Market News
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Petrol Is Nigeria\'s Biggest Import in Q3
Posted on :Monday , 21st December 2015
Premium motor spirit (PMS), popularly called petrol, has emerged Nigeria's biggest import out of a total value of Nigeria's imports of N1.69 trillion in the third quarter of 2015, the Nigerian Bureau of Statistics has said.
In its latest foreign trade statistics published on Thursday, the Bureau said that durum wheat and imported complete knocked-down (CKD) motorcyc. . .Sonangol and Eni Sign Deal for Refinery Optimization
Posted on :Monday , 21st December 2015
Luanda — A compromise agreement, which will result in the updating of plants of the refineries of Luanda and Lobito (Benguela), was signed recently by the chairperson of the Board of Directors of Sonangol EP, Francisco de Lemos José Maria, and the CEO of the Italian oil company (ENI), Cláudio Descalzi.
According to a press note from Sonangol that. . .Uganda: Oil Companies Seek Local Content Fund
Posted on :Thursday , 17th December 2015
Ugandan companies within the oil and gas sector want government to set up a special local content fund to finance their growth in order to be at the forefront of winning some of the lucrative tenders the industry offers.
The Uganda Association of Oil and Gas Service Providers argues that local companies require a lot of money to fully participate in the capital-intensive oil sect. . .Heavy Investment in Africa\'s Lubricant Industry
Posted on :Wednesday , 16th December 2015
A professor with the Rivers State University of Science and Technology, Port Harcourt, Steve Odi-Owei, has called for heavy investment in the production of quality lubricant in the country.
The professor, who spoke on "Human Capital Development and Capacity Building in Lubricant and Lubrication at the Nigerian Lubricant Summit in Lagos recently, said that. . .Chinese Lanpec Eyes Investment in Sudan
Posted on :Monday , 14th December 2015
The Sudanese Ministry of Petroleum has unveiled a design by Chinese based Lanpec Co. Ltd. for investment in Sudanese oil and gas refineries.
According to a statement by the Ministry the company has visited refineries in Khartoum and Port Sudan over the past period and has promised to conclude a memo of understanding in this regard within 45 days.
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