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Oils and Lubricants

Graft, poor governance threaten Angola's oil boom

26th May 2003 Angola's offshore oil riches will soon propel the country into the million-barrel-a-day club, but corruption and poor governance threaten billions of dollars in future investment, analysts said on Friday. 

400 km Malawi–Moz pipeline deal signed

By: Marcel Chimwala     23rd May 2003 Malawi – Canadian company DiamondWorks has signed a memorandum of understanding (MoU) with the Malawian government to invest in a project to construct a 400 km oil pipeline from the Mozambican Indian Ocean port of Nacala to Liwonde, in the south of Malawi. 

Nigeria oil output hemmed in by ageing facilities

23rd May 2003 Nigeria, Africa's biggest crude oil producer, will not be able to swiftly make up for huge production losses incurred after ethnic violence due to ageing facilities, a company official said yesterday. 

Gulf of Guinea oil scramble focus of Angola meet

21st May 2003 Oil industry leaders converged on the Angolan capital, Luanda, this week for talks on how best to exploit resources from the world's poorest continent where few Africans benefit from its oil wealth. 

Nigeria, Sao Tome set guidelines for new oil blocks

21st May 2003 Nigeria and Sao Tome have drafted bidding guidelines for nine new oil wells they are jointly developing, including a $30-million signature fee per block and a uniform tax rate of 50%, documents showed yesterday. 

Oil major makes new Angola find

16th May 2003 French oil major Total said yesterday it had made a "promising" new oil discovery with the first exploration well drilled in Angola's ultra deep offshore Block 32. 

Zambia to import additional 20m litres diesel

13th May 2003 Zambia has ordered the state-run Indeni Oil Refinery to import an additional 20-million litres of diesel from neighbouring countries to plug an acute supply shortage, a senior official said yesterday. 

Oil spill in Nigerian delta cuts Shell output

13th May 2003 Oil major Shell reported an oil spill from its Ughelli Quality Control Centre (UQCC)/Rapele line in Nigeria's Delta State on Friday that trade sources said was shutting in around 30 000 barrels a day of Forcados output. 

ABB confident of quick oil business sale

12th May 2003 Engineering group, ABB has received offers for its oil, gas and petrochemical business and a deal would come quickly once its asbestos lawsuits are settled, Chairman Juergen Dormann said today, boosting the shares. 

Nigeria calls for full output from oil firms

12th May 2003 Nigeria has told its foreign oil investors to pump at full capacity in June, despite a recent deal with OPEC to curb supply, trading sources said yesterday. 

Total says gets Angola nod for Dalia project

6th May 2003 French oil producer TotalFinaElf said yesterday it had received the green light from Angolan State-owned firm Sonangol to start developing the Dalia oilfield, offshore from the southwest African country. 

New company enters the lubrication industry

2nd May 2003 A new company has been launched by IMS of Johannesburg. 

Transnet in R2,4bn oil empowerment move

By: Martin Czernowalow     24th April 2003 Black economic empowerment (BEE) in South Africa’s petroleum industry received another boost yesterday, with the announcement that 60% of Transnet’s fuel procurement tender has been awarded to BEE enterprises. 

Algeria-Libya venture to auction exploration blocks

23rd April 2003 Algerian Libyan Arab Oil Exploration and Production Company, (ALEPCO) a joint venture between Algeria's Sonatrach and Libya's NOCL, said this week it is offering four oil and gas exploration licences for auction. 

Zambia looks south for crude oil imports

18th April 2003 Zambia is set to purchase 500 000 t of crude oil from South Africa, after severing a contract with a unit of Canada's DiamondWorks, a senior government official said. 

Petronas to drill for oil off Moz

14th April 2003 Malaysian State oil-company Petronas will start drilling for offshore oil and gas in the Zambezi delta of central Mozambique early next year, Mozambique's Minister of Mineral Resources and Energy said. 

Shell restores more Nigerian output

11th April 2003 Oil major Royal Dutch/Shell, Nigeria's biggest producer, said yesterday it had restored another 100 000 barrels per day (bpd) of Forcados crude production, leaving about 200 000 bpd still shut in. 

Nigeria shuts down second refinery

11th April 2003 Nigeria has temporarily shut down a second oil refinery, leaving only two of its refineries still up and running, a spokesman for the national oil body told Reuters yesterday. 

Oil group in slow Nigeria restart

10th April 2003 The Nigerian unit of US oil major ChevronTexaco said this week it was continuing to gradually ramp up oil production at facilities it had been forced to abandon following ethnic clashes last month. 

Saboteurs behind fuel crisis – Nigerian minister

4th April 2003 Nigeria's information minister repeated allegations this week that unnamed saboteurs were behind a six-week-old fuel shortage in Nigeria, which has led to snaking queues at petrol stations and caused severe congestion in major cities. 

Nigerian oil outage far from ending

4th April 2003 Oil majors, forced to shut down almost 40% of Nigerian crude output following ethnic violence, said yesterday they could not estimate when they would restart production in the affected areas. 

ChevronTexaco restarts Nigerian oil output

4th April 2003 Oil major ChevronTexaco said today it had gradually restarted Nigerian production it was forced to shut down 12 days ago because of ethnic clashes. 

Oil still blocked from Nigeria's strife-torn region

3rd April 2003 Oil major ChevronTexaco said it would meet with local government officials in the Nigerian oil town of Warri today to discuss how it could restart production in the oil-rich western Niger Delta, after a serious outbreak of ethnic violence. 

Italian energy group bids for Egyptian assets

3rd April 2003 Italy's biggest oil and gas group, Eni, has bid for natural gas assets in Egypt that energy group Edison had put on sale to help cut debt, an Eni source said yesterday. 

Two new Angolan oil discoveries announced

2nd April 2003 French oil giant TotalfinaElf and Angolan State oil company Sonangol announced yesterday two new oil discoveries in Angola's deep offshore Block 17, taking the total for the block to 15. 

Big oil focus for Nigeria expo

2nd April 2003 The Nigoil 2003 exhibition, taking place between September 24 and 26 in Lagos, Nigeria, is a showcase and conference for West Africa’s oil, gas and petrochemical industries. 

Strife forces new Nigeria oil delay despite truce

28th March 2003 Nigerian unrest forced oil giant Royal Dutch/Shell to announce new delays to shipments yesterday, as foreign oil firms said a truce among warring tribes would spell no quick return to oilfields they fled. 

Obasanjo seeks to intervene in Niger Delta oil crisis

28th March 2003 Nigerian President Olusegun Obasanjo has ordered security chiefs to end clashes in the Niger Delta, which has cut oil output by some 800,000 barrels per day (bpd), sources in his office said Friday. 

Exxon to boost Nigeria output as Delta crisis continues

27th March 2003 US multinational ExxonMobil said yesterday it was ready to increase its Nigerian oil output to help compensate for losses by other producers because of ethnic unrest. 

Iraq, Nigeria oil exports loss to hit US

27th March 2003 Iraq's official oil exports slid 75% in the week ended last Friday, while a military-tribal clash in Nigeria has slashed exports from the fellow OPEC producer, stoking concerns about the impact on US crude supply, analysts said this week. 

Nigerian truce raises hopes for oil region

27th March 2003 Warring tribal factions in Nigeria's oil-rich delta have agreed to halt bloody clashes and should let oil majors restart a huge slice of the OPEC member's shut production, local officials said yesterday. 

New Angolan Refinery

26th March 2003 The new oil refinery is expected to produce 200 000 barrels of oil a day. Production is likely to come on stream in early 2007. 

SA company’s export success reaches Nepal

By: candice haase     21st March 2003 A South African engineering and manufacturing company, Fluidex Engineering, has been exporting transformer oil purification plants since 1985, and regeneration plants since the early 1990s. 

Dual-filtration product is introduced locally

By: candice haase     21st March 2003 The reduction of the wear of automatic transmission and power-steering technology is an area that is fast developing in the automotive sector. 

Make-or-buy decision looms for SA oil

By: Zonika Botha     21st March 2003 With the local refining industry having less than three years to revamp its plants to be able to replace leaded fuel with unleaded fuel, refiners will have to make a decision whether to produce the fuel locally or import it from overseas, South African Petroleum Industry Association director... 

SA oil explorer in a new E Guinea move

21st March 2003 South African-based oil and gas exploration and production group Energy Africa last week announced a farm-out agreement with Chevron Equatorial Guinea, an affiliate of ChevronTexaco, to acquire a 20% interest in Block L, Equatorial Guinea. 

Third train starts at Algerian oilfield

18th March 2003 The third 75 000 barrel per day (bpd) train at Algeria's Ourhoud oilfield has started up, a foreign equity holder said yesterday, indicating peak production of 230 000 bpd may be reached well ahead of the mid-year target. 

Guinea keen to boost oil exploration

18th March 2003 Guinea is keen to step up the search for oil off its Atlantic coast and wants to attract more foreign oil firms to bolster exploration efforts in the poor West African country. 

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