Nigeria’s EPC Secures Afreximbank Loan for IOC Expansion
Dorman Long Engineering Limited and Afreximbank signed the $10 million loan agreement during AEW: Invest in African Energy 2024.
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Dorman Long Engineering Limited and Afreximbank signed the $10 million loan agreement during AEW: Invest in African Energy 2024.
Nigeria and France have signed a Memorandum of Understanding (MoU) to cooperate on strengthening their critical minerals value chains.
The offshore Ima gas project in Nigeria will be developed by TotalEnergies in partnership with a local firm.
The contract is scheduled to begin in December 2024.
The gas pipeline will integrate a gas network between 16 West African countries along the Atlantic Coast.
Africa Oil Corp. provided an update on its Nigerian operations, including progress on seismic surveys, a successful infill drilling campaign at Akpo and ongoing negotiations for continued drilling in 2025.
The 10-year Gas Sale and Purchase Agreement aims to boost production capacity and support power generation and refinery operations in Nigeria.
The gas processing plant will be capable of generating up to 540 MW of electricity.
The license renewal strengthens the company’s production outlook in the offshore Agbami field.
The agreement aims to deepen Egypt’s strategy to expand into broader African markets.