National Oil Expands Regional Business
State-owned National Oil Corporation is expanding its reach in the lucrative petroleum exports market as part of its growth strategy, following the recent launch of a unit that will serve budding customers across East Africa.
The firm noted that with the recent positive business developments in East and Central Africa, they are looking at
Oil exploration begins in Lamu
US-based firm, Camac Energy, is commencing exploration for oil and natural gas on two blocks in Lamu.
Camac has a contracted Canadian firm Sander Geophysics Limited to undertake geophysical surveys on the L1B and L16 onshore blocks in Lamu.
Uganda parliament passes oil bill
The Ugandan parliament has passed a bill to fast-track the enactment of oil laws, ahead of the planned development of oil fields along Uganda’s western border
Nigeria to reduce gas flaring to two per cent by 2014
Nigeria has revealed plans to reduce gas flaring to two per cent from the current 11 per cent by 2014
Read more: Nigeria to reduce gas flaring to two per cent by 2014
