BP vs Vitol: Class of oil trading giants lands on West African turf


Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners. The West African crude market typically sees cargoes of Nigerian and Angolan change hands in back-to-back deals outside the Platts window, a system […]

BP to invest $2bn in Egypt come 2019, says regional head


British Petroleum’s North Africa Regional President,  Hesham Mekawi said on Wednesday, that BP is looking to invest $2 billion in developing its gas fields in Egypt within 2019. “The company invested $4 billion (in Egypt) during 2017 and around $2.5 billion for 2018, and are planning to pump $2 billion next year,” local newspaper Al-Shorouk […]

Qatar eyes Germany’s energy, finance sectors with €10bn investment

OPEC, Oil, Qatar

The Gulf state of Qatar said Friday it would invest €10 billion (8.9 billion pounds) to strengthen its ties with Germany over the next five years, including the possible creation of a liquefied natural gas (LNG) terminal. Qatar’s Emir Tamim bin Hamad al-Thani announced the funding boost for its long-term trading partner and Europe’s largest […]

EKEDC opens complaint resolution centres in its branches


Eko Electricity Distribution Company (EKEDC) has established first contact resolution centers at its district offices, in a bid to serve its customers better. According to a statement issued by the company, starting from last Saturday September 1, 2018, all complaints would now be directed to and resolved at the customers’ respective district offices. “Only complaints […]

N2.8trn market beckons in Nigeria’s fledgling mini grid electricity


With a revenue potential of N2.8 trillion ($8 billion) annually, Nigeria has barely begun to scratch the surface of mini grids development. However, this doesn’t mean that the country is not making some efforts in scaling up its electricity access through mini grids, but it is still lagging behind. Nigeria, according data from the World […]