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EGYPT development and production of crude oil. The The Director General of the GRA, Rev. Ami-
agreement with Pharos Energy aims to inject shadai Owusu Amoah, made this revelation to
Energean, INA Nafta win investments for exploration, development and Joy News this week. However, Amoah revealed
production of crude oil in the Fayoum region in that since the prosecution began, OMCs have
exploration licence for East the Western Desert. been responding positively and added that he is
The announcement comes a few weeks after hopeful that GRA will make progress.
Bir El-Nus concession in Egypt awarded eight oil exploration blocks to 2021 revenue target of GHS57.02bn by collect-
Meanwhile, the GRA slightly exceeded its
oil giants Eni, British Petroleum, Apex Interna-
Egypt’s Western Desert tional, Energy Egypt, United Energy, Enap Sipet- ing GHS57.32bn, according to data cited by
Ghanaweb early this week. That represented a
rol and Ina Nafta.
A consortium composed of Energean Egypt bna/IntelliNews, January 22 2022 26.3% growth on 2020, the highest year-on-year
and Croatia’s INA Nafta was awarded an explo- growth in a decade.
ration licence for the East Bir El-Nus concession bna/IntelliNews, January 21 2022
(Block-8) in Egypt’s Western Desert, according LIBERIA
to a company press release. Energean Egypt and Lubricant company Dutylex
INA Nafta hold equal 50:50 rights to the conces- NOCAL head joins advisory
sion, with Energean Egypt acting as the operator. commissions ultra-modern
The award is in line with Energean’s strat- board of Africa Oil Week
egy to increase and diversify its presence in terminal at Tarkwa
Egypt and reinforces its commitment to the Saifuah-Mai Gray, the president and CEO of
country, the company said. The scope of the the National Oil Co. of Liberia (NOCAL), has Dutylex, a lubricant solution company, has
licence includes a 170-km 2D seismic survey, accepted an invitation to join the advisory board opened a new ultra-modern terminal at Tarkwa,
a 200-square km 3D seismic survey, plus two of Africa Oil Week (AOW), a prestigious annual in the Tarkwa Nsuaem Municipality, to serve
exploration wells, which are expected to target industry conference. the extractive industry in Ghana, Joy News has
estimated resources of approximately 100mn Gray, the first Liberian and the first head reported. The terminal will have a minimum
barrels of oil equivalent (boe). of NOCAL to join the organisation’s advisory storage capacity of 1mn litres, with future expan-
London and Tel Aviv stock exchange-listed board, will be part of a cross-disciplinary body sions to be carried out on the basis of demand.
Energean is an independent exploration and that includes senior executives as well as rising The company’s lubricants are designed to
production company focused on developing stars. She will be able to join fellow AOW board meet the needs of the manufacturing, agricul-
energy resources in the Mediterranean. Its pro- members in sharing insights and generating tural and construction sectors, and even those
duction comes mainly from the Abu Qir field ideas on the future direction of the African of heavy-duty users.
in Egypt and fields in Southern Europe. It has upstream industry. Additionally, she will be in bna/IntelliNews, January 21 2022
a strong production and development growth a position to play a role in AOW, an established
profile investing in solutions to produce and global event that is now entering its 28th year.
develop energy efficiently, at low cost and with Gray, who was trained as an attorney, has KENYA/UGANDA
a low carbon footprint. served as head of NOCAL since 2018. She was
bna/IntelliNews, January 24 2022 appointed by Liberian President George Weah at Ministers from Kenya
a time when the Liberian oil and gas sector was
TransGlobe and Pharos in a difficult state, and has since earned accolades and Uganda tackle fuel
from her peers.
Energy commit to invest bna/IntelliNews, January 26 2022 truck traffic problem

$506mn in oil exploration GHANA Kenya and Uganda have agreed upon and
adopted measures to clear traffic backlogs at the
and development in Egypt common Malaba border point affecting lorries
ferrying fuel and other goods to other countries
Egyptian Petroleum Minister Tarek El Molla Ghana fuel-marketing in the region. They agreed to suspend scan-
signed two new agreements with Canada’s companies in court ning on the Kenyan side to increase the rate at
TransGlobe and Pharos Energy to explore, which lorries are cleared to continue to Uganda,
develop and produce oil in several regions in the for not paying taxes Rwanda, Burundi, the eastern Democratic
Eastern and Western Desert. The agreements Republic of Congo (DRC) and South Sudan.
stipulate that both companies make a combined The Ghana Revenue Authority (GRA) has said Extending the validity of COVID-19 test
minimum investment of $506mn and provide a that it is prosecuting about 30 oil marketing certificates to 14 days was among the resolu-
signature bonus of $67mn to drill 12 wells, the companies (OMCs) for non-payment of taxes tions made after Kenya’s Transport Cabinet Sec-
ministry said in a statement. in excess of GHS220mn ($35mn), Ghanaweb retary James Macharia, Ugandan counterpart
The agreement with TransGlobe includes has reported. Katumba Wamala and Uganda’s State Minister
merging the regions of Northwest Gharib, West The tax collector says it had no alternative, for Trade Harriet Ntabazi met at Malaba on Sat-
Gharib, and West Bakr in the Eastern Desert and since OMCs had failed to respond even after urday, January 22.
pumping in new investments for exploration, several attempts to get them to pay taxes owed. bna/IntelliNews, January 26 2022

Week 04 26•January•2022 www. NEWSBASE .com P19