Namibia’s Venus Oil Project Poised to Transform National Economy
Namibia’s upcoming Venus offshore oil development could become a key pillar of the country’s economic growth, contributing up to 18 percent of its GDP at […]
oil
Angola Bets on Gas Boom as Oil Output Stalls Post-OPEC Exit
Angola is shifting its energy strategy toward natural gas as oil production stagnates, despite its exit from OPEC. Azule Energy, a BP-Eni joint venture, recently […]
Angolan Minister Calls for Joint Measures to Curb Falling Diamond Priced
Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has called on Thursday February 27 for collective efforts to address the decline in global […]
World Bank Report Highlights Ghana’s Vulnerability to Global Economic Shocks
A recent World Bank report has warned that Ghana remains highly vulnerable to global economic shocks, largely due to its reliance on oil-driven growth and […]
Ghana to stop Gold-for-Oil Deal Over Lack Of Transparency
Energy Minister John Abdulai Jinapor has expressed concerns over the lack of transparency within the Gold-for-Oil (G4O) programme, labelling it opaque and unclear for future […]
Libya: NOC reports daily oil production of 1.68 million barrels
The Acting Chairman of the National Oil Corporation (NOC), Masoud Suleiman, provided an update to the Prime Minister of the Government of National Unity, Abdul […]
Brazilian Petrobras Eyes Big Oil Prize in Namibia’s Waters
Brazil’s oil giant Petrobras is making waves in Namibia, eyeing a whopping 40% stake in the coveted Mopane oil and gas block. It is not […]
Niger Faces Economic Hardship as Ramadan Starts with Skyrocketing Prices
As Ramadan unfolds in Niger, the populace grapples with exorbitant prices, rendering essential commodities increasingly unaffordable. The recent transition of power has left the nation’s […]
Angola’s oil revenues fall by more than 20% in 2023
Angola’s oil revenues fell 21.3% in 2023 compared to the same period in 2022, reflecting the drop in the average price of a barrel and […]
Angola expects to raise 2 billion ME in year of implementation of single income tax
The Angolan state expects to raise 2 billion kwanzas (2.1 billion euros) in the year of implementation of the Single Tax on Corporate Income (IRPC), […]