Petroleum
Energy CS Wandayi: Substandard fuel threat contained after Ksh4B scandal
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Energy and Petroleum Cabinet Secretary Opiyo Wandayi has assured Kenyans that the threat of substandard fuel from the ongoing Ksh4 billion procurement scandal has been contained, with supplies secure. This follows the arrests and resignations of four senior officials last week and the halting of a second suspicious shipment. EPRA has appointed Joseph Oketch as acting Director General.
Egypt’s Ministry of Petroleum and Mineral Resources announced a new natural gas discovery in the Nile Delta with an estimated production capacity of around 50 million cubic feet per day. The discovery followed the successful drilling of the Nidoco N-2 exploratory well in the West Abu Madi area of Kafr El Sheikh governorate. The concession area is operated by Eni in partnership with BP.
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Prime Minister Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Finance Minister Ahmed Kouchouk and Petroleum Minister Karim Badawi to review efforts for a sufficient and stable strategic stock of petroleum products. Discussions centered on ensuring adequate financial allocations to meet market demand and maintain stability.
Egypt has completed 90% of the planned natural gas delivery works for the first phase of the “Decent Life” (Haya Karima) presidential initiative, Petroleum Minister Karim Badawi announced on Tuesday. The update came during a meeting with Prime Minister Mostafa Madbouly in the New Administrative Capital to review ministry operations. The government is accelerating the remaining projects to meet the established schedule.
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Aliko Dangote, president of Dangote Group, has petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over allegations of corruption against the boss of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The ICPC has confirmed it will commence an immediate investigation into the matter.