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The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), [4] [3] is a 1,443 km crude oil pipeline in planning since 2013, with a foundation stone nominally under construction since 2017, [5] and is intended to transport crude oil from Uganda's Tilenga and Kingfisher oil fields to the Port of Tanga, Tanzania on the Indian Ocean.
LEKOIL is a Cayman incorporated company, which is focused through its shareholding in Lekoil Nigeria on African oil exploration and production, with interests in Nigeria and offshore Namibia. The company was founded in 2010 by a former analyst from Alliance Bernstein and listed on the Alternative Investment Market of the London Stock Exchange ...
Ever since the late 1950s, when commercial quantities of oil were first discovered in Nigeria's Niger Delta basin, West Africa has been an area of interest for oil and gas exploration and ...
The initial capacity of the pipeline will be 6 million cubic meters of oil per year. [2] [3] It is possible that the maximum capacity would be higher because of the high demand. [3] The project foresees the refurbishment and construction of tankage and improved loading capabilities in Matola, and new tankage in Nelspruit, Mpumalanga. [1] [4]
If the conflict destroys Iran's oil infrastructure, oil prices could surge 161% to over $200 a barrel, according to SEB's chief commodities analyst Bjarne Schieldrop.
The Congo is the sixth largest oil producer in sub-Saharan Africa. [3] As of 2021, the Congo has 1,811 million barrels of proven crude oil reserves. Their crude oil production is measured at 267 thousand barrels per day. [2] The accompanying downstream oil industry is an important element in the country's economy.
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As of December 2023, CNPC is the only company producing oil in Niger, although there are two other oil companies operating in other blocks in Niger: Sonatrach and Savannah Energy. [6] CNPC began explorations in Niger in 2003 with the Tenere and Bilma blocks. [8] Extensive exploration of the Agadem block took place between 2008 and 2017. [6]