Africa Business Ghana West Africa World 

Tullow Oil seeks international arbitration on tax dispute with Ghana

Tullow Oil has filed for arbitration in London over two tax bills amounting to $387 million which it’s unit in Ghana had received from local authorities. The company made this public in a statement on Tuesday. The two tax charges which Tullow disputes relate to a period from 2010 to 2020 and are in addition to taxes it has already… Read More
Africa East Africa World 

Kenya deports French oil firm CEO over fuel shortages

– – The Kenyan government has deported Christian Bergeron, the chief executive of Rubis Energy Kenya – a subsidiary of France-based Rubis Group. It follows the cancellation of the work permit of the CEO of one of the biggest oil marketers in Kenya over a fuel shortage. The energy regulator has accused some oil marketers of withholding the supply of… Read More
Africa Business World 

Africa urged to combat energy poverty as a priority

– – The secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities. Mohammed Barkindo has also assured that OPEC will continue to serve as a viable partner and “assist” Africa oil-producing countries “in whatever way possible.” Barkindo was speaking during a meeting at the Republic of the… Read More
Africa Business East Africa Sudan World 

South Sudan makes minor oil discovery

South Sudan said announced that it has made a small oil discovery in Northern Upper Nile State. This is the first time the country is making any form of oil discovery since independence in 2011. War and instability has largely affected exploration activities in the small country. The country’s oil minister, Awow Daniel Chuang said on Thursday that the new… Read More

Kenya To Become First East-African Oil Exporter By 2016

It was some seven years ago that UK-based oil exploration firm Tullow Oil Plc ($TUWOY) first discovered promising reserves in the land-locked East-African nation of Uganada.Indeed, the company’s discoveries in Uganda, as well as in the neighboring Democratic Republic of Congo, had caught the attention of a number of major companies, such as Royal Dutch Shell ($RDS.A), France’s Total SA... Read More