Wednesday, 23 January 2013 17:36
Posted by Shoaib-ur-Rehman Siddiqui
KAMPALA: Uganda will auction 13 blocks for oil and gas exploration when the country's president signs a new bill governing the petroleum sector into law, its junior energy minister said on Wednesday.
"We are waiting for a Presidential assent to that law and then we will be ready to advertise for a new licensing round. We have 13 blocks that are currently not licensed which prospective bidders can apply for," Peter Lokeris told Reuters.
Copyright Reuters, 2013* ...
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KAMPALA: Uganda will auction 13 blocks for oil and gas exploration when the country's president signs a new bill governing the petroleum sector into law, its junior energy minister said on Wednesday.
"We are waiting for a Presidential assent to that law and then we will be ready to advertise for a new licensing round. We have 13 blocks that are currently not licensed which prospective bidders can apply for," Peter Lokeris told Reuters.
Copyright Reuters, 2013* ...
BAGHDAD: Iraq's oil exports in December fell due to bad weather and a dispute with the Kurdish region, but the country still saw sharply higher income last year compared to 2011, new figures showed on Monday.
Sales of crude and revenues from oil exports last month were both the lowest figures since June, a statement from Iraq's oil ministry said, with average daily exports of 2.35 million barrels per day (bpd). The average price per barrel ...
ALGIERS: Algeria did not reduce its gas exports after the start of the hostage crisis at the In Amenas gas plant, the country's energy minister said Saturday.
"Our partners did not suffer from the situation. We did not cut our gas exports, we simply compensated the shortfall in production with production from other fields," APS news agency quoted Youcef Yousfi as saying.
He added that production at In Amenas made up only a small portion of Algeria's ...
ALGIERS: Islamist militants attacked a plant run by British oil giant BP in southern Algeria on Wednesday seizing a number of staff as a French offensive targeted jihadists in neighbouring Mali, diplomats said.
"The hostage-taking involved Britons, Norwegians and Japanese," one Western diplomat told AFP, adding that the Algerian army had launched an operation to try to free the captive staff.
The militants struck a BP plant in Ain Amenas, 1,150 kilometres (720 miles) southeast of Algiers, ...
NAIROBI: Kenya's energy regulator said on Monday it had cut retail fuel prices for petrol diesel and kerosene after the cost of crude oil fell marginally on international markets.
Fuel prices have a big effect on Kenya's inflation rate , which fell for a 13th straight month in December to 3.20 percent from 3.25 percent in November, having peaked at 20 percent in late 2011.
The Energy Regulatory Commission (ERC) reduced the maximum price of a litre ...
LISBON: Angola plans to increase oil production to 1.84 million barrels per day (bpd) this year and extend an output rebound that has helped the economy return to strong growth after three disappointing years, a government budget bill showed.
Angola briefly rivalled Nigeria, Africa's top producer, in oil exports in 2009, but its shipments fell back in the following two years due to a drop in oil prices and then technical problems and maintenance at some ...
