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More Libyan oil expected on global market

Libya’s state-owned oil company said operations resumed at the western Zawiya oil terminal after protesters ended a blockade. More Libyan crude oil is expected to arrive on the international market after the central government brokered a deal with eastern rebel leaders to open export terminals there last week. Libya has struggled to return to its pre-civil war production level of 1.6 million barrels per day. Market tensions over energy security in Eastern Europe were countered by prospects even more Libyan oil would come from the Zawiya oil port in the west of the country. The International Monetary Fund said the Libyan energy sector represents about $63 billion to the government, a majority in terms of percentage of gross domestic product. In March, a progress report on Libya from the European Commission said a blockade on oil exports by eastern federalists has "severely" affected Libya’s fiscal situation. [ BBC ] […]

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Jordanian envoy kidnapped in Libya attack

Libya has faced insecurity and instability since Muammar Gaddafi was ousted in 2011 The Jordanian ambassador to Libya has been kidnapped in the capital Tripoli, in an attack that left his driver wounded, officials say. Libya’s foreign ministry confirmed Fawaz al-Itan’s kidnapping to the BBC, adding that his driver was in hospital. The Jordanian prime minister said that the envoy’s release was being negotiated. Libya has been plagued by instability since armed groups toppled Muammar Gaddafi from power in 2011. "The Jordanian ambassador was kidnapped this morning. His convoy was attacked by a group of hooded men on board two civilian cars," government spokesman Said Lassoued told AFP news agency. On Sunday, Libya’s newly appointed Prime Minister Abdullah al-Thinni stepped down after what he described as a "cowardly attack" on him and his family by a militia. Mr Thinni had been appointed as PM after his predecessor Ali Zeidan […]

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Nigeria: Shale Oil Cuts Crude Export Revenue By N181 Billion – NNPC

Nigeria’s total crude export declined by 13.45 per cent, between December 2012 and December 2013, leading to a loss of $1.134 billion, about N181.44 billion, due largely to a 90 per cent drop in crude oil exports to the United States which has stepped up production of shale oil and gas, LEADERSHIP has learnt. Specifically, the country recorded total crude export of 64.537 million barrels in December 2013, down by 10.03 million barrels from 74.564 million barrels recorded at the end of 2012. As a result, the country earned $7.299 billion, about N1.168 trillion, from crude export as at December 2013, down by $1.134 billion (N181.44 billion) from $8.434 billion, about N1.349 trillion, recorded in December 2012. KPMG Professional Services had in February warned that the discovery and exploration of shale oil and gas across the globe would put Nigeria’s economy at serious risk, unless the country was able […]

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Nigeria’s Refining Capacity Rises to 26 Percent

The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation of Nigeria’s four refineries at 25.95 per cent for the month of December 2013. According to data from the NNPC’s December 2013 Monthly Petroleum Information, this is a significant improvement from the 6.46 per cent average capacity utilisation of the refineries in November 2013, and a slight decline from the 30.87 per cent utilisation year on year to December 2012. The refineries are the Kaduna Refining and Petrochemical Company (KRPC), Port Harcourt Refining Company (PHRC 1 & 2), and the Warri Refining and Petrochemical Company (WRPC). Specifically, the NNPC put the respective average capacity utilisation of the refineries in December, as: KRPC – 32.96 per cent, PHRC – 4.48 per cent, and WRPC – 40.41 per cent. According to the NNPC, 388,000 metric tonnes, MT, of dry crude oil, condensate and slop was received by the […]

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Nigeria's Refining Capacity Rises to 26 Percent

The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation of Nigeria’s four refineries at 25.95 per cent for the month of December 2013. According to data from the NNPC’s December 2013 Monthly Petroleum Information, this is a significant improvement from the 6.46 per cent average capacity utilisation of the refineries in November 2013, and a slight decline from the 30.87 per cent utilisation year on year to December 2012. The refineries are the Kaduna Refining and Petrochemical Company (KRPC), Port Harcourt Refining Company (PHRC 1 & 2), and the Warri Refining and Petrochemical Company (WRPC). Specifically, the NNPC put the respective average capacity utilisation of the refineries in December, as: KRPC – 32.96 per cent, PHRC – 4.48 per cent, and WRPC – 40.41 per cent. According to the NNPC, 388,000 metric tonnes, MT, of dry crude oil, condensate and slop was received by the […]

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Nigeria Blast Kills Dozens as Militants Hit Capital

Emergency workers at the scene of an explosion on Monday that killed at least 71 people in Abuja. LAGOS, Nigeria — Militants struck near the heart of the Nigerian state early Monday, bombing a bus station in the capital, Abuja, just miles from the seat of government in one of the worst attacks in years in the country’s struggle with insurgents. At least 71 people were killed in a blast that ripped through dozens of vans and coaches, leaving a grim spectacle of dead and wounded. Top Nigerian officials, whose offices are a short distance away, immediately attributed the bombing to the Islamist group they have been battling for years, Boko Haram. If that turns out to be the case — and the group itself rarely acknowledges its actions — Monday’s bombing would represent a significant amplification of Boko Haram’s bloody campaign to undermine the Nigerian state. Over the […]

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Libya remains in the grip of rivalrous rebel factions

Dragging deeply on a cigarette and swirling his espresso dregs, the curly-haired young militiaman offered up a vivid account of the battles he and fellow rebels waged to bring down dictator Moammar Kadafi — days of blazing bombardment, thirsty desert nights. Then he voiced his dismay at the chokehold those same armed groups now maintain on Libya. "We fought so hard to make a new country," said the 28-year-old of Libyan extraction who left Britain to join the revolution that swept this North African nation in 2011. "Now it’s all about money. Money and guns." The rebel groups that worked together to oust Kadafi have fragmented into rivalrous factions whose outsized collective power has sapped Libya’s oil wealth, turned a nascent government structure to tatters and ushered in a grim cycle of assassinations, abductions and firefights in the streets. International attention tends to focus on the […]

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Prime Minister of Libya Says He Will Resign

Libya’s leadership said Sunday that the interim prime minister had declined a parliamentary mandate to form a new government and would step down, in a move likely to compound the difficulties facing a government already divided and facing widespread unrest and militia violence. The interim prime minister, Abdullah al-Thinni, announced on the government’s website that he was leaving his post but would stay on as leader of the cabinet until a replacement could be found. He is the second Libyan prime minister to resign within two months, underlining the nation’s instability after the fall of Col. Muammar el-Qaddafi in 2011. Mr. Thinni said that he was stepping down “to protect the interests of the country and so as not to drag different sides into fighting when there can be no winner.” He also said his decision was related to an armed attack on him and his […]

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Discontent Swells as President of Algeria Seeks a Fourth Term

With a presidential election on Thursday, most Algerians see a fourth term for the incumbent, Abdelaziz Bouteflika, as a foregone conclusion. Mr. Bouteflika has already been in power 15 years. In the last election in 2009, he was returned to office with an improbable 90 percent of the vote. So tightly controlled is this North African country that, virtually alone in the region, it passed on the Arab Spring. Yet even as the re-election of Mr. Bouteflika, 77, appears inevitable, his insistence on running again, despite his apparent frail health, has increased popular exasperation, revealed unusual signs of division within the ruling elite and provoked an unlikely show of solidarity among opposition parties, both secular and Islamic, which have united in a call to boycott the election. Exceptionally, a nascent urban middle-class youth movement, Barakat! (“Enough!” in Arabic), styled along the lines of the protests organized through […]

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Two Libyan Oil Facilities on Verge of Reopening

An oil terminal in eastern Libya, which has been occupied by rebels, is on the cusp of loading its first tanker since the takeover, and another terminal has restarted operations, an oil official said Sunday. Speaking to the Wall Street Journal, The news is the latest sign Libya’s embattled oil industry could be on its way back to recovery follows a deal between the government and the rebels who had occupied terminals in eastern Libya since the summer seeking greater autonomy in the region, Muhammad el-Harari, a spokesman for Libya’s National Oil Corp., said a first tanker will "start loading one million barrels late Sunday or early Monday" from the Hariga terminal. The group, led by militia chief Ibrahim al-Jathran, has also agreed to leave Zueitina terminal. The rebels have yet to reach an agreement with the government on two larger ports, Ras Lanuf and Es-Sider. The oil company […]

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Sudan: Three-Month Crisis As Fuel Shortage Silences Water Pumps in Gireida, South Darfur

The displaced inhabitants of camps in Gireida locality, South Darfur, face an acute shortage of drinking water as a result of a lack of fuel. One of the camp sheikhs told Radio Dabanga that the crisis in the camp has entered its third month. This is in spite of the fact that the authorities levy fees from all the displaced families to provide fuel. He said that two tins of water from the station within the city now cost SDG 1.5 ($0.26). The sheikh appealed to the authorities to speed-up resolving the problem because the displaced lack the resources and the financial means to fetch water.   Copyright © 2014 Radio Dabanga. All rights reserved. Distributed by AllAfrica Global Media ( allAfrica.com ). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. […]

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Blast rips up busy bus station in Nigerian capital

An explosion has blasted through a busy commuter bus station on the outskirts of Nigeria’s capital, Abuja, as hundreds of people were traveling to work. Many are feared dead. The blast destroyed more than 30 vehicles and caused secondary explosions as their fuel tanks exploded and burned. The Boko Haram terrorist network has been threatening to attack the capital, in the middle of the country and hundreds of miles from its traditional base in the northeast, where it has killed hundreds of people this year. The Islamic extremists claimed a 2011 suicide bombing by two explosives-laden cars that drove into the lobby of the United Nations office building in Abuja. It killed at least 21 people and wounded 60.

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Libya Poised to Boost Oil Shipments After Port Reopens

Libya , the OPEC nation producing at about 10 percent of capacity, is set to raise oil shipments next week as a tanker was booked to load crude from one of four ports seized last year by rebels. State-run National Oil Corp. lifted force majeure on the Hariga terminal yesterday, according to a statement on its website . Vienna-based oil company OMV AG provisionally booked a tanker to load as much as a million barrels of oil from the port next week, according to two traders with knowledge of the matter. Hariga has oil in storage ready to export, according to the oil ministry. Brent crude , a benchmark of half the world’s oil, has fallen about 3 percent this year amid speculation that Libya would restart shipments. The possible return of supply is weighing on prices, said Seth Kleinman, Citigroup Inc.’s London-based head of energy research, after the […]

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Oil India Said to Study Purchase of Shell’s Nigerian Blocks

Oil India Ltd. (OINL) , the nation’s second-biggest state-run explorer, is studying an acquisition of Nigerian oil and gas assets owned by Royal Dutch Shell Plc (RDSA) , according to people familiar with the matter. Oil India is weighing a bid for stakes Shell holds in some onshore blocks, valued at as much as $2 billion, the people said. It will partner with India’s Sandesara Group on the potential purchase, according to the people, who asked not to be identified as the deliberations are private. The explorer joins Dangote Group , controlled by Africa’s richest man, and Seplat Petroleum Development Co. in seeking to acquire Nigerian assets being sold by Western rivals. Shell and Chevron Corp. are divesting fields in the country amid persistent violence and crude theft in the oil-rich Niger River delta. India’s government-run oil companies are building on their record $5.5 billion of acquisitions last year […]

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In Libya, politicians in fear of powerful militias

In a humiliating video, Libya’s top politician – the head of parliament – is seen begging with a militia commander, trying to explain to him why he was caught with two women in his residence and insisting nothing scandalous was going on. "In God’s name," Nouri Abu Sahmein tells the militiaman, Haitham al-Tajouri. "I’m hiding nothing from you, Haitham." Visibly afraid, Abu Sahmein tells him the women claimed to have "sensitive information" at a time he has received tips about a cell plotting to assassinate him. "I want to close this all up, but I want to understand. I am not a fool," the militia commander replies, speaking from off camera. The video, taken and leaked by the militiamen and shown earlier this month on Libyan TV stations, sparked an uproar and prompted the prosecutor general to investigate, summoning Abu Sahmein and al-Tajouri for questioning. […]

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Nigeria: Refineries Are Best Abroad

QUEUES for petrol still dot many Nigerian cities and villages. This is to tell government that importation would never solve the country’s challenges with fuel. Groups that once challenged governments over the matter have long gone to other affairs, seeing how selective governments remain about matters on which they heed advice. Nobody bothers government any longer about the domestic refineries,which are oscillating between public and private ownership. In moments of apparent concern or fitful wakefulness, government announces privatisation or sale of refineries. After predictable public outbursts rejecting the proposal, our listening government relents. A long bout of silence ensures. What appears uttermost in the minds of Nigerians is getting affordable fuel for their vehicles and to run their power generators, without which they are guaranteed darkness. Many parts, these days, go for weeks without electricity. Where it is available, it is at most epileptic. The concentration on getting through […]

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Western powers hail Libyan oil deal

Western powers praised a deal ending blockades at eastern Libya oil export terminals, saying their closure had spoiled the nation’s economy for nine months. A joint statement by the French, German, Italian, British and U.S. governments praised Libyan Prime Minister Abdullah al-Thinni for brokering a deal to end blockades at Libyan ports. They said in their statement Monday the blockade had "done so much damage to the Libyan economy and to the Libyan people over the last nine months." The International Monetary Fund said the Libyan energy sector represents about $63 billion to the government, a majority in terms of percentage of gross domestic product. In March, a progress report on Libya from the European Commission said a blockade on oil exports by eastern federalists has "severely" affected Libya’s fiscal situation. Last weekend, the Libyan government agreed on terms with eastern rebel leaders to […]

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Uganda, Kenya to Build World's Longest Heated Oil Pipeline

Should Uganda and Kenya finally build a crude oil export pipeline, it will be the longest heated such facility in the world. According to a report released last month by Tullow Oil Plc, both countries have agreed to build the pipeline and have commenced a comprehensive study on the pipeline. "Tullow and its partners have agreed with the government of Kenya to commence development studies. In addition, the partnership is involved in a comprehensive study for an export pipeline," the Tullow Oil Plc annual report 2013 reads. According to the report, the export pipeline route on the Kenyan side is expected to run mostly underground, over 850 kilometres from the Lokichar basin to the coast. Kenya is to construct the pipeline from Lokichar basin while Uganda is expected to construct its part of the pipeline from the Lake Albert rift basin to link up with the Kenyan pipeline and […]

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Uganda, Kenya to Build World’s Longest Heated Oil Pipeline

Should Uganda and Kenya finally build a crude oil export pipeline, it will be the longest heated such facility in the world. According to a report released last month by Tullow Oil Plc, both countries have agreed to build the pipeline and have commenced a comprehensive study on the pipeline. "Tullow and its partners have agreed with the government of Kenya to commence development studies. In addition, the partnership is involved in a comprehensive study for an export pipeline," the Tullow Oil Plc annual report 2013 reads. According to the report, the export pipeline route on the Kenyan side is expected to run mostly underground, over 850 kilometres from the Lokichar basin to the coast. Kenya is to construct the pipeline from Lokichar basin while Uganda is expected to construct its part of the pipeline from the Lake Albert rift basin to link up with the Kenyan pipeline and […]

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Libya Oil Sales to Rise as Rebels Surrender Two Ports

Libyan rebels surrendered control of two oil ports to the government, potentially enabling the OPEC member to triple crude exports this month with an increase of at least 180,000 barrels a day. Brent futures dropped. The self-declared Executive Office for Barqa handed over the oil terminals of Zueitina and Hariga overnight, said Ali Al-Hasy, a spokesman of the group that seeks self rule for the region that is also known as Cyrenaica. An agreement yesterday with the government also provides for the rebels to relinquish the other two ports they control, Es Sider and Ras Lanuf, in two to four weeks, he said. The government confirmed the agreement in a statement on its website. With Africa ’s largest oil reserves, Libya’s oil production slumped by more than 1 million barrels a day in the past year as protests halted oil fields and ports. Brent crude futures, which fell 1.3 […]

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Nigeria: Oil Production

Oil theft looks set to push Nigeria off its spot as top African crude oil exporter in May and exports could fall to their lowest since records began in 2009, data have shown. Nigerian exports in May are set to be at around 1.59 million barrels per day (bpd) excluding the Forcados and Ebok grades of crude oil, which had still not emerged. Exports are far below the high above 2.2 million bpd reached in 2011, and the May figure is set to fall beneath the exports of Angola, which is usually the continent’s second largest exporter. According to Reuters, Angolan exports in May were set to be 1.67 million bpd, a provisional shipping list indicated. Production of the Forcados grade has been hit by underwater pipeline leakage due to oil theft which led operator, Shell, to declare a force majeure on the grade last week.   Copyright © […]

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Nigeria’s Crude Export to Us Declines By 91 Percent – India, Highest Buyer of Nigeria’s Crude

NIGERIA has started to witness the negative effect of shale oil exploration in the United Stated of America, USA, and other parts of the world, as Nigeria’s crude oil export to North America dropped by 91.31 per cent in one year. Specifically, data obtained from the Nigerian National Petroleum Corporation’s, December 2013 Petroleum Information, disclosed that Nigeria exported 1.438 million barrels of crude oil to North America as at December 2013, down by 15.111 million barrels in December 2012. North America accounted for 22.19 per cent of Nigeria’s total crude export by December 2012, but it dropped to 2.23 per cent by December 2013. Prior to the decline, the US was the highest buyer of Nigeria’s crude, purchasing 14.279 million barrels in December 2012, thereby, accounting for 19.15 per cent of Nigeria’s total crude export and 86.28 per cent of total crude export to North America. By 2013 end, […]

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Nigeria's Crude Export to Us Declines By 91 Percent – India, Highest Buyer of Nigeria's Crude

NIGERIA has started to witness the negative effect of shale oil exploration in the United Stated of America, USA, and other parts of the world, as Nigeria’s crude oil export to North America dropped by 91.31 per cent in one year. Specifically, data obtained from the Nigerian National Petroleum Corporation’s, December 2013 Petroleum Information, disclosed that Nigeria exported 1.438 million barrels of crude oil to North America as at December 2013, down by 15.111 million barrels in December 2012. North America accounted for 22.19 per cent of Nigeria’s total crude export by December 2012, but it dropped to 2.23 per cent by December 2013. Prior to the decline, the US was the highest buyer of Nigeria’s crude, purchasing 14.279 million barrels in December 2012, thereby, accounting for 19.15 per cent of Nigeria’s total crude export and 86.28 per cent of total crude export to North America. By 2013 end, […]

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Libya Oil Sales to Rise as Rebels Surrender Two Ports

Libyan rebels surrendered control of two oil ports to the government, potentially enabling the OPEC member to triple crude exports this month with an increase of at least 180,000 barrels a day. Brent futures dropped. The self-declared Executive Office for Barqa handed over the oil terminals of Zueitina and Hariga overnight, said Ali Al-Hasy, a spokesman of the group that seeks self rule for the region that is also known as Cyrenaica. An agreement yesterday with the government also provides for the rebels to relinquish the other two ports they control, Es Sider and Ras Lanuf, in two to four weeks, he said. The government confirmed the agreement in a statement on its website. With Africa ’s largest oil reserves, Libya’s oil production slumped by more than 1 million barrels a day in the past year as protests halted oil fields and ports. Brent crude futures, which fell 1.3 […]

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Nigeria, Africa’s biggest oil producer, dogged by fuel shortages

The man in the large SUV forces his way to the front of the line at the gas station, ignoring the blaring horns and threats of fisticuffs from drivers who have slept in their cars and waited for more than 12 hours for the scarce fuel. Raw anger and frayed tempers give way to resignation as the big man wins, waved in by fuel attendants, no doubt expecting a bribe. Nigeria, despite being Africa’s biggest petroleum producer, has been dogged by a fuel shortage for weeks. In this West African nation that does not only mean scarce gas to keep cars on the road. It means no diesel to run generators that are the lifeblood of industry in a country where frequent power cuts last hours. It means no kerosene for stoves used to cook meals by tens of millions of poor people. […]

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Nigeria almost doubles GDP in recalculation

Nigeria overtook South Africa on Sunday to become Africa’s largest economy and 26th largest in the world after the government released updated figures that nearly doubled estimates for gross domestic product. As a result of the statistical revision, Nigerian GDP for 2013 was $509bn, 89 per cent larger than previously stated for last year. The change was made by bringing forward the base year for calculations to 2010 from 1990, when the structure of the economy was very different and services such as banking and telecoms had barely taken off. Companies ranging from Nestlé and Standard Bank to Heineken and MTB have already poured millions of dollars into Nigeria but foreign businessmen and analysts said the revision could serve as a catalyst for further investment. “The revision will have a psychological impact. It underlines to foreign investors that this country has a large consumer base. It validates the […]

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Libya Rebels Report Accord ‘in Principle’ to Reopen Ports

The prospects for a recovery in Libyan oil exports moved closer after rebels blocking shipments from the country’s east said they agreed in principle with the government to allow a resumption. The rebels’ Executive Office for Barqa, representing the eastern region of Cyrenaica, reached an accord that four terminals halted since July can reopen, Ali Al-Hasy, a spokesman for the group, said April 2. Barqa politicians indicated the ports could operate within 24 to 48 hours, Sliman Qajam, a member of the energy committee in Libya’s government, said by phone yesterday from Tripoli, the capital. Libyan oil production plunged by more than 1 million barrels a day in the past year as protests halted oil fields and ports. Brent crude futures, used to price more than half of the world’s oil, are near the lowest level since November amid speculation that the export terminals may re-open, adding to supply. […]

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Libya sees ‘good intentions’ in talks with rebels, no deal yet

Libya has seen "good intentions" at indirect talks with eastern rebels which might lead to the lifting of their blockage of major oil ports within days, acting oil minister Omar Shakmak said on Thursday. Hopes have been building in oil markets that an eight-month blockage of major oil exports ports will end ever since rebels and the government said they were close to an agreement. Any deal will help the OPEC member halt its slide into instability as the weak central government has seemed unable to control militias who helped oust Muammar Gaddafi in 2011 but kept their guns and made political demands on the state. "There are good intentions," Shakmak told reporters in the eastern city of Benghazi, adding that tribal leaders and local leaders were working hard to negotiate with the port rebels. He did not elaborate. The government also gave no update, […]

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Libya sees 'good intentions' in talks with rebels, no deal yet

Libya has seen "good intentions" at indirect talks with eastern rebels which might lead to the lifting of their blockage of major oil ports within days, acting oil minister Omar Shakmak said on Thursday. Hopes have been building in oil markets that an eight-month blockage of major oil exports ports will end ever since rebels and the government said they were close to an agreement. Any deal will help the OPEC member halt its slide into instability as the weak central government has seemed unable to control militias who helped oust Muammar Gaddafi in 2011 but kept their guns and made political demands on the state. "There are good intentions," Shakmak told reporters in the eastern city of Benghazi, adding that tribal leaders and local leaders were working hard to negotiate with the port rebels. He did not elaborate. The government also gave no update, […]

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Russian oil company Tatneft says it’s considering a return to Libya.

Russian state-controlled oil company Tatneft said it’s planning to resume operations in Libya, which were idled at the onset of the Libyan revolution in 2011. Tatneft in February 2011 suspended geological exploration in Libya as civil war began. Staff were returned in February 2013, but later pulled out of the country following an October 2013 attack on the Russian embassy in Tripoli. The company, in its latest financial report, said it’s been working since last year to return to work in Libya. "Starting in February 2013 the group has been working to resume operations in Libya, including returning staff to Tripoli and continuing supplier negotiations," the company said . "The group expects to re-launch its operations in Libya in 2014." Tatneft’s Libyan subsidiary operates in central Libya through a bilateral exploration and production sharing agreement with the National Oil Corp. of Libya. Internal conflicts have […]

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Russian oil company Tatneft says it's considering a return to Libya.

Russian state-controlled oil company Tatneft said it’s planning to resume operations in Libya, which were idled at the onset of the Libyan revolution in 2011. Tatneft in February 2011 suspended geological exploration in Libya as civil war began. Staff were returned in February 2013, but later pulled out of the country following an October 2013 attack on the Russian embassy in Tripoli. The company, in its latest financial report, said it’s been working since last year to return to work in Libya. "Starting in February 2013 the group has been working to resume operations in Libya, including returning staff to Tripoli and continuing supplier negotiations," the company said . "The group expects to re-launch its operations in Libya in 2014." Tatneft’s Libyan subsidiary operates in central Libya through a bilateral exploration and production sharing agreement with the National Oil Corp. of Libya. Internal conflicts have […]

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Seesi in Egypt Savior Role Carries Burden of Hope Amid Blackouts

Egyptians look at a row of portraits of deputy prime minister Abdel-Fattah al-Seesi supporting him to run for presidency in the upcoming elections, in Alexandria. Another evening, another power cut at Raouf Fayez’s jewelry store in Cairo’s sprawling Shoubra neighborhood. Flanked by darkened shops, his window display is empty of the gold ornaments that Fayez hasn’t felt safe showcasing since the 2011 uprising against Hosni Mubarak . Overlooking the scene from a poster on a neighbor’s balcony is the man who Fayez hopes can finally make it all better: Abdel-Fattah al-Seesi, who shed his military uniform last week […]

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Nigeria: Fuel Scarcity Looms As Warri Refinery Shuts Down

The nation’s pioneer crude oil refining plant, Warri Refinery and Petrochemical Company (WRPC), has again been shut down. LEADERSHIP learnt that the plant was shut down last Friday following some operational challenges, especially at some of its strategic units. It was learnt that hitches with some major units, particularly Fluid Cracking Catalyst (FCC), regarded as heart of refining operation, Topping and Reforming units, made the shutdown of the plant inevitable. Findings showed, for instance, that Catalyst, a feedstock of FCC unit, was in short supply while there was a haulage crisis at Topping Unit (TU), whose fate was said to have impacted the Reforming Unit (RU). The latest development coincided with the vandalisation of the pipeline which conveys crude oil from the various fields of Chevron Nigeria Ltd (CNL) in Escravos to Warri and Kaduna refineries. The pipeline, known as System 2C, is reported to have been ruptured by […]

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Egypt: Smartcard Plan to Attack Egypt's Fuel Crisis

; Fuel subsidies in Egypt account for 22 percent of the state’s annual budget, taking funds away from other sectors like health and education. The government believes an ambitious five-year scheme, starting with a fuel smartcard roll-out, will reduce and rationalize fuel consumption, circumvent widespread corruption and phase out fuel subsidies. Estimates for fuel subsidies for this year amount to the equivalent of US$20.1 billion. "We pay for fuel subsidies about seven times more than what we spend on health and three times more than on education," said Haithem Trabeek, a senior strategic and business planning manager with E-Finance, a company owned by the Ministry of Finance and selected by the government to run a new smartcard system that is part of a plan to reform fuel subsidy payments. The cards are initially being used to monitor the distribution of subsidised fuel to help identify fraud and corruption […]

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Egypt: Smartcard Plan to Attack Egypt’s Fuel Crisis

; Fuel subsidies in Egypt account for 22 percent of the state’s annual budget, taking funds away from other sectors like health and education. The government believes an ambitious five-year scheme, starting with a fuel smartcard roll-out, will reduce and rationalize fuel consumption, circumvent widespread corruption and phase out fuel subsidies. Estimates for fuel subsidies for this year amount to the equivalent of US$20.1 billion. "We pay for fuel subsidies about seven times more than what we spend on health and three times more than on education," said Haithem Trabeek, a senior strategic and business planning manager with E-Finance, a company owned by the Ministry of Finance and selected by the government to run a new smartcard system that is part of a plan to reform fuel subsidy payments. The cards are initially being used to monitor the distribution of subsidised fuel to help identify fraud and corruption […]

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Libyan Rebels May Reach Agreement on Oil Ports in One Month

Rebels seeking self-rule in eastern Libya may reach an agreement with the government to restore the nation’s crude exports to full capacity in a month, according to their spokesman. A deal hinges on the central government dropping a threat to attack oil ports under rebel control, said Ali Al-Hasy, spokesman for the self-declared Executive Office for Barqa, or Cyrenaica region. The Barqa group is seeking a share of oil revenue for its region. “The mood is positive, we can see a settlement in a month’s time,” Al-Hasy said in a phone interview from eastern Libya. “If the government withdraws its threat, all will become easy; the oil facilities are in very good shape.” The Barqa rebels, led by former Petroleum Facilities Guards commander Ibrahim Al-Jedran, took control of four of Libya’s nine oil ports in July. Exports halted from the Es Sider, Ras Lanuf, Zueitina and Hariga facilities. The […]

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Nigeria: Litigating Gas Flaring in the U.S

THE history of crude oil production in Nigeria informs us that the Shell Oil Company was the first to discover oil in commercial quantity in Nigeria. The location was Oloibriri (now in Bayelsa State), and the year was 1956. Two years later, Nigeria’s first consignment of crude oil was exported from the Oloibiri oil fields. But what is not well advertised is the fact that gas flaring has been taking place in Nigeria since 1958. The ecological disaster and associated consequences of gas flaring in Nigeria have been well-documented, and do not constitute the main objective in this dispatch from America. As a Vanguard newspaper reporter, I once joined the Nigerian Navy on an exercise in Escravos. As we flew in their helicopter above the off-shore oil rigs at night, we could see what looked like a festival of a million tongues of fire in the ocean. Our Navy […]

Posted On : Published By : Tom Whipple
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Nigeria: Fuel Scarcity – Marketers Threaten Nationwide Strike Over Shut Down of NIPCO

Some oil marketers on Monday threatened to embark on industrial strike following the shutdown of Nigerian Independent Petroleum Company (NIPCO) by National Union of Petroleum and Natural Gas Workers (NUPENG). The News Agency reports that NUPENG shutdown the NIPCO facilities on March 24. Mr Abidemi Agunbiade, Chairman, a concerned group of IPMAN, expressed worries over the looming fuel scarcity in an interview with the News Agency of Nigeria (NAN) in Lagos. Agunbiade said that the shutdown of the NIPCO had affected over 1,000 marketers who had paid money to load petrol. According to him, over 450 million litres of fuel imported to discharge into NIPCO depot are still on the high seas due to the shutdown of the company. "About four vessels are on the high seas including those of the NNPC. "The stranded vessels are paying demurrage of 15,000 dollars to 20,000 dollars on daily basis due to […]

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South Sudan Ethnic Hatred Drives Rebel Leader’s White Army

Members of the White Army, which is a Nuer militia, as they prepare to travel from… Members of the White Army, which is a Nuer militia, as they prepare to travel from Nasir to fight at Malakal and Paloch, on March 26, 2014. Close Close Open Photographer: William Davison/Bloomberg Members of the White Army, which is a Nuer militia, as they prepare to travel from Nasir to fight at Malakal and Paloch, on March 26, 2014. Dozens of South Sudanese men chanted war songs, blew whistles and brandished AK-47 rifles with a longing for ethnic revenge. All members of the Nuer ethnic group, the troops of the so-called White Army who gathered by the Sobat River in eastern South Sudan are the strike force in rebel leader and former Vice President Riek Machar’s campaign against the government in Juba, the capital. They’re planning to march on […]

Posted On : Published By : Tom Whipple
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South Sudan’s Rebel Leader Machar Vows to Target Key Oil Fields

South Sudanese rebels plan to capture key oil installations to force President Salva Kiir to step down and end more than three months of conflict in the world’s newest nation, former Vice President Riek Machar said. Fighters allied with Machar, known as the White Army, are “mobilizing” to attack the Paloch oil fields that are the main source of revenue for the country’s military, the 60-year-old rebel leader said in a March 27 interview at his bush hideout in Upper Nile state. Machar fled the capital, Juba, in December after the government says he attempted a coup against Kiir. “We want to take control of the oil field,” said Machar, dressed in green military fatigues and wearing gold-rimmed sunglasses. “This is our oil. We must take control of Paloch to deny Salva Kiir revenue to buy more arms.” Upper Nile is South Sudan ’s only remaining crude-producing state after […]

Posted On : Published By : Tom Whipple
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Nigeria: IPMAN Plans Closure of 10,000 Filling Stations

Another round of fuel scarcity is looming following plans by the leadership of the Independent Marketers Association of Nigeria (IPMAN) to shut its over 10,000 fuel stations across the country in protest of the closure of NIPCO by the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG). NUPENG closed down the operations of the NIPCO Plc, a subsidiary of IPMAN, due to the ongoing leadership tussle rocking the association. The crisis began following a court ruling declaring Chief Lawson Obasi, former zonal chairman of IPMAN, south-east region, as president of the association. But the current IPMAN president, Aminu Abdulkadir, maintains that the association remains an indivisible entity, adding that anybody who claims to be a leader besides the elected officials is going against a court order which has not yet been vacated. Speaking through his special adviser, media, Mr Ezekwesili Maduagwuna, yesterday, Abdulkadir maintained that the involvement by […]

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Unrest hurting Libya’s oil economy, Europe says

Political conflict in Libya means an economy that’s largely dependent on oil production has no room to grow, the European Union said. A progress report on Libya from the European Commission said a blockade on oil exports by eastern federalists has "severely" affected Libya’s fiscal situation. The report, published Thursday, said the closure of eastern export terminals has cut Libyan oil production from a pre-war level of 1.6 million barrels per day to around 250,000 bpd. With an economy that relies on the petroleum sector for 90 percent of its revenue and more than 70 percent of gross domestic product, the security situation was directly responsible for economic stagnation. "The lack of security has a negative impact on business climate," the progress report said . "With the security situation featuring so prominently on the agenda, thus far little attention has been paid to the diversification of the economy and […]

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Unrest hurting Libya's oil economy, Europe says

Political conflict in Libya means an economy that’s largely dependent on oil production has no room to grow, the European Union said. A progress report on Libya from the European Commission said a blockade on oil exports by eastern federalists has "severely" affected Libya’s fiscal situation. The report, published Thursday, said the closure of eastern export terminals has cut Libyan oil production from a pre-war level of 1.6 million barrels per day to around 250,000 bpd. With an economy that relies on the petroleum sector for 90 percent of its revenue and more than 70 percent of gross domestic product, the security situation was directly responsible for economic stagnation. "The lack of security has a negative impact on business climate," the progress report said . "With the security situation featuring so prominently on the agenda, thus far little attention has been paid to the diversification of the economy and […]

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Nigeria: Shell Declares Force Majeure On Forcados Facility After MEND Attack

The Management of Shell Petroleum Development Corporation, SPDC, on Thursday said it had declared a force majeure on the lifting of crude from its Forcados facility in Warri, Delta State. The SPDC’s spokesperson, Precious Okolobo, in an email to PREMIUM TIMES, stated that the action was taken on Tuesday to allow for repairs on the 48-inch crude export pipeline. Mr. Okolobo noted that the subsea line was shut when a leak was discovered on March 4, leading to suspension of SPDC and third party crude oil exports through the terminal. A part of the mail read: "The SPDC Joint Venture declared force majeure on lifting of Forcados blend effective 0900hrs on Tuesday, March 25, 2014, due to ongoing repairs on the 48-inch crude export line at Forcados Terminal in the Western Niger Delta. The subsea line was shut when a leak was discovered on March 4, 2014, leading to […]

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Tullow upbeat about Kenyan oil prospects

British energy explorer Tullow Oil said Thursday some of its oil reserve areas in Kenya were poorly developed, though it remained upbeat about the potential. Tullow announced exploration results from Blocks 10BB and 13T, which it operates in parity with Africa Oil Corp. Tullow said it encountered a "poorly developed oil bearing reservoir" in Block 13T, though deploying rigs elsewhere in the nearby Amosing discovery would target an area it said "may be one of the largest discoveries in the basin to date." African Oil Corp., in a separate statement , said early 2013 testing from both blocks yielded a flow rate of about 5,000 barrels of oil per day. Angus McCoss, exploration director for Tullow, said in a statement early exploration results from Kenya were in line with expectations. "Our focus remains on continuing to explore and appraise our first successful basin, as well as stepping out into […]

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General Who Led Takeover of Egypt to Run for President

Abdul-Fattah el-Sisi, the defense minister and military officer  who led last summer’s takeover  of the elected government in Egypt, formally announced on Wednesday that he was resigning from the army and running for president as he moved to consolidate his power. “It is true this is my last day in uniform but I will fight every day for Egypt free of fear and terror,” Mr. Sisi said, alluding to the military-led government’s continuing battles against the Islamist militants and street protesters. “I repeat what I have said before: ‘We’d rather die before Egyptians are terrorized.’” Mr. Sisi, who held the rank of field marshal, is almost universally expected to win the election and thus formalize  the de facto power he currently holds. He has been the government’s pre-eminent decision maker  since he led the ouster of Egypt’s first freely elected leader, President Mohamed Morsi of the Muslim […]

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Nigeria: Shell Declares Force Majeure On Forcados Oil Exports

Nigeria’s export of crude oil has suffered a major setback as Shell Petroleum Development Company (SPDC) yesterday declared force majeure on the export of Forcados grade of crude oil after it had shut down the 400,000 barrels per day capacity Forcados export terminal in Delta State. The declaration of he force majeure has freed the oil giant from contractual obligations to its customers due to circumstances beyond its control. Shell and other third parties export crude oil from the Western Niger Delta through the Forcados terminal, which was once shut down on October 19, 2012, due to flooding and damage to the supply pipelines. However, the company resumed loadings at the terminal on November 21, 2012 and also lifted the force majeure declared on exports of Forcados grade of crude oil. Before yesterday’s declaration of force majeure on Forcados exports, the export terminal had earlier been shut down when […]

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Nigeria: There’s No Need for More Oil Wells in Nigeria

Nnimmo Bassey , an award-winning environmentalist, is one of Africa’s leading campaigners, particularly for his work in Nigeria’s oil-rich Niger Delta region. Mr. Bassey was a human rights advocate in the 1980s. He was imprisoned many times by late president Sani Abacha’s government in the 1990s. He is co-founder and chair of Friends of the Earth International and Environmental Rights Action. In 2009, Time magazine named him one of the Heroes of the Environment. In this interview with Yemisi Akinbobola for Africa Renewal, Mr. Bassey discusses the continuing protests by the Niger Delta people against oil pollution and makes the case for compensation. Can you provide some historical context to the struggle in the Niger Delta region? It’s really a long history. The first commercial export of oil was in 1958, but before then there had been some very serious encounters with forces whose major interest was to exploit […]

Posted On : Published By : Tom Whipple
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Nigeria: There's No Need for More Oil Wells in Nigeria

Nnimmo Bassey , an award-winning environmentalist, is one of Africa’s leading campaigners, particularly for his work in Nigeria’s oil-rich Niger Delta region. Mr. Bassey was a human rights advocate in the 1980s. He was imprisoned many times by late president Sani Abacha’s government in the 1990s. He is co-founder and chair of Friends of the Earth International and Environmental Rights Action. In 2009, Time magazine named him one of the Heroes of the Environment. In this interview with Yemisi Akinbobola for Africa Renewal, Mr. Bassey discusses the continuing protests by the Niger Delta people against oil pollution and makes the case for compensation. Can you provide some historical context to the struggle in the Niger Delta region? It’s really a long history. The first commercial export of oil was in 1958, but before then there had been some very serious encounters with forces whose major interest was to exploit […]

Posted On : Published By : Tom Whipple
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Nigeria: FG Moves to Privatise Refineries

The Federal Government appears set to privatise the nation’s four refineries in Port-Hacourt, Warri and Kaduna. Mr. Ben Dikki, the Director-General of the Bureau of Public Enterprises, BPE, announced this at a briefing in Abuja, yesterday. He said however, that his team would first secure the cooperation of labour leaders, especially in the oil industry before taking concrete steps in that regard. His words, "it should be noted that the labour unions have expressed their willingness to dialogue with government to develop appropriate business models for the refineries. This will be followed up and should lead to the commencement of the privatization process in 2014. "The steering committee is expected to commence work soon and develop an appropriate framework for privatization that is acceptable to all stakeholders. "The labour leaders have said that they are not averse to the privatization of the refineries. What they want is […]

Posted On : Published By : Tom Whipple