Weekly news roundup 31/05

Shell plans to acquire oil-block stake in second deal in South Africa’s unexplored waters, Ramaphosa reappoints Gwede Mantashe and more of this week’s top news

Royal Dutch Shell Plc plans to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total SA boosted the country’s hydrocarbon prospects. Read more.

Italian oil company Eni announces that it has acquired rights to explore and develop three blocks offshore Mozambique. Read more.

South African companies look to Angola for growth in 2019. Capitalising on growing synergy between the two countries, South Africa is positioning itself as the preferred trade and investment partner to the Angolan government through commercial engagements in key economic sectors. Read more.

Tanzania’s Energy minister announces plans to build a refined products pipeline to transport petroleum between his country and Zambia at a cost of $1.5 billion. Read more.

Following recent elections, South African President Cyril Ramaphosa reappoints veteran Gwede Mantashe as Minerals Minister, but also adds energy to his portfolio. Read more.

Following orders from President Muhammadu Buhari, the Federal Government of Nigeria announces its intention to reduce Nigerian National Petroleum Corporation’s (NNPC) shares in Joint Ventures (JVs) to 40% this fiscal year. Read more.

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