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Egypt

EGYPT: Go Green Exhibition to present natural gas-powered vehicles on the 6th

Egypt is set to launch the ‘Go Green Exhibition’, the first of its kind in a two-day event from 4th January to 6th, highlighting the conversion of vehicles to clean energy and replacement technologies at the Egypt International Exhibition Center (EIEC). The event has been sponsored by President Abdel Fattah Al-Sisi. Despite the negative effect …

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Nigeria: Petrol price may drop this month, say marketers

The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers disclosed. Punch reports that according to them, since the cost of petrol has been largely determined by the price of crude oil, the recent marginal plunge in crude oil cost could lead to a …

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Nigeria’s Hydro Power Station Collapsed

Nigerians may experience a possible power outage, as some part of Hydroelectric Dam in Kainji collapsed. The hydro-power stations caved in after the opening of the four spillway gates to free surplus water caused by heavy rains. According to report, the management, Mainstream Energy Solution Limited, opened the points but discovered that the dam was …

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Tanzania, Uganda Signed $3.5B oil pipeline deal

Tanzania and Uganda signed an agreement to commence construction of a 1,445-kilometre (900 miles) oil pipeline through East Africa that conservation groups say threatens livelihoods and fragile ecosystems. The project focuses on oilfields in landlocked Uganda discovered in 2006 and proposes pumping the crude to the coast via a pipeline across Tanzania at an estimated …

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Nigeria: Petroleum Minister to lead campaign on switching car fuel from petrol to Gas

Nigeria’s The Minister of State for Petroleum Resources, Mr. Timipre Sylva says  has handed over his official vehicles to be remodelled to use gas as fuel instead of petrol. He said the move would enable him champion the campaign Nigerians to switch to gas as alternative to petrol for their vehicles. Sylva, as reported by allafrica.com, revealed …

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Mauritius prepares for the worst as oil spilling ship Disintegrates

The  ecological and economic disaster In Mauritius might get worse as the ship responsible for the oil spill  is gradually break into two. Already many Indigenous species are at risk of becoming extinct and locals’ livelihoods are in danger. The island will take years to recover from the oil spill according to Amnesty International. The population in …

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Saudi Arabia cuts Oil Output by 1 million barrels

Saudi Arabia announced a surprise move to slash oil output to the lowest in 18 years as it tries to spur the recovery from an energy crisis that has devastated the kingdom’s finances. Just hours after unveiling a slew of dramatic austerity measures, Saudi Arabia said it would cut oil output by another 1 million barrels a day on …

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Petroleum importers in Rwanda stuck with millions of litres of fuel

Importers of petroleum products are stuck with millions of litres of fuel following the decline in national demand on account of the COVID-19 lockdown. The lockdown has paralysed transport and industrial production leaving importers struggling with extra charges incurred in transport and packing fees. “Importers ordered for this fuel about two months before COVID-19. By …

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Global oil price benchmark slumps to $19

The global oil price benchmark, Brent crude, has extended its decline, plummeting to $19 per barrel on Tuesday, amid the demand collapse caused by reduced economic activity. Brent, against which Nigeria’s crude oil is priced, fell by $6.34 to $19.23 per barrel as of 11:01am Nigerian time on Tuesday, while US WTI stood at minus …

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NIGERIA: Rivers state arrests 22 Exxon Mobil offshore staff

No fewer than 22 offshore staff of Exxon Mobil were last Thursday night arrested in Rivers State, one of the leading oil-producing areas in Nigeria. 21 of the workers are members of the Petroleum & Natural Gas Senior Staff Association of Nigeria, PENGASSAN, while the remaining staff is the company’s, Chief Security Officer.  According to …

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