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OPEC

Nigeria and Algeria could see their petrol production increased as OPEC agreed to raise production limits

July 19, 2021 Khalid Al Mouahidi 0

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

June 28, 2018 Khalid Al Mouahidi 0

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

June 25, 2018 Khalid Al Mouahidi 0

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

April 23, 2018 Geraldine Boechat 0

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

January 26, 2018 Khalid Al Mouahidi 0

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

December 29, 2017 Geraldine Boechat 0

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

August 29, 2017 Steven Addamah 0

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

July 13, 2017 Khalid Al Mouahidi 0

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 […]

Equatorial Guinea approved as 14th OPEC member

May 26, 2017 Steven Addamah 0

Equatorial Guinea has officially joined the Organization of Petroleum Exporting Countries (OPEC) as 14th member on Thursday, Reuters reported. Africa’s third biggest oil producer applied […]

Angola’s Council of the Republic sets August 23 for polls

April 25, 2017 Steven Addamah 0

Angola’s Council of the Republic on Monday proposed Aug. 23 for the presidential election in the central African nation. The decision hangs on President Jose […]

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