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Tanzania’s geothermal energy plant to commence work in 2021

Tanzania’s government has revealed that it will commence construction of a geothermal energy power plant in Lake Ngozi, Mbeya Region in 2021. This was made known by the Tanzania Geothermal Development Company, TGDC. The company’s General Manager according to Dailynews, Mr. Kato Kabaka who spoke at a recent workshop for the parliamentary

Egypt signs MOU with IFC to boost infrastructure for petroleum, natural gas sectors

Egypt’s Ministry of Petroleum has signed a memorandum of understanding, MOU with the International Finance Corporation, IFC for the funding of infrastructure projects within the petroleum and natural gas sectors. Egypt Today reported that the MOU is targeted at getting support for turning Egypt into a regional hub for petroleum and natural gas

NDB signs $300m loan agreement with DBSA for South Africa’s energy sector

The New Development Bank, NDB and Development Bank of Southern Africa, DBSA recently signed a $300 million Greenhouse Gas Emissions Reduction and Energy Sector Development Project loan agreement. According to Banker Africa, under the Greenhouse Gas Emissions reduction and energy sector development project, BRICS bank would support renewable

Brazil’s Petrobras to participate in Israeli gas tender- Israeli minister

Israel’s Energy Minister, Yuval Steinitz has said that Brazillian state-run oil firm, Petrobras will participate in the country’s latest tender for offshore oil and gas exploration. The agreement was made known during Brazillian President, Jair Bolsonaro’s four-day visit to Israel. The minister said “It was agreed that Petrobras, which is among

New Mexican refinery to cost between $6bn to $8bn- Energy minister

Mexican Energy Minister, Rocio Nahle has revealed that the new oil refinery that the new administration seeks to build will cost between $6billion and $8billion.  Reuters reported that the refinery is expected to be ready in three years. Speaking on the development, the Minister mentioned that the project’s cost and timing estimates are in

China’s oil import to slow

China’s oil imports are predicted to slow along with the economy. Oil prices fell on Tuesday as China cut its 2019 economic growth target; thus, dimming the outlook for fuel demand. According to Lloyd’s List, electrification of the transport sector and any escalation in the US-China trade war will further affect China's oil imports. It is also

Saudi Aramco in talks to invest more in India’s oil market

Saudi Aramco is in talks with India’s biggest refining and petrochemicals company, Reliance Industries, for potential investments and is looking at other opportunities as well. Reliance Industries is India’s biggest refining and petrochemicals company which runs a 1.4 million bpd refining complex at Jamnagar in western India and plans to expand

China, Nigeria to lead global refining industry capacity from 2019 to 2023

A new report reveals that China and Nigeria are expected to be the major contributors to the global refining industry capacity growth between 2019 and 2023. According to the report by GlobalData, a leading data and analytics company, the projects planned and announced by the two countries for the five-year period show the duo will take the lead
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