Page 8 - AfrOil Week 02 2022

AfrOil INVESTMENT AfrOil

The deal will also allow Eco Atlantic to acquire 2022 drilling programme, which calls for the
Azinam’s non-operating stakes in three petro- Gazania-1 exploration well to be sunk at a site
leum exploration licences offshore Namibia where the water is less than 200 metres deep at
– PEL 99, PEL 98 and PEL 97. Eco Atlantic is Block 2B offshore South Africa. Azinam and
already serving as operator of the three sites and its partners have already held a tender to find
will see its working interest in the licence areas a shallow-water drilling rig and have begun
rise to 85% once the transaction is completed. negotiations with possible suppliers. They are on
Additionally, the takeover will put Eco Atlan- track to proceed in the second half of the year
tic in a position to take over the reins of Azinam’s after the proposed acquisition is completed. ™

PERFORMANCE
Potential gasoline shortages rock Kenya

KENYA PETROLEUM product marketing companies petrol stock-out given the already constrained
in Kenya are bracing for gasoline shortages in petrol stock position,” said Jean Christian
the capital city Nairobi and the western region Bergerone, the managing director of Rubis
of the country. Energy Group.
The potential stock-outs stem from high Reports of concern over gasoline supply
demand during the Christmas holiday season hitches began emerging a few days before Ken-
and electricity supply problems from the Mom- ya’s Energy and Petroleum Regulatory Authority
basa sea port to Nairobi, Kenya Pipeline Com- (EPRA) was due to release its next monthly pric-
pany (KPC) said. ing schedule, which will cover the period from
Fuel suppliers also have linked looming gas- January 15 to February 15. ™
oline shortages to the unscheduled discharge
last week of a vessel ferrying gasoline in the
Mombasa port. The firms said in a letter to the
Ministry of Petroleum that the ship, which fer-
ried gasoline for one of the local companies, had
pushed further the discharge of vessels that had
been lined up at the port.
Kenya last month allowed importation of
30,000 metric tonnes of gasoline as private
cargo. This decision then prompted delays of
ships that had been scheduled to offload fuel at
Mombasa.
“Discharge of this cargo has pushed forward
access of already firmed up petrol cargoes by
up to five days, which exposes the industry to a KPC says demand for fuel was high during the recent holiday season (Photo: KPC)

POLICY
Gabon oil, water and utilities workers go

on strike over COVID-19 measures

GABON GABON’S oil workers’ union (ONEP) and water unions said.
and utilities workers’ union (SYNTEE+) began ONEP first threatened strike action on Janu-
an indefinite general strike on Tuesday, January ary 8 over an increase in the cost of PCR tests as
11, in protest against coronavirus (COVID-19) well as measures that establish the health pass as
restrictions and the cost of PCR tests. a condition for access to work or to spaces.
The general strike will cover all companies Sylvain Mayabith, ONEP’s deputy secre-
in oil and related activities, water and electricity tary-general, mentioned these points to Gabon
sectors throughout Gabon, the striking trade Actu earlier this week.

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