Strike shuts down Congo’s oil facilities
Workers of oil companies operating in Congo have begun an unlimited strike over wage demands, paralyzing the sector which accounts for more than 80% of […]
OPEC
Opec Secretary General visits Congo-Brazzaville
The Secretary General of the Organization of Petroleum Producing Countries, Mohammed Barkindo of Nigeria, arrived in Congo-Brazzaville on Sunday evening. This is the first visit […]
Nigeria and Algeria could see their petrol production increased as OPEC agreed to raise production limits
OPEC and allied countries, meeting as OPEC+, agreed Sunday to raise production limits on five countries, ending a dispute that had sent global energy prices […]
IMF to consider bailout for debt-crippled Congo Republic
The Executive Board of the International Monetary Fund will examine Congo Republic’s request for a bailout on July 6, the international lender said on Wednesday. […]
Congo Brazzaville becomes Africa’s 7th OPEC Member
The Ministry of Hydrocarbons for the Republic of the Congo has announced that the country has become the fifteenth member of the Organization for Petroleum […]
Congo has “met” criteria for an IMF deal
Congo Republic over the weekend said it fulfilled the criteria for a deal with the International Monetary Fund (IMF) to revamp its debt-crippled economy. The […]
Nigeria to raise $2.5 billion through Eurobonds
Nigeria will raise $2.5 billion through Eurobonds in the first quarter, the Debt Management Office (DMO) said on Thursday. According to the head of the […]
Oil-dependent Gabon economy grew 0.8% in 2017 – IMF
The International Monetary Fund on Thursday downgraded Gabon’s economy growth forecast of 2017 form 1 percent to 0.8 percent. The international lender expects growth to […]
Equatorial Guinea accuses Total of ‘fraud’, demands €73 mln
Oil-rich Equatorial Guinea is demanding about €73 million from French oil group Total over “fraud” in fuel sale between 2010 and 2012, Finance Minister Miguel […]
Algeria eyeing renewable energy, Minister Guitouni
Algeria’s energy minister Mustapha Guitouni stated that they have to “use technology at the optimum level to get better returns” of their oil and gas […]