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.

Australia Oil and Gas Market Update Dec, 2013

 OMV has closed the acquisition of assets in Norway and the UK (West of Shetland area) from
Statoil with the approval of the relevant authorities.
 Canegrowers defends sugar deal it knew nothing about.
 A Singapore‐based fuel oil trader with a Western trading house said he expected most of the
volumes from the Rosneft contract to head to China.
 Linde to introduce new LNG fueling station at NGV Conference.

Australia Oil and Gas Market Update Dec, 2013

• OMV has closed the acquisition of assets in Norway and the UK (West of Shetland area) from Statoil with the approval of the relevant authorities.
• Canegrowers defends sugar deal it knew nothing about.
• A Singapore-based fuel oil trader with a Western trading house said he expected most of the volumes from the Rosneft contract to head to China.
• Linde to introduce new LNG fueling station at NGV Conference.