Exxon planning to sell Iraq stake
Diplomatic sources have hinted that Exxon Mobil will be forgoing its giant oilfield project in southern Iraq because of small profits from the estimated $50 […]
oil
Sudan and South: Oil and Trade Deal
The two Sudans have been able to come to terms regarding the oil exportation from South Sudan and the usage of Sudan’s pipelines and port […]
S. Sudan to resume oil production in four to six months
South Sudan’s Minister of Petroleum and Mining Stephen Dhieu Dau said Thursday his country hopes to resume oil production in the Upper Nile’s oilfields in […]
Nigeria lost more than $400 billion of oil proceeds since 1960
Nigeria has lost more than $400 billion of its oil revenue because of theft or mismanagement since the country’s independence in 1960. The figure was […]
Libya prioritized in Total’s regional investment
Total has revealed the reinforcement of its investment intentions to explore and develop new resources in North Africa especially in Libya. The company is already […]
Tunisia: Oil drilling program and flow tests results
A press release by the CYGAM Energy Inc. has manifested the company’s pleasure in providing the initial flow rates on the TT-16 horizontal well in […]
World hails Sudan and South Sudan agreement
World leaders have praised Sudan and South Sudan for the sacrifices they have made to conclude an agreement over the transportation of oil that both […]
Sudan-South Sudan: No agreement in sight for oil, border disputes
More than a year after South Sudan became independent from Sudan, the two countries have not yet reached agreement on their oil and border disputes […]
Libya: IMF predicts strong economic rebound
As Libya is recovering from a civil war that ended with the ouster last year of Moammar Gadhafi and as its oil is flowing again […]
Sudan: Oil production to resume soon
At the currently on going Summit in Ethiopia on African Union Peace and Security Council (AUPSC), South Sudan and Sudan have come close to forgetting […]