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Archive In Energy
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Business
Tullow Oil Shares Soar.
Oil (TLW.L) shares added 97p to £15.70 shooting to the top of the FTSE 100 after reports of Kenya’s first oil discovery at its Ngamia-1 well in Turkana region of the country.
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Business
Glencore acquires Optimum Coal.
International stated a further, 36.56%, acquisition of interest in Optimum Coal, following unconditional approval by the South African competition authorities.
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Business
Total Kenya Declares Ksh71m Loss.
are bad times for investors in Total Kenya, one of East Africa’s largest oil marketing firms.
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Business
SA Iranian oil imports record astonishing growth.
South African crude oil imports from Iran increased from zero in January to an astonishing $364 million in February.
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Strategies & Solutions
Dangote to invest $7bn in power, others.
CEO Dangote Group of Companies, Alhaji Aliko Dangote plans to invest $7 billion in power, petrochemical and mining sectors of the economy within the next four years.
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Business
Prominent Energy Companies Exploit East Africa Shoreline.
Prominent Energy companies are now seeing Mozambique as a goldmine of fossil fuel generation.
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Business
Anglo May Build Power Plant in South Africa This Year.
There is a strong indication that Anglo American will select a group to build a 450MW power plant in South Africa before the end of this year.
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Business
Trafigura’s Puma Unit Buys LPG Terminal In West Africa.
Puma Energy International, a subsidiary of Geneva-based trader Trafigura, has bought a liquefied petroleum gas (LPG) terminal in Republic of Benin.
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Strategies & Solutions
Nigeria: Forte Oil Restructures To Enhance Shareholder Returns.
Nigerian petroleum product marketing company, Forte Oil Plc (formerly African Petroleum Plc), has revealed to ensure enhanced returns for its shareholders and stakeholders in the years ahead.
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Business
Shell To Buy Cove Energy Limited For $1.8 Billion.
Shell has increased its bid to out-bid arch-rival, Thailand-State owned PPT Exploration and Production PLC in purchasing Cove Energy Limited.