Page 8 - AfrOil Week 46 2022

AfrOil PERFORMANCE AfrOil

Additionally, the institute said that a total of other 389 were white-label.
911 retail filling stations were in operation as of IRDP further stated that Sonangol held about
the end of September, up by 11 from the figure 65% of the country’s motor fuel market, while
reported as of the end of the second quarter. Pumangol had 20%, Sonangalp 8% and TotalEn-
Of the stations listed as of the end of the third ergies 7%.
quarter, it added, 338 were controlled by the The institute went on to say that some 8,982
national oil company (NOC) Sonangol, 78 by tonnes of lubricants had been sold in Angola in
Pumangol (a joint venture between Sonangol the third quarter of 2022, down by about 2% on
and a subsidiary of the Swiss commodity trader the April-June period. Imports accounted for
Trafigura), 58 by Sonangalp (a joint venture 7,474 tonnes, or about 83.2% of the total, while
between Sonangol and Portugal’s Galp) and 48 local production made up the remaining 1,508
by the French major TotalEnergies, while the tonnes, or 16.8% of the total. ™

POLICY
Slovenia signs deal to import Algerian gas

SOUTH AFRICA SLOVENIA will import natural gas from Alge- Lamamra agreed to sign a memorandum of
ria under an agreement signed between Slove- co-operation between their respective min-
nia’s Geoplin and Algerian company Sonatrach, istries that includes concrete proposals for
a Slovenian government statement said on strengthening co-operation, including in the
November 15. field of renewable energy sources.
Algeria will supply around one-third of Slo- The gas deal had previously been announced
venia’s annual needs, or 300mn cubic metres of by Prime Minister Robert Golob earlier in
gas, contributing to Slovenia’s energy security November. Former infrastructure minister
after Russia’s invasion of Ukraine and Western Jernej Vrtovec said back in March that Slovenia
sanctions on Russia. The gas will be delivered to planned to import natural gas from north Afri-
Slovenia from January 1, 2023. can countries, such as Algeria and Morocco, via
“With the signing, we will ensure additional Italy to reduce its dependence on Russian gas. ™
reliability in gas supply in less certain times, so
I am happy and proud that we succeeded,” said
Slovenian Infrastructure Minister Bojan Kumer
at the signing ceremony.
“Our goal is to further upgrade and increase
the supply of gas from Algeria to Slovenia on
the very important strategic long-term con-
tract signed today for the supply of natural gas
from Algeria. We also see many possibilities for
the development of co-operation in the field
of renewable energy sources with an emphasis
on solar energy and, of course, the exchange of
good practices in these areas,” Kumer added.
Slovenian Minister of Foreign Affairs Tanja
Fajon and her Algerian counterpart Ramtan Algeria will deliver about 300 mcm per year of gas to Slovenia (Photo: Geoplin)

Ofori-Atta cleared of wrongdoing over

alleged “diversion” of oil revenues

GHANA GHANA’S embattled Finance Minister Ken stake held by Ghana National Petroleum Corp.
Ofori-Atta has been absolved of any wrongdo- (GNPC) in the Tweneboa-Enyenra-Ntomme
ing in connection with the alleged “diversion” (TEN) and Jubilee oilfields, were used to settle
of $100.7mn in oil sale revenues early this year. upfront a loan used in the acquisition of shares
The revenues, which stemmed from the 7% from US-based Anadarko Petroleum.

P8 www. NEWSBASE .com Week 46 17•November•2022