08282016Sun
Last update: Sun, 28 Aug 2016 11pm

Middle East & Africa

Markets - Energy - Middle East & Africa

Kenya raises retail prices of fuel NAIROBI: Kenyan consumers will pay more for fuel at the pump for the next month after the Energy Regulatory Commission raised retail prices during its monthly review on Tuesday.The ERC increased the maximum retail price of petrol in the capital, Nairobi, by 2.3 percent to 86.17 shillings ($0.8527) per litre, saying the costs of importing refined petroleum products had gone up. It also increased the retail prices of kerosene and diesel.Costs of energy and transport have a significant weighting in the basket of goods and services used to measure inflation in the East African country. Copyright Reuters, 2016 ...

Markets - Energy - Middle East & Africa

Kenya raises retail prices of fuel NAIROBI: Kenyan consumers will pay more for fuel at the pump for the next month after the Energy Regulatory Commission raised retail prices during its monthly review on Tuesday. The ERC increased the maximum retail price of petrol in the capital, Nairobi, by 2.3 percent to 86.17 shillings ($0.8527) per litre, saying the costs of importing refined petroleum products had gone up.It also increased the retail prices of kerosene and diesel.Costs of energy and transport ...

Markets - Energy - Middle East & Africa

Jordan launches tender to buy LNG for July delivery MILAN: Jordan's National Electric Power Company on Tuesday issued a tender to buy LNG supply for delivery in July, according to a notice on its website. Bid submissions are due on June 20, the notice said.Copyright Reuters, 2016 ...

Markets - Energy - Middle East & Africa

Botswana sees additional 820 MW of power by 2020 GABORONE: Botswana is looking to add up to 820MW of power into the national grid from both coal and solar powered plants by 2020, leaving it a surplus for exports, Minerals and Energy Minister Kitso Mokaila said on Tuesday. Independent power producers were expected to develop two 300MW stations while refurbishment of a 120MW coal-fuelled power plant was expected to be complete by end of 2017, Mokaila told a mining conference.A tender for a 100MW ...

Markets - Energy - Middle East & Africa

Iran's crude oil production at 3.8mn bpd DUBAI: Iran's crude oil production has reached 3.8 million barrels per day (bpd), the oil minister said on Tuesday, noting that Tehran has managed to export more than 2 million barrels per day after the lifting of sanctions."Iran's oil exports have doubled since February," Bijan Zanganeh was quoted as saying by oil ministry news agency SHANA in an address to members of the parliament.Copyright Reuters, 2016 ...

Markets - Energy - Middle East & Africa

Saudi Arabia's May crude oil output 10.270mn bpd DUBAI: Saudi Arabia's crude oil production in May was 10.270 million barrels per day, an industry source told Reuters on Monday. Crude supplied to the market in May was 10.450 million bpd, the source said. Supply to the market, both domestically and for export, may differ from production depending on the movement of oil in and out of storage. Copyright Reuters, 2016 ...

Markets - Energy - Middle East & Africa

Egypt to cut gas supplies to industry in August CAIRO: Egypt will divert natural gas supplies away from industry in August to meet increased demand from electric power plants, an official at the country's state gas board EGAS told Reuters on Monday.Natural gas shortages have in the past forced EGAS to ration gas supplies to industry during months of peak consumption, crippling production and hampering Egypt's economic recovery. Once an energy exporter, Egypt has turned into a net importer because of declining oil and ...