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OPEC

South Africa Secures $150 Million OPEC Fund Loan for Infrastructure Reforms

May 14, 2026 Steven Addamah 0

South Africa has secured a 150-million-U.S.-dollar development policy loan from the OPEC Fund for International Development to support infrastructure reforms aimed at boosting economic growth […]

Angola Bets on Gas Boom as Oil Output Stalls Post-OPEC Exit

August 15, 2025 Steven Addamah 0

Angola is shifting its energy strategy toward natural gas as oil production stagnates, despite its exit from OPEC. Azule Energy, a BP-Eni joint venture, recently […]

March Sees Another Drop in Nigeria’s Crude Oil Production, Reports OPEC

April 22, 2024 Steven Addamah 0

The Organization of Petroleum Exporting Countries (OPEC) reports a further decrease in Nigeria’s daily crude oil production for March. According to OPEC’s data derived from […]

Angola withdraws from OPEC in disagreement with oil quotas

December 22, 2023 Steven Addamah 0

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 […]

The Opec+ reaches an uneasy agreement on a production cut

June 5, 2023 Steven Addamah 0

An oil production cut is on the way. An agreement was reached by the 23 OPEC+ member States, producers of around 40% of the world’s […]

Angola’s Etu Energias wants to produce 50,000 barrels of oil per day by 2025

May 11, 2023 Geraldine Boechat 0

Etu Energias, Angola’s largest private oil company, plans to increase production to 50,000 barrels per day by 2025, following the purchase of blocks from Galp […]

Oil Minister says Angola may soon have floating gas facilities

November 30, 2022 Geraldine Boechat 0

Diamantino Pedro was speaking Tuesday during a ministerial panel at the international Conference Angola Oil & Gas, an initiative of consultancy Energy Capital & Power, […]

Oil production in Angola to fall 20% by 2031

November 22, 2022 Geraldine Boechat 0

The consulting firm Fitch Solutions believes that oil production in Angola will fall 20% by 2031 due to maturing oil wells and a chronic lack […]

Equatorial Guinea: President Obiang Nguema Mbasogo received a delegation from OPEC

September 13, 2022 Steven Addamah 0

The President of the Republic, Obiang Nguema Mbasogo, has granted an audience this Monday to a high delegation of the Organization of Petroleum Exporting Countries, […]

Mohammad Barkindo, head of OPEC, died in Abuja

July 7, 2022 Steven Addamah 0

The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Mohammad Barkindo of Nigeria, died on Tuesday, official sources said. He was 63 years […]

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