Page 3 - AfrOil Week 22a 2020

AfrOil CONTENTS AfrOil
COMMENTARY
Under pact with Libya, Turkey prepares to seek oil in East Med 4 OPEC, allies to review output cuts 5
NEWSBASE GLOBAL ROUNDUP
NRG: Momentum, but also restraint 6
PIPELINES & TRANSPORT
Sonatrach raises stake in Medgaz pipeline to 51% 11
INVESTMENT
Egypt unveils $19bn petchem strategy 11 Nigeria launches marginal field bidding round after 10-year delay 12 Tullow, Total move closer to Uganda deal 12
PERFORMANCE
NNPC seeks to reduce production costs 13
South Africa rations diesel amid quick demand recovery 14 POLICY
Nigeria needs to encourage modular refineries, OPAC says 15 Court gives small Zimbabwean fuel retailers import rights 15
PROJECTS & COMPANIES
Sasol denies plan to sell fuel retail network 16
Golar LNG still in talks on African project 16 NEWS IN BRIEF 17
OUR CUSTOMERS 20
Have a question or comment? Contact the editor – Jennifer DeLay (jdelay@intellinews.com)
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Week 22 03•June•2020 w w w . N E W S B A S E . c o m P3