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Southern Africa Oil & Gas News is an EIN News Service for energy industry professionals. Constantly updated news and information about Southern Africa Energy.
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Latest Southern Africa Oil & Gas News

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  • IMF formally approves US$1.4b for Angola 24 Nov 2009 00:12 GMT
    ... a loan of US$1.4 billion to help Angola cope with the drop in global oil ... country's 27-year civil war. Officials in the African nation had said the finance would help the oil-rich southern African country to alleviate its liquidity pressures caused ...

  • Engen denies knowledge of Zimbabwe's veto of BP, Shell proposal 24 Nov 2009 06:04 GMT
    ... Engen Petroleum yesterday pleaded ignorance to reports Zimbabwean authorities had thwarted its bid to acquire ... the allegation. Engen MD Rashid Yusof, BP Southern Africa chairman Rams Ramashia and BP Africa CEO ...

  • De Beers to sign new diamond deal with Namibia 24 Nov 2009 10:37 GMT
    ... in the arid Namib desert, diamonds are Namibia’s main export but slumping global demand has ... the economy. In 1994, Namibia’s South West Africa People’s Organisation (SWAPO)-led government, which is seeking re ... Mining Minister Erkki Nghimtina said. Irish Tullow Oil and Russian gas giant Gazprom have shown ...

  • IMF approves $1.4 billion loan for Angola 24 Nov 2009 08:00 GMT
    ... approved a $1.4 billion loan arrangement with Angola to help the African country restore macroeconomic balances and rebuild international reserves. The ... shock because of the sharp drop in oil prices," the IMF said in a statement ...

  • Angola's kwanza slides further against dollar 24 Nov 2009 09:18 GMT
    ... LUANDA, Nov 24 (Reuters) - Angola's kwanza extended its losses against the U.S. ... of its value this year on lower oil revenues and a government decision to loosen ... 95 per dollar. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil exports ...

  • African Markets - Factors to watch on Nov 24 24 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Tuesday. - - - - ... 0.71 percent at 141 rupees a share. MOZAMBIQUE ECONOMY The government is expected to release ... report click on For the latest crude oil report click on Keywords: MARKETS AFRICA FACTORS/ ...

  • Prostitution "journalism": Yes, mainstream media intentionall lies to you. Accept the evidence 24 Nov 2009 07:17 GMT
    ... and US military attacked and destroyed Iranian oil platforms and a commercial airliner. I've also ... that the US supports vicious dictators in Africa who cooperate with their oil exports to the US. ... third largest oil producers of Africa are Angola and Gabon; neither belong to OPEC. In addition, ...

  • HeritageOil to sell Ugandan fields to Italy's Eni 24 Nov 2009 04:35 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale ...

  • Petrol Subsidy is a Waste of Resources - Obi [interview] 24 Nov 2009 04:32 GMT
    ... is the Managing Director, Techno Oil Limited, a significant player in the downstream ... industry. As we lose our position to Angola as Africa's largest producer of crude oil, we now import ...

  • Adira Energy's parent company, AMG Oil Ltd., announces nomination of new directors 23 Nov 2009 15:44 GMT
    ... AORLB8; OTCBB: AMGOF VANCOUVER (CNW) - AMG OIL LTD. (OTCBB: AMGOF; FRANKFURT: AORLB8) AMG Oil ... Mr. Kinley worked as President of a Botswana based Coal Bed Methane exploration and development ... the central Kalahari Desert in sub Saharan Africa. Prior thereto, Mr. Kinley spent 26 years ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 23 Nov 2009 10:18 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale ...

  • Britain's Heritage Oil PLC agrees to sell Ugandan fields to Italy's Eni, drops bid for Genel 23 Nov 2009 11:50 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 23 Nov 2009 12:16 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale ...

  • Adira Energy's parent company, AMG Oil Ltd., announces nomination of new directors 23 Nov 2009 15:13 GMT
    ... 2009 (Canada NewsWire via COMTEX) -- AMG OIL LTD. (OTCBB: AMGOF; FRANKFURT: AORLB8) AMG Oil ... Mr. Kinley worked as President of a Botswana based Coal Bed Methane exploration and development ... the central Kalahari Desert in sub Saharan Africa. Prior thereto, Mr. Kinley spent 26 years ...

  • Angola FX reserves drop despite firm oil prices 23 Nov 2009 12:31 GMT
    ... Angola's foreign exchange reserves fell for the first ... in September, despite a sharp recovery in oil prices, the central bank said on Monday. ... and Portuguese construction companies operating in the African nation, which may have also weighed on its foreign ...


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