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14.05.2013 Iran to Build 6 Oil Refineries in Africa

Iran will establish six oil refineries in Africa, the chairman of the union of Iranian exporters of oil derivatives announced on Sunday, Tehran Times reports.

13.05.2013 Solo Signs MoU for Pan Mineral Stake

Solo Oil reported that it has signed a binding MoU to acquire a 15% shareholding in Swiss firm Pan Minerals & Oil.

10.05.2013 Nigeria Upbeat About Oil Prospects

Programs by Exxon Mobil and Total are expected to contribute significantly to Nigerian oil production, the petroleum minister said at a Texas energy conference, UPI reports.

08.05.2013 Algeria Nixes Gas Supplies to Egypt Until 2014

If Egypt’s domestic gas consumption is relying on imports from fellow North African producer Algeria, it will have to wait a while, according to Petroleum Africa.

07.05.2013 Cobalt Preparing for Angola Spuds

Cobalt International Energy is expecting to spud its next well offshore Angola shortly, Petroleum Africa reports. In its annual report the company said that it moved the Diamond Ocean Confidence rig to the Mavinga #1 location within Block 21.

07.05.2013 Sirius and Glencore Enter Off-Take Agreement

Sirius Petroleum entered into an exclusivity off-take agreement with Glencore Energy UK Ltd, Petroleum Africa reports.

07.05.2013 South Sudan's Palouge Oilfield to Reach 180,000 bpd in a Month

South Sudan's Palouge oilfield, the country's biggest, will reach production of up to 180,000 barrels per day within a month after starting at 125,000, oil consortium Dar Petroleum said on Sunday, ramping up output slower than initially planned, Reuters reports.

06.05.2013 Nigerian Lawmakers to Probe State Oil Firm Deals Without Tenders

Nigerian lawmakers said that next week they will investigate deals in which the state-oil firm gave two local firms with no previous operating experience the rights to make potentially billions of dollars from oilfields without competitive bidding, Reuters reports.

03.05.2013 Rialto Cancels Cote d’Ivoire Drilling Contract

Rialto Energy entered into an agreement with Vantage Drilling Co. regarding payment terms in relation to the early termination of the rig contract for the Vantage Sapphire drilling Rig, Petroleum Africa reports.

03.05.2013 BG Completes Tanzania’s Mzia Well Test

BG Group completed another successful drill stem test in Block 1 offshore Tanzania, with initial results from the Mzia-2 well showing better than expected properties in the deeper Cretaceous reservoir.