, latest industry statistics show.
According to the Timber Producers’ Federation’s recently published annual report, timber export sales increased by 89% to $21,4 million from $11,3 million prior year while local sales increased by 50,8% to $36,1 million from $23,9 million on the same period last year.
Saw and processed timber for local sales increased to $28,311 million from $19,7 million while export sales increased to $17,3 million from $9 million in 2011.
