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 […]
oil
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), […]
Angola withdraws from OPEC in disagreement with oil quotas
Angola has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), against a backdrop of disagreement over oil production quotas, deeming it […]
Angola inaugurates second phase of 39ME gas project in Soyo
Sonangol inaugurated Thursday December 14 the second phase of the Falcão project, an investment of 42.8 million dollars (38.9 million euros) that will supply gas […]
Zimbabwe: significant natural gas deposits found in north leave citizens unimpressed
Energy companies claim to have discovered natural gas in northern Zimbabwe, with the country’s government expressing hope that the discovery, if it can be exploited, […]