NIGERIA - Phase Three.
The next step by NNPC was to begin work on Phase Three projects,
originally set to be completed by 1990. Related ventures have been on
the drawing board since the 1970s. The objective of Phase . . .
NIGERIA - Phase Two.
Originally scheduled for completion in 1987, the 330,000 t/y
ethylene complex under Phase Two came on stream in June 1995, together
with a unit with the capacity to produce 90,000 t/y of propylene . . .
NIGERIA - Phase One.
Feedstocks for the Phase One plants should come from the Warri and
Kaduna oil refineries. The plants in Warri are operated by Warri
Refinery & Petrochemicals Co. (WRPC). The Kaduna Refinery . . .
NIGERIA - The Nigerian Petrochemical Sector.
The petrochemical sector in Nigeria has suffered considerably since
2006 due to rebel attacks affecting the country's four oil
refineries. The two refineries on which much of the . . .
NIGERIA - The Nigerian Content Rules.
Nigerian Content is defined as the quantum of composite value added
or created in the Nigerian economy through utilisation of Nigerian human
and material resources for the provision of goods and . . .
NIGERIA - The Power Sector.
The Nigerian power industry is never out of the news. Recently the
Power Holding Company of Nigeria PLC (PHCN) said a shortage of natural
gas would hit the power stations because of some . . .
NIGERIA - Biofuels.
Engineer Funso Kupolokun, group managing director of the
state-owned Nigerian National Petroleum Corp (NNPC), on July 18 was
quoted as saying Nigeria introduced biofuels into the nation's
energy . . .
NIGERIA - The Local Oil Market.
A sudden 15% increase in the retail price of motor gasoline and
dual use kerosine and 10% rise in VAT just before Olusegun Obasanjo
stepped down as president in late May 2007 triggered a crisis and . . .
NIGERIA - The Nigerian Energy Base.
Nigeria, the seventh largest oil producer in the world and rich in
natural resources, suffers from a chronic fuel shortage. Its poor energy
base is compounded with huge economic problems. The . . .
LIBYA - The Government.
Libya is administered by a 500-strong General People's
Congress (GPC), equivalent to a national assembly which in March 1977
replaced the once ruling Revolution Command Council (RCC). The . . .
LIBYA - Who's Who In Petroleum Sector - Azzam
Al-Mesallati.
The chairman of NOC's upstream negotiating committee,
Mesallati is the state company's chief negotiator with foreign
firms in E&P ventures and the licencing rounds. He is a key man in
the E&P . . .
LIBYA - The Oilinvest Background.
Oilinvest as a group emerged in the 1980s after Libya's
acquisition of the two formerly Lebanese-controlled companies, Tamoil
and Gatoil. Now Tamoil is the biggest unit in the group. It is not . . .
LIBYA - Libya's Trans-National System; Majority Sold To US
Firm.
Libya has had major assets overseas which have helped raise its
share of the world's oil market. They have included downstream
operations in Europe where two formerly Lebanese-controlled . . .
LIBYA - The Local Refineries.
There are five oil refineries in Libya with a total topping
capacity of 348,000 b/d. NOC owns these refineries and operates them
through its subsidiaries. In the late 1980s, it had plans to raise . . .
LIBYA - Libya's Oil Refining & Petrochemical
Sectors.
The government has allocated about $10 bn for a programme to
upgrade and expand Libya's oil refining and petrochemicals sectors.
But actual costs could exceed such a budget, as project costs . . .
LIBYA - The Economic Base.
On paper, the Libyan economy is doing well, with all the key
economic indicators showing solid growth in both the oil and non-oil
sectors. The GDP has been growing at 4-6% per annum since 2003. As . . .
LIBYA - The Electric Power Sector.
Libya's power generating capacity is 5 GW. But the peak load
in the summer has been high and there were blackouts in the summer
during the past three years. There could be blackouts during this . . .
LIBYA -Fuel & Power Prices Rise.
On May 1, 2005, the Secretariat-General (government) cut subsidies
- a major move of which the Libyans had been warned several months
earlier. Thus prices of fuel and electricity were . . .
LIBYA - The Libyan Energy Base.
The energy market in Libya remains small relative to the size of
its petroleum exports, although it is growing at a rapid pace. Local
energy consumption in 2007 is to reach about 17.5 million . . .
KUWAIT - Shaikh Salem Al-Abdul-Aziz Al-Sabah.
The Governor of the Central Bank, Shaikh Salem on May 20 dropped
the dinar's peg to the US dollar. This complicated a process
towards monetary union by 2010 among the six Arab Gulf . . .
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