African Business News

Africa Oil Signs Petroleum Exploration, Production Agreement

The Ministry of Mines (MoM) and Africa Oil Corporation, a Canadian oil gas company with assets in Kenya, Ethiopia and Mali, signed a Petroleum Production Sharing Agreement last week.

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Barrick Gold Invests U.S$2 Billion in Tanzania Oil, Gas

Dar es Salaam, Tanzania — As East African states continue to explore for more oil and gas in their respective regions, Barrick Gold East Africa has said that they have invested $2b in Tanzania due to the great potential the country has in oil and gas.

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West Africa Remains Oil, Gas Destination

MANAGING Director of Seplat Petroleum Development Company Austin Avuru, has described the West Africa as a prime petroleum province in the world.

The industry expert made the submission in London in a paper he presented at the International Petroleum Week

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DTI leads SA investment mission to India

South Africa has identified India as a strategic partner due to the fact that its economy presents enormous trade and investment opportunities for South African businesses, says Deputy Trade and Industry Minister Elizabeth Thabethe.

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