Uganda eyes up to $20 bln oil sector investment by 2020
Uganda’s petroleum authority on Tuesday said it expect investments of $15 billion to $20 billion in its oil industry in the next three to four […]
oil
Nigeria seizes $21mln and property of former oil minister
Nigerian authorities have seized about $21 million and property belonging to former Nigerian Oil Minister Diezani Alison-Madueke amid public Fund embezzlement and corruption scandals in […]
Drop in Oil Prices Unveils Vulnerability of Algerian Economy
Algerian authorities have finally been compelled to face the reality and admit the failure of their economic model based on crude oil exports and trade. […]
Algeria’s Foreign Exchange Reserves fall to $109 bln in February 2017
Algeria is on course of depleting its coffers as its foreign exchange reserves continue to dwindle to stand at $109 billion dollars at the end […]
Nigeria: Buhari slims his schedule for further treatment
Nigeria’s president Muhammadu Buhari has reduced his working hours since he returned from medical leave, Voice of America reported. According to the US media, the […]
Algeria supports oil freeze continuation as stocks diminish
Algeria has voiced its support for the extension of the oil production freeze agreement between OPEC and non-OPEC members as it believes that “stocks in […]
Nigeria directs oil firms to relocate headquarters
Nigerian’s acting president, Yemi Osinbajo this weekend instructed the relocation of all International oil companies head offices in the West-African nation to the Niger Delta. […]
Uganda eyes 5.5% GDP in the year ending June 2018
Uganda’s economy boosted by lower borrowing costs and higher oil sector investments will grow by 5.5 percent in the year to June 2018, a budget […]
Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
OPEC Members Agree to Cut Oil Production by November
Members of the Organization of Petroleum Exporting Countries (OPEC) on Wednesday reached an agreement to limit oil production to between 32.5 and 33 million barrels […]