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Tag: African Oil and Gas news

Africa Oil and Gas Market Update Oct 2013

Posted by: Chemist Posted on: October 15, 2013

Oil and Gas Market Update for covering entire month of September 2013

  • Algeria invites bids for substation contracts ‐ Work will involve supplying and installing
    substations at four locations in Algeria.
  • OMV farms into Madagascar offshore block ‐ OMV will invest in an offshore exploration block
    west of Madagascar, the Austrian firm said in a statement without disclosing the value of the deal. OMV
    will acquire a 40 per cent stake in the “Grand Prix” block from Canada’s Niko Resources Ltd. “This
    acquisition is in line with OMV’s strategy “profitable growth” to develop a balanced Exploration &
    Production portfolio and opportunities also in the sub‐Saharan African region,” OMV said in the
    statement.

Africa Oil and Gas Market Update

Posted by: Chemist Posted on: July 5, 2013 ,

Main Update Highlights from entire month of June, 2013

Sonatrach awards US$100m gas contract to ABB ‐ Algerian state‐run energy group Sonatrach has
awarded ABB a US$100 million EPC contract for a new liquefied petroleum gas (LPG) pumping station in
Algeria.

BTG Pactual buys 50% stake in Petrobras Africa ‐ Investment bank BTG Pactual has agreed to buy
a 50 per cent stake of Petrobras’ African operations for US$$1.53 billion.

Plan to build mega port in Nigeria ‐ First phase of the project is scheduled to open in 2016. APM
Terminals and its consortium partners have announced plans to develop a new greenfield mega‐port
project and Free Trade Zone at Badagry in Nigeria’s Lagos State, 55 km (34 miles) west of Apapa and the
Port of Lagos on the Benin‐Lagos Expressway. At full build‐out, the deep‐water full‐service port will be
one of the largest in Africa with 7 km of quay and 1,000 hectares (2,470 acres) of dedicated yard, and
will include state‐of the art facilities for container, bulk, liquid bulk, Ro/Ro and general cargo as well as oil and gas operations support and a barge terminal. Plans for the adjoining Badagry Free Trade Zone
will include a power plant, oil refinery, industrial park and warehousing and Inland Container Deport
functions. The first phase of the project is scheduled to open in 2016.