Page 3 - AfrOil Week 40 2022

AfrOil CONTENTS AfrOil

COMMENTARY
Pipeline theft highlights larger problems in Nigeria 4

OPEC+ makes 2mn bpd cut, angering the US 6

PIPELINES & TRANSPORT

Afreximbank has pledged $200mn loan for EACOP, Ugandan president’s
office says 7

INVESTMENT

NewMed and Capricorn announce merger 8
Senate demands answers from NUPRC over oilfield allocation 9
NNPCL adds 380 Oando filling stations to retail network via OVH
acquisition 10

DR Congo rejects US request to scale back onshore licensing round 11

POLICY

Tripoli government signs initial exploration deals with Turkey 12
Debate swirls in Ghana over minister’s “diversion” of $100mn in oil
revenues 12
NUPRC gears up to launch auctions for gas flaring reduction contracts 13
Kenya’s president urges African states to prioritise renewables over
fossil fuels 14
Sudan cuts motor fuel prices amidst public scepticism over economic
impact 15

PROJECTS & COMPANIES
Baker Hughes signs service contract for Coral Sul FLNG offshore
Mozambique 16
Eco Atlantic receives rig for drilling of Gazania-1 well offshore South
Africa 17

NEWS IN BRIEF 18

NEWSBASE ROUNDUP GLOBAL (NRG) 21

OUR CUSTOMERS 23

Have a question or comment? Contact the editor – Jennifer DeLay (jdelay@intellinews.com)
Copyright © 2022 NewsBase Ltd. All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes
internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its contents
Week 40 06•October•2022 www. NEWSBASE .com P3