Page 7 - AfrOil Week 23 2021
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AfrOil INVESTMENT AfrOil
The licensing round covered 481 fields (Image: PGS)
The department did not provide a full break- participate in the Marginal Oilfield Bid Round.
down of the results of the bidding round. It did Auwalu noted last week that the bidding contest
say that the list of winners included the follow- was designed to open up new opportunities for
ing Nigerian companies: AA Rano, Accord Oil, domestic oil and gas operators.
Aida, Akata, Andova Plc, Bono Energy, Casiva, “We are set to ensure opportunities are
Deep Offshore Integrated, Duchess Energy, extended to other deserving applicants to fill the
Duport Midstream, Emadeb Energy, Genesis gap,” he said. “The DPR is not just a regulator.
Technical, Matrix Energy, Metropole, MRS, We are an opportunity house. We drive creativ-
NIPCO, North Oils and Gas, Oodua Oil, Path- ity and transformation and we use these in all
way Oil, Petrogas, Pierport, Pioneer Global, of our activities. This is done in the overriding
Shafa Exploration, Shepherd Hill, Sigmund national interest.”
Oil Field, Tempo Oil, Twin Summit, Vhelblerg Auwalu added: “The DPR will continue to
Exploration, Virgin Forest and YY Connect. follow up and guide the awardees every step of
Only Nigerian companies were allowed to the way.”
National Bank of Egypt finances TAQA
Arabia’s plan to build CNG filling stations
EGYPT STATE-OWNED National Bank of Egypt litre storage terminal in Suez.
(NBE), the largest banking institution in the TAQA is currently operating 59 fuel stations
country, has agreed to extend a EGP916mn and 23 CNG stations, with plans to reach 200
($58.37mn) loan to TAQA Arabia. The com- stations by 2023.
pany intends to use the funds to build new CNG
filling stations and petroleum storage terminals
in Egypt.
TAQA Arabia will use part of the credit
facility to cover the costs of establishing 40 new
filling stations belonging to Master Gas, TAQA
Arabia’s CNG distribution subsidiary.
It will also devote some of the loan funds to
establish a petroleum product storage terminal
with a 25.6mn litre capacity in Alexandria. This
new facility will be alongside its existing 18mn TAQA will build 40 CNG stations (Photo: TAQA Energy)
Week 23 09•June•2021 www. NEWSBASE .com P7
