Page 3 - AfrOil Week 07 2023

AfrOil CONTENTS AfrOil

COMMENTARY
AEC urges South Africa to step on the gas 4

INVESTMENT
Egypt signs five oil and gas agreements worth $40mn 6

Dual-listed Africa Oil Corp reveals share buyback programme
results 7
Petronas selling 74% equity stake in South Africa’s Engen to Vivo
Energy 7
Galp to sell Angolan upstream assets to Somoil for $830mn 8

PERFORMANCE

EU expects Egyptian LNG deliveries to remain “relatively high” in
2023 9

AGOCO head sees Libya’s crude output hitting 1.5mn bpd in 2023 9

POLICY

Tullow Oil seeks arbitration over disputed $387mn in back taxes
imposed by Ghana 10
IMF urges Nigeria to eliminate domestic gasoline subsidies 11
Terrorists behead Mozambican civilians after TotalEnergies boss
visits nearby site 12

PROJECTS & COMPANIES
Bechtel and partners to establish unified power system for
WDDM, ELNG in Egypt 13
Cannon Artes in SOPC water plant contract 13

Tests at Cabinda refinery set to begin in December 14
Kinetiko Energy reports strong gas results in South Africa
drilling campaign 15

NEWS IN BRIEF 16

NEWSBASE ROUNDUP GLOBAL (NRG) 19

OUR CUSTOMERS 21
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