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Tullow Oil denies oil discovery reports in Ethiopia

British explorer that is carrying works in the South Omo zone has denied reports by US based website Energy and Capital that it had discovered oil in the zone. Tullow Oil said that although drilling had commenced no oil had been struck yet terming the story confusing and poorly written. “Tullow Ethiopia wishes to clarify …

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East Africa lacks extractive industry taxation capacity

Article courtesy of OxfamAmerica Dr. Prosper Ngowi Dr. Prosper Ngowi, an economics professor from Tanzania, said that Tanzania has lost a lot of revenue from the gold sector because of its inability to monitor and collect taxes. “Are we going to miss it this time around with gas? If so, we’ll be the laughing stock …

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East Africa next investment attraction exploration and production companies

[twitter-follow screen_name=’oilnewskenya’] 3 East African countries Kenya, Mozambique and Tanzania are set to be the next attraction for the exploration and production companies following recent mineral finds and infrastructure projects. According to the East Africa Oil and Gas Outlook the recent oil and gas finds in these countries will end a 20+ period of relative …

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Nock, Shell among Oil marketers’ guilty of mixing products

Major oil companies including government owned National Oil Corporation (Nock) are among 16 rogue marketers penalized by the energy regulatory commission. The other major oil companies include multinational oil giant Shell and local companies Hass and Oilcom who were said to be selling adulterated petroleum products mainly petroleum and diesel alongside other outlets under small …

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Scottish firms eye East African Oil and Gas sector

[twitter-follow screen_name=’oilnewskenya’] 15 firms have visited Kenya on a fact finding mission oh how the region is prepared for the oil and gas boom and to discover opportunities in the sector. The Scottish firms hope they can deliver the experience they have especially in the oil and gas sectors spanning over 40 years into the …

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Infrastructure projects Uganda must undertake for quick oil production

[twitter-follow screen_name=’oilnewskenya’] Amid accusations from British explorer firm Tullow Oil that Uganda was dragging its feet in relation to becoming an oil producer the government is said to be pulling up its socks to try and speed up production. There are even reports that the company is considering selling its blocks to other companies and …

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CEPSA and Milio international receive exploration licenses in Kenya

[twitter-follow screen_name=’oilnewskenya’] The ministry of energy and petroleum has licensed Compania Espanola de Petroleos (CEPSA) and Milio international of Dubai to explore for crude oil and gas in north western Kenya and at the coast. CEPSA will acquire 55 percent from EHRC in block 11A a block situated at the Kenya South Sudan border and …

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Kenya looking for $500m to construct new Pipeline

[twitter-follow screen_name=’oilnewskenya’] Kenya is looking for  a financier of a $500 million loan to put up a new fuel pipeline from Mombasa to Nairobi to replace the current 14 inch pipeline. The project that is being put together by East African countries in the northern corridor namely Kenya, Uganda and Rwanda will run concurrently with …

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