The Buzz: This Week in Africa
At the beginning of the week, Brent Crude is trading at $77.98 per barrel, WTI at $73.49 and natural gas at $2.83 per million BTU (09 July 2018). Here are AOP’s top five stories from the last seven days.
Protests in Kenya End Following Talks
Trucking of oil to the Kenyan coast from the Turkana region continued after Turkana leaders and Petroleum and Mining Cabinet Secretary John Munyes met to settle a dispute in the region, according to the Daily Nation. In the week leading up to the negotiations, protests blocked trucks from carrying oil cargo to Mombassa along the Lokichar-Kapenguria.
Trucking is expected to continue on Wednesday for Tullow Oil.
Protestors were demanding increased security in the area, recovery of stolen livestock and a share of oil jobs and tenders.
Eni Starts Production at Sankofa Field
Ghana’s Sankofa Field reached first gas over the weekend, with Eni stating the Offshore Cape Three Points Integrated Oil and Gas Project was on schedule, according to the Ghanaian Times. Eni estimates that the field will produce 180 million standard cubic feet per day over the next 15 years.
The project is expected to fuel gas-to-power projects in Ghana, with a 60km pipeline bringing the offshore gas to the Onshore Receiving Facilely in Sanzule.
Tanzania Threatens To Pull Licenses Over Local Content
Tanzania’s Attorney General, Dr Adelardus Kilangi, warned exploration and companies operating in the country that the government will revoke the licenses of operators who do not comply with the new requirements of the Petroleum Local Content Regulations, according to The Citizen.
The is part of a series of new laws passed in recent years, including the amended Petroleum Act 2015, Oil and Gas Revenue Management Act 2015 and the Tanzania Mining Act 2017.
“We have the law and the regulations in place; now it is upon the companies drilling for gas, and exploring oil to ensure they do not break them. The government will take stern measures against anyone breaking the law,” he said to The Citizen.
Ethiopia Plans Oil Terminal
Ethiopia is considering building a new oil terminal at the port of Djibouti, due to a current lack of capacity for refined petroleum products in the country, according to The Reporter.
State-owned Ethiopian Petroleum Supply Enterprise, the country’s downstream supplier, is leading the planning of the new terminal, which would have a capacity of 30,000 cubic meters of petroleum products and a pipeline to receive product from oil tankers. The costs could be USD $220 million.
“We are having a tough time at the Horizon Terminal due to capacity limitations. The terminal is now unable to accommodate the increasing petroleum imports. We are suffering,” said Tadesse Hailemariam, CEO of the Ethiopian Petroleum Supply Enterprise told The Reporter.
Malawi Aims to Attract Investors to Power Sector
Malawi’s president Peter Mutharika wants to attract the private sector into the country’s power sector, boosting the electricity capacity from 350 MW to 1,000 MW. In a short-term goal, he wants to end the country’s rolling blackouts by 2020 by installing an additional 100 MW immediately, according to the Nyasa Times