• 1 hour OPEC, Russia Said To Announce Oil Pact Extension On Nov 30
  • 4 hours Wintershall And LetterOne In Talks For $12B Oil, Gas Merger
  • 6 hours India Exempts State Oil Firms Mergers From Competition Approval
  • 8 hours Turkey Targets $5B Investment In Wind Energy By End-2017
  • 10 hours Weatherford Looks To Sell Assets To Ease Some Of $8B Debt
  • 11 hours OPEC Set To Move Fast On Cut Extension Decision
  • 14 hours Nigeria Makes First Step Away From Oil
  • 1 day Russia Approves Profit-Based Oil Tax For 2019
  • 1 day French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 1 day Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 1 day Oil Production Cuts Taking A Toll On Russia’s Economy
  • 1 day Aramco In Talks With Chinese Petrochemical Producers
  • 2 days Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 2 days Maduro Names Chavez’ Cousin As Citgo Boss
  • 2 days Bidding Action Heats Up In UK’s Continental Shelf
  • 2 days Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 3 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 3 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 4 days Whitefish Energy Suspends Work In Puerto Rico
  • 4 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 4 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 5 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 5 days ConocoPhillips Sets Price Ceiling For New Projects
  • 7 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
Is The LNG Glut Real?

Is The LNG Glut Real?

LNG prices have fallen significantly…

Are Autonomous Cars Ready To Ditch The Backup Driver?

Are Autonomous Cars Ready To Ditch The Backup Driver?

Self-driving cars are being tested…

Zimbabwe's Biodiesel Industry in Trouble

Zimbabwe's Biodiesel Industry in Trouble

Biofuels have been heavily promoted in the hydrocarbon-poor third world as both a fuel source and a valuable earner of foreign currency.

Now however, The Reserve Bank of Zimbabwe is seeking to sell is 50 percent holding of Transload (Pvt) Limited, a biodiesel fuel manufacturing joint venture between Zimbabwe and South Korea’s Yuon Woo Investments.

In 2007 Transload (Pvt) Limited was established with massive publicity heralding the project as both a partial solution to the country’s chronic energy shortages as well as a valuable potential foreign revenue source, the Standard reported.

Given the plant’s intermittent operations many investment and economic analysts passed harsh judgment on the joint venture, with one commenting that no local investor would want to put money in such "a white elephant."

Labor and Economic Development Research Institute of Zimbabwe economist Nyasha Muchichwa starkly commented, "Chances are very minimal that anyone would put money into such a project considering our economic and political circumstances."

Complicating the plant’s operations, first of its kind in Africa, has been its inability to secure consistent feedstocks of jatropha seed and soya beans.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News