Skip to main content

Nigeria extends crude-for-product swaps until June 2019 – sources

Nigeria’s state oil firm NNPC has extended its crude-for-product swap contracts, the country’s main avenue to meet the bulk of its fuel needs, until June 2019, sources familiar with the matter said.
Despite having a refining capacity of about 445,000 barrels per day, its plants have been underperforming for years, making Africa’s biggest oil producer almost wholly dependent on imports to meet its domestic gasoline and diesel needs. (Reporting by Julia Payne; Additional reporting by Alexis Akwagyiram in Lagos; Editing by Adrian Croft)

Popular posts from this blog

Zambia to set up a wind energy plant

The government of Zambia is set to enhance electricity supply in the Eastern province through setting up a wind energy plant in Katete district. Katetet District Council Chairperson, Jeremiah Mawere confirmed the reports and said that implementation of the project, will create a new source for energy generation, an electricity grid infrastructure close to consumers in the district, thus creating electric power supply stability. Impact assessment Mr. Jeremiah Mawere further added that the  Zambia Environmental Management Agency (ZEMA)  is carrying out an impact assessment on the area apportioned for the plant.“ Mpepo wind energy, the company in charge of setting up the plant, will be harvesting wind thereafter, produce electricity. The identified area for the plant is in Chief Mbang’ombe’s area,” he said. The plant will not just enhance electricity supply but will also create employment and increase economic activities in the district. In add...
Read more

South Africa adds unit 2 of Medupi Power Station to the national grid

South Africa state-owned power utility Eskom has successfully synchronized unit 2 of the Medupi Power Station, set to be the largest dry-cooled power station in the world once complete to the national power grid eight months ahead of schedule. Eskom’s group executive for group capital, Abram Masango confirmed the report and said, the unit was loaded to 400MW, making it the fifth of the six Medupi units to be synchronised to the national grid. “The achievement of Unit 2 first synchronisation, marks a key milestone towards the full commercial operation of the unit. Lessons learnt on previous units were implemented on Unit 2, leading to the swiftness in delivering first power,” said Mr. Abram. Medupi Power Station The plant which will also be the fourth largest coal-fired power plant, is located in Lephalale, Limpopo. It is a greenfield coal-fired power plant comprising six units rated in total at 4,764MW installed capacity. It will be able to meet the elec...
Read more

Uganda-Tanzania Oil Pipeline inches closer to becoming a reality

Construction work on the Uganda-Tanzania oil pipeline seems closer to becoming a reality now that Tanzania has announced that they have completed geophysical and geological studies . This was announced by DR Kalemani Energy Minister for Tanzania who sought to allay rumors that the project may not see the light of day. The minister was speaking to the press in the company of his Ugandan counterpart Eng. Irene Muloni in Dar-es-salaam. 1400km pipeline When completed the pipeline will stretch from Hoima in Uganda to the Tanzanian Port of Tanga on the East African coast a distance of over 1400 kilometers and will cost an estimated US$ 4 billion. It is expected that 70 percent of the funding for the project will be raised by Uganda and Tanzania while the rest will come from Tullow and CNOOC. Also Read:Uganda, Tanzania sign deal for construction of US$ 4bn crude export pipeline Forth largest crude reserves in Africa The Homa to Tanga crude oil pipeline will deliver crude oil fr...
Read more