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Africa Energy Intelligence /Archives

Archive n° 633 - 07/28/2010

Philippe Vasset

AFRICA

Editor in Chief

How Vitol is Making its Way in Africa

Long the “third man” in trading in Africa, Vitol is now competing on an equal foot with its two rivals, Trafigura and Glencore, which fought among themselves for years for oil business on the continent. (...) [650 words] [$9.5]

	WEST AFRICA
	Sahara a State Trader
	The Liberia Petroleum Refining Corporation called on the services of the Nigerian trader Sahara on July 22 to manage a contract for the purchase of 20,000 bpd of crude at preferential (...) [193 words] [$5.4]



CONGO-K
Mere Striplings, but with 2 Blocks
Caprikat Ltd and Foxwhelp Ltd were founded just three months before winning blocks on Lake Albert. (...) [322 words]


MADAGASCAR
Ophir Tracks Trend to Mozambique
Ophir has followed the geological trend of its blocks in Tanzania to Madagascar, and bought into Wilton Petroleum’s block. (...) [191 words] [$5.4]


CONGO-K
Soco Focuses on Lake Edward
Since developing block 5 in the Albertine Graben will be a costly affair, Soco is selling off a minority stake in Nganzi as well as its assets in Thailand to drum up cash. (...) [255 words] [$5.4]


Abuja/Sao Tome Total Replaces Chevron on JDZ
[126 words] [$1.8]


Lusaka Explorers Still Waiting for Licenses
[91 words] [$1.8]


Abuja Afren Buys out EER Nigeria Acreage
[80 words] [$1.8]


Kinshasa Clarification
[101 words] [$1.8]


UGANDA
Oil Firms Want to Change Law
Unhappy over some of the terms in new oil bill, Tullow Oil has appealed to the new oil chamber of commerce for help in modifying the wording. (...) [220 words] [$5.4]


SENEGAL/GUINEA BISSAU
Technology Trial for New Well
Rocksource is to test its technology to assess reserves between Senegal and Guinea Bissau in early 2011. The two countries are squabbling about rights over a discovery. (...) [246 words] [$5.4]


CONGO-K
Cabinda/Soyo Pipeline: Chapter 3
Negotiations between Congo-K’s oil ministry and Chevron to allow an Angolan gas pipeline to pass through Congolese waters have bogged down. (...) [269 words] [$5.4]


TUNISIA
Candax Gets the Shove on Chaal
The Tunisian government has decided against renewing the rights of Candax on the Chaal exploration block. (...) [338 words] [$5.4]


Abuja Correction
[48 words] [$1.8]


TANZANIA
Songas to Double its Capacity
Africa Energy Intelligence has learned that the Songas company could shortly win a green light from Tanzania to double the amount of gas it produces. (...) [302 words] [$5.4]


TANZANIA
A Key New Line
Seven donors are scheduled to lend money by the end of the month for a 667 km-long power line that will enable East African countries to buy and sell power in southern Africa. (...) [263 words] [$5.4]


CONGO-K
The Donors’ Secret Agenda
Congo-K’s leading donors are to publish a study at the end of this year that will identify the priority power projects in the country. (...) [327 words] [$5.4]


Addis Ababa Ethiopia Sees Itself as Key Supplier
[122 words] [$1.8]


IVORY COAST
Sinohydro in Grab for Soubre
The International Finance Corp.’s willingness to take part in funding the Soubre dam in the center-west of Ivory Coast has spurred new competition among companies keen on building the facility. (...) [219 words] [$5.4]


TANZANIA
Michael Howard
Retired British politicians are increasingly re-cycling themselves into African oil. After Mark Malloch Brown at Vitol (see Page 1), the former leader of Britain’s Conservative Party, Michael Howard, joined the board of Britain’s Orca Exploration on July 20. (...) [101 words] [$5.4]



TUNISIA
Chris Green
After serving for five years as technical director and then as head of operations at the Irish firm Circle Oil, Chris Green was named chief executive of the company on July 7. (...) [133 words] [$5.4]


GUINEA
John O’Keefe
Hyperdynamics has been continuing to beef up its management team since the American group signed a definitive agreement with Guinea on May 10 concerning its offshore block. (...) [130 words] [$5.4]


NIGERIA
Ledum Mitee
There’s some question over who is the real chief of the Movement for the Survival of the Ogoni People (MSOP). (...) [219 words] [$5.4]


ANGOLA
Sonangol
[123 words] [$1.8]



UGANDA
Uganda National Oil
[120 words] [$1.8]


SOUTH AFRICA
PASA
[91 words] [$1.8]


	MOZAMBIQUE
	Bigger Continental Shelf?
	The United Nations committee that examines limits of maritime boundaries will mull Mozambique’s request to extend its continental shelf next March. (...) [99 words] [$1.8]



	IRAQ/ANGOLA
	Sonangol Forges New Ties
	Angola’s Sonangol is currently in talks with Occidental Petroleum and Indonesia’s Pertamina to sell them 30% of the Iraqi blocks of Najmah and Qaiarah on which it has owned 75% since (...) [173 words] [$1.8]


	RWANDA/CONGO-K
	Two in Boat for Lake Kivu
	According to our sources, a delegation from Congo-K was in Kigali on July 9 to meet with Rwandan officials involved in projects to extract methane from Lake Kivu. (...) [210 words] [$1.8]


	NIGERIA/UNITED STATES
	Crude for Washington
	According to the latest figures from Nigeria’s National Bureau of Statistics for July, the United States doubled its imports of crude from Nigeria between 2009 and 2010. (...) [232 words] [$1.8]


AFRICA
RBC Capital Markets
[93 words] [$1.8]



AFRICA
Bank of America Merrill Lynch
[100 words] [$1.8]


SUDAN
Agar Corporation
[108 words] [$1.8]


	WEST AFRICA
	Funding for Puntland Well
	The Canadian firm Africa Oil Corp has moved to raise a total of USD 25 million in two separate cash infusions, on July 20 and at the end of the month. (...) [215 words] [$1.8]


	WEST AFRICA
	Deutsche Bank Tries Again
	After failing in its efforts to syndicate a USD 400 million loan for the Equatorial Guinea government (AEI 480), Deutsche Bank is making a fresh stab at winning business on West Africa’s (...) [197 words] [$1.8]



	NIGERIA
	Fines Total Over USD1 Bn
	On the heels of Technip and KBR (AEI 632), Italy’s Snamprogetti group negotiated the payment of a fine two weeks ago to the U. (...) [169 words] [$1.8]


	FRANCE/NIGERIA
	Still More for Maurel
	Launched last month, a bond issue by Maurel & Prom is now aiming to raise EUR 70 million through the sale of 5,511,812 units convertible into shares in the French oil company. (...) [158 words] [$1.8]


Algiers
Tadahiro Matsushita
[70 words] [$1.8]



Abuja
Amadou Toumani Toure
[87 words] [$1.8]


Kinshasa
Henry Bellingham
[55 words] [$1.8]

Archive n° 633 - 07/28/2010

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