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Last update: Sun, 25 Sep 2016 08am

Middle East & Africa

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 ...

Markets - Energy - Middle East & Africa

Ghana sees rapid increase of oil, gas output as Sankofa field starts CAPE TOWN: Ghana's National Petroleum Corporation (GNPC) sees first oil production at the offshore Sankofa field being developed by Eni and Vitol in the second half of 2017, and initial gas output early the following year, an official said on Tuesday. The start-up of World Bank-supported Sankofa will help increase oil and gas output in Ghana, with total oil production seen averaging over 350,000 barrels a day at the end of 2022. Gas production was ...

Markets - Energy - Middle East & Africa

Equatorial Guinea blames Schlumberger for quitting LNG project CAPE TOWN: Equatorial Guinea's energy minister on Monday said US company Schlumberger walked away from talks with Ophir over the development of the Fortuna LNG project because it wanted to "monopolise everything." But Gabriel Obiang Lima said he was confident the project would go ahead and be successful, with Equatorial Guinea taking an equity stake via its state-owned companies. Copyright Reuters, 2016 ...