Page 13 - DMEA Week 49 2022
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DMEA TERMINALS & TRANSPORT DMEA
Meanwhile, the operator of Area 4 is Mozam- MRV owns a 70% stake in the Area 4 explora-
bique Rovuma Venture (MRV), an incorporated tion and production concession contract, while
joint venture that is owned by ExxonMobil, Eni ENH, Galp and KOGAS each have 10% stakes
and CNPC. in the project.
South Korea’s HSHI begins building
new Suezmax tanker for Sonangol
AFRICA HYUNDAI Samho Heavy Industries (HSHI) Suezmax tanker will be 274.8 metres long, 48
of South Korea has begun building a new Suez- metres wide and 23 metres high. It will be capa-
max-size oil tanker for Sonangol, the national ble of carrying 1mn barrels of crude oil and is
oil company (NOC) of Angola, according to a due to be completed in September 2023.
report from ANGOP. HSHI is serving as the lead contractor for
Sonangol revealed recently that HSHI had construction of the ship, the NOC said. It also
marked the start of construction work on the reported that SeaQuest Marine (Singapore) was
tanker, the second vessel it has been contracted supervising work on the project.
to build for the NOC, with a ceremony on However, it clarified that a team of Angolan
November 28. staff members, comprised of Sonangol employ-
The event began with the cutting of the ees, was providing management and technical
steel for Hull 8021 at HSHI’s company’s yard in supervision for SeaQuest Marine.
Mokpo, South Korea, it said. The Angolan NOC ordered a pair of Suez-
The ceremony was attended by a delegation max tankers with a capacity of 1mn barrels each
from state-owned Sonangol, with Luís Manuel, from HSHI, a unit of Korea Shipbuilding & Off-
the chairman of the executive commission of the shore Engineering (KSOE), in April 2021. One
company’s trading and shipping business unit, of its subsidiaries, Sonangol Shipping Holding
serving as the head of the team. Manuel said Ltd, is due to receive the first of these two vessels
during the event that he had been greatly satis- in March 2023.
fied to conclude the steps of the deal that had led Under its KRW153.1bn ($115.99mn) con-
up to the start of construction. tract with Sonangol, HSHI must deliver both
When finished, Sonangol noted, the new tankers by December 27, 2023.
PETROCHEMICALS
Kenya to distribute fertiliser subsidy cash
via e-wallets to avoid brokers’ fees
AFRICA KENYA’S President William Ruto has said his difficult for the government to implement the
government will start disbursing fertiliser subsi- fertiliser subsidy programme,” the president is
dies to farmers through mobile money accounts quoted as saying. “Going forward, we will use
in order to cut out middlemen, whom he has technology to enable our farmers to access sub-
blamed for hiking prices. sidies via the e-wallet and buy directly from
The e-wallet disbursal measure is part of approved agrovets.”
the government’s larger plan to boost food Ruto also revealed that 300,000 tonnes of fer-
production. Ruto has ordered the Ministry of tiliser for the long planting season are expected
Agriculture to ensure that the system is fully in Kenya in December.
implemented for farmers to receive cash to buy Meanwhile, newly published data compiled
from approved end-to-end supply stores for by the International Fertiliser Development
farmers, dealing in seed, fertiliser, animal feed, Centre (IFDC) Kenya and African Union Com-
veterinary supplies, etc, Tuko reports. mission (AUC) shows that fertiliser use in Africa
“Brokers and middlemen have made it is increasing but at a slow rate.
Week 49 08•December•2022 www. NEWSBASE .com P13
