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Libya’s Sharara field returns to normal after protest

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TRIPOLI / Reuters Production from Libya’s largest oil field was returning to normal after being briefly disrupted by armed protesters who broke into a control room in the coastal city of Zawiya, the National Oil Corporation (NOC) said on Monday. A pipeline supplying jet fuel and gasoline from Zawiya to Tripoli that the protesters had also closed has reopened, the ...

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Saudi prince to invest $800 million in Egypt

CAIRO / Reuters Saudi Arabia’s Prince Alwaleed bin Talal will invest about $800 million to expand the Four Seasons resort in Sharm el-Sheikh, in partnership with Talaat Moustafa Holding Group, Egypt’s Investment Minister Sahar Nasr said. Billionaire Alwaleed’s investment will also include establishing two new hotels in al-Alamein, a town on Egypt’s Mediterranean coast, and Madinaty, a residential compound east ...

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Uganda chooses group with GE to develop refinery

Uganda chooses group with ge to develop oil refinery

Bloomberg Uganda chose a group including General Electric Co. to build and operate a 60,000-barrels-a-day refinery that will process part of the crude extracted from fields being developed by Total SA and Tullow Oil Plc. The Albertine Graben Refinery Consortium — which also includes Yaatra Ventures LLC, Intracontinent Asset Holdings Ltd. and Italy’s Saipem SpA — was picked after a ...

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