Africa
Nigeria announces reforms to lure oil and gas investment
Nigeria will offer tax credits and streamline contracting processes for new oil and gas projects, the Information Minister said, in a move by Africa's top energy producer to attract much-needed investment.
Tecnimont awarded new petrochemical contract by Sonatrach in Algeria worth $1.1 B
Maire announced that its subsidiary Tecnimont has been awarded by Sonatrach through a tendering process an EPCC contract for a new linear alkyl benzene plant in the industrial zone of Skikda, located 350 km east of Algeria.
Nigeria's Dangote wants to set up trading arm for Lagos mega refinery
Africa's richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and products supply for his new refinery in Nigeria.
Russia boosts fuel exports to Senegal on shipping sector demand
Russia has significantly increased its fuel exports to Senegal this year on rising bunker demand, as more companies are diverting cargoes around Africa instead of using Red Sea routes.
Borouge expands global presence with new offices in Kenya and South Korea
Borouge announced that it has established offices in Kenya and South Korea as part of its strategic initiative to expand its market share in high-growth geographies.
thyssenkrupp Uhde awarded ammonia revamp project in Egypt
thyssenkrupp Uhde Egypt has signed a contract with Egypt-based Delta Company for Fertilizer and Chemical Industries to revamp an existing ammonia plant complex located in Dakahlia, Talkha, Egypt.
Vitol buys first naphtha cargo from Nigeria's Dangote oil refinery
Trading house Vitol has bought the first naphtha cargo produced for export by Nigeria's new 650,000-bpd Dangote oil refinery.
Nigeria's new Dangote refinery to export fuel oil, naphtha cargoes
Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery.
Uganda says it is in talks to import all its oil via Tanzania
Uganda is negotiating with Tanzania to import all of its oil products through Dar es Salaam, which would mean an end to imports via Kenya's Mombasa port.
Oil little changed as demand concerns offset Middle East tensions
Oil futures were little changed as rising concerns about global demand caused the market to take a break after prices jumped about 6% last week on worries that Middle East tensions could cause supply problems.
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