By Zeenat Ganie Kenyan president, Uhuru Kenyatta inspected the ongoing construction of the Shs40 billion (approximately $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96% complete, is wholly funded by the Kenya Ports Authority (KPA) and implemented by China Communications Construction Company.
Kenya has stepped up oil and gas exploration activities in the Lamu Basin weeks after rejecting a ruling over a four-decade maritime dispute with Somalia. Petroleum commissioner James Ng’ang’a said that ENI Kenya Business Venture (BV), formerly Agip, started drilling last month at Mlima-1 well, which is also known as Block L11B. This follows seismic
Kampala, Uganda — CNOOC Uganda Limited, an oil and gas company recently trained and awarded certificates to drivers in heavy goods vehicle driving undertaken since October 2021. The beneficiaries can now professionally drive heavy goods trucks and trailers (class CH License) or rigid trucks (class CM license). The training was undertaken in accordance with the
By Business in Cameroon On December 29, a Presidential decree authorized the Minister of Economy Alamine Ousmane Mey to sign an €83.5 million (XAF55 billion) Murabaha financing agreement [ed. note: a sort of credit sale agreement] with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IsDB). The monies thus raised
Petroleum and Mineral Resources Minister Tarek el Molla had talks with Italian Ambassador to Egypt Michele Quaroni on boosting bilateral cooperation in the oil and gas sector. In statements on Tuesday, the minister said that Italian company “Eni” is Egypt’s main partner in the petroleum sector, underlining its vital role in the oil and gas