Africa Oil and Gas Market Update Dec, 2013

 Ophir Energy has commenced drilling operations at its 80% owned Mlinzi Mbali‐1 well in Block
7, Tanzania.
 Consumption of finished lubricants grew by 33% to reach 1.23 million metric tons of products in
2012.
 Base Oil Group I prices in Nigeria at the current level is oscillating in the range of USD 1025 ‐
1030/1030 ‐ 1055/1110 ‐1145 PMT.
 Dangote Targets 1.5m Tonnes of Local Sugar Production.