Edition:
United Kingdom

Wendell Roelf

South Africa sees new Saudi-backed $10 bln refinery onstream by 2028

07 Nov 2019

CAPE TOWN, Nov 7 South Africa's Central Energy Fund (CEF), partnering with Saudi Aramco, expects a proposed new 300,000 barrel per day crude oil refinery along South Africa's east coast to come onstream by 2028, making it the region's largest refinery, CEF's acting group chief executive said on Thursday.

Angola to name licensing winners in April, new round in Jan -ANPG official

07 Nov 2019

CAPE TOWN, Nov 7 Angola expects to announce the winners of its 2019 oil and gas licence auction round in April as part of a multi-year plan to boost declining output, a senior executive at the National Agency of Petroleum, Gas and Biofuels (ANPG) said on Thursday.

Somalia to announce plans for first oil licensing round in December

05 Nov 2019

CAPE TOWN Somalia will announce plans in December for its first ever oil and gas licensing round, its oil minister said on Tuesday, as the frontier market looks to attract new investment after decades of civil strife.

CORRECTED (OFFICIAL)-Somalia to announce plans for first oil licensing round in December

05 Nov 2019

CAPE TOWN, Nov 5 Somalia will announce plans in December for its first ever oil and gas licensing round, its oil minister said on Tuesday, as the frontier market looks to attract new investment after decades of civil strife.

South Africa's PetroSA eyes Russia for $359 million farmout deal

05 Nov 2019

CAPE TOWN/MOSCOW South Africa's national oil company PetroSA and Russia's state geological company Rosgeologia are in talks to finalize a $359 million farmout deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa, three sources said.

South African tax agency probing VAT and customs fraud

31 Oct 2019

CAPE TOWN South Africa is investigating criminal syndicates operating in the scrap metal, fuel and gold industries and responsible for value-added tax (VAT) and customs fraud estimated at "tens of billions of rand" a year, the tax commissioner said on Thursday.

UPDATE 2-South Africa sees budget deficit and debt soaring as economy flags

30 Oct 2019

* Gross debt seen rising, Mboweni warns of debt trap (Adds more details, analysts comments)

Leader of South Africa's main opposition party resigns

23 Oct 2019

JOHANNESBURG South Africa's Democratic Alliance (DA) leader Mmusi Maimane resigned as head of the main opposition party on Wednesday after four years at the helm, citing difficulties making the traditionally white liberal party appeal to majority black voters.

UPDATE 2-South Africa's power cuts expected to end Friday as generators return online

17 Oct 2019

* Government to reveal energy plan on Friday (Recasts with Eskom acting CEO comments)

Equatorial Guinea says currency caps will hurt Gulf of Guinea energy prospects

10 Oct 2019

CAPE TOWN New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and "destroy" Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.

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