Tag Archives: Africa

BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.

Production from at least one Libyan oil field has also been disrupted by a dispute over security guards’ pay.

Oil prices surged on Friday after the shutdown of a key oilfield in Libya.

The field is operated by a joint venture between state-owned NOC and Italy’s Eni.

Trade sources have reported that Egypt has been looking to import five cargoes of LNG at competitive pricing.

Eni says to produce 2.9 bcf per day from Zohr field by second half 2019.

The country owed $2.4billion (£1.7billion) at the end of June 2017 .

Algeria is a major gas supplier to Europe.

Iran’s LPG exports appear to rise this year and for February. the country has already 132.000 tons fixed for lifting in three cargoes.

Libya boasts oil reserves of 41 billion barrels. perhaps the largest in Africa.