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.