oil – Page 8 – Medafrica Times

A giant fire at an oil port in Libya destroyed four oil storage tanks

January 6, 2016 Khalid Al Mouahidi 0

A fire that is raging for almost twenty-four hours at Libya’s biggest oil port has destroyed four oil storage tanks on Wednesday, a day after […]

IMF’s Lagarde visits Nigeria

January 4, 2016 Steven Addamah 0

The Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde starts a four-day working visit to Nigeria on Monday. The international lender said […]

Nigeria: NGOs to launch “Stop the Bleeding” campaign

December 7, 2015 Pawla Nibramich 0

Nigeria is bleeding. But it’s not a physical wound; it’s a financial one, and it’s allowing more to leave in illicit flows – money that […]

ENI discovers more gas in Congo

November 6, 2015 Geraldine Boechat 0

Italian oil company ENI said on Thursday it has discovered more gas off Congo’s shores. According to the company, the discovery is situated in the […]

Nigeria to build 30 refineries close to the state-run units

October 23, 2015 Khalid Al Mouahidi 0

Nigeria has granted 30 construction licences to private refineries in order to cut the country’s reliance on imports. According to the Vice President, Yemi Osinbajo, […]

Uganda’s central bank raises benchmark rate to 17.0%

October 20, 2015 Khalid Al Mouahidi 0

Uganda’s central bank raised its benchmark interest rate for the fifth consecutive meeting after a weaker currency boosted inflation to a two-year high. The bank […]

Angola cuts budget by 50% as oil prices fall

October 16, 2015 Steven Addamah 0

The government of Angola, sub-Saharan Africa’s second-largest crude producer, cut spending by half this year following a plunge in oil prices. Vice President Manuel Vicente […]

Kuwait: Oil prices to rise as high-cost producers bow out

October 13, 2015 Khalid Al Mouahidi 0

Kuwait’s oil Minister Ali al-Omair believes that oil prices will rise by next year because high-cost oil producers have started to cut their production. He […]

Egypt ventures into Iraq for oil

October 2, 2015 Khalid Al Mouahidi 0

Egypt has acquired 10% of the concession of Kuwait Energy, a private firm, on an oilfield in Basra, southern Iraq. Egyptian Petroleum minister Tarek El-Molla […]