Nigeria to build 30 refineries close to the state-run units
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, […]
oil
Uganda’s central bank raises benchmark rate to 17.0%
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
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
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
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 […]
Botswana: Rough diamonds exports fall 15 % in 2015
The value of rough diamonds exports from Botswana’s mines fell 15 percent in the first six months of the year 2015 to $1.7 billion, official […]
Kenya to export Oil by October 2022
Kenya’s push to start oil production by 2017 will be delayed by at least five years going by the detailed design and construction timeline for […]
Algeria scales up oil output by 32,000 bpd, officials
The Algerian ministry of energy announced Sunday its crude oil production has increased by 32,000 bpd after the start of two other oil fields. Algeria, […]
CNPC “blocks” fuel exports from Niger’s Soraz oil refinery
The National Petroleum Corporation (CNPC) has blocked fuel exports from Niger’s Soraz oil refinery, a union official said on Wednesday. Boukar Elemi, a spokesman for […]
Mauritania Finds Gas in its Offshores
International Oil & Gas Exploration Company “Kosmos Energy” has announced a significant gas discovery offshore Mauritania. The gas was encountered during drilling operation in the […]