Tag Archives: Million

U.S. production of crude oil grew 5% in 2017, reaching 10 million barrels per day in the last two months of the year (3/14/2018)

Annual average U.S. crude oil production grew by 463,000 barrels per day (b/d) in 2017 to 9.3 million b/d after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production grew 1.2 million b/d year-over-year and reached the highest level of production in U.S. history, surpassing 10 million b/d, a level […]

Nigeria: Vandals Cut N40 Million NIPP Power Transmission Tower in Abia

By Chineme Okafor Abuja — The Niger Delta Power Holdings (NDPHC) Plc, which is handling the 10 National Integrated Power Project (NIPP) plants, on Thursday said that vandals attacked and cut its transmission lines and tower worth N40 million in Abia state. NDPHC also stated that the development has ensured that 1,397 megawatts (MW) of […]

Uganda: MPs Paid Shs 100 Million Each in Accrued Fuel Allowance

Parliament has paid out close to Shs 40bn to legislators as accrued fuel allowances. Each MP has reportedly received Shs 100m as arrears accrued in fuel allowances since the 9th parliament commenced translating to Shs 37.5bn for the 375 MPs. In its justification for the payments, the Parliamentary Commission says that due to the rising […]

Zambia: Zim Owes Zambia U.S. $114 Million

ZIMBABWE still owes Zambia US$ 114 million in interest accrued in connection with the defunct Central Africa Power Cooperation (CAPCO) which was jointly owned. Recently, the Government of Zimbabwe cleared the principal debt amounting to US$ 70 million owed to Zambia. Mines, Energy and Water Development Minister Christopher Yaluma said that Zimbabwe still owed Zambia […]

U.S. refinery capacity reaches 18 million barrels per day

June 25, 2015 Source: U.S. Energy Information Administration, 2015 Increased refinery runs—based on increases in both capacity and utilization—have helped accommodate increases in U.S. crude oil production. The United States’ capacity to refine crude oil into petroleum products—measured as operable atmospheric crude distillation unit (CDU) capacity—increased by 0.2% in 2014, reaching 18.0 million barrels per […]

Uganda: Tullow Oil Agrees to Pay U.S.$250 Million Tax to Uganda

Tullow Oil plc (‘Tullow’ or the ‘Group’) announces that it has settled its Capital Gains Tax (‘CGT’) dispute with the Government of Uganda and the Uganda Revenue Authority (‘URA’) with regard to its farm-downs to CNOOC and Total in 2012. Following constructive discussions with the Government of Uganda and the URA, Tullow has agreed to […]

Oil trade off Yemen coast grew by 20% to 4.7 million barrels per day in 2014

April 23, 2015 Source: U.S. Energy Information Administration, based on Lloyd’s List Intelligence, Suez Canal Transit Authority, Eurostat, and Global Trade Atlas, using EIA conversion factors While between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and […]

Rwanda: EU Provides U.S.$25 Million for Rwanda Energy

Kigali — The European Union has extended a grant of euro 23 million (nearly $ 25 million) which will go towards improving energy efficiency in the country. This is part of getting over 70% of Rwanda’s population with access to electricity by financial year 2017/18. Related Topics Africa: 350 African Entrepreneurs in Dar… Zimbabwe: Econet […]

Angola: U.S. $9 Million Offshore Crude Oil Unloading Unit Inaugurated

Luanda — A floating facility designed to store, produce and unload the crude oil on (FPSO CLOV) in Angolan offshore Block 17 was inaugurated Thursday in Luanda. The project, worth USD 9 million, was inaugurated by the French owned Oil Firm “Total E & P” in partnership with the Oil Ministry and National Society of […]

Liberia: Nocal Steps Up Ebola Fight – Provides Quarter of Million U.S. Dollars

Monrovia — The National Oil Company of Liberia has stepped up its support towards efforts to contain the spread of the Ebola virus in Liberia. The company has now contributed more than a quarter of a million dollars in cash and essential health materials since the outbreak of the virus in Liberia more than six […]

South Africa: Jinko Solar Opens R80 Million Factory in Cape Town

New York Stock Exchange-listed Chinese company Jinko Solar, the fourth-largest solar PV manufacturer in the world, unveiled an R80-million solar photovoltaic (PV) module manufacturing plant in Cape Town on Tuesday. The factory – the company’s first outside of China – will produce up to 1 300 solar panels a day, translating to 120 megawatts (MW) […]

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