Nigeria Q1 Revenues Reach only 55 % of Goals
The Nigerian government failed to meet its revenue target for the first quarter of 2016, Reuters reported on Friday. Months of militant attacks on pipelines […]
OPEC
Angola: President Appoints Daughter Head of State Oil Firm
Angolan President Jose Eduardo dos Santos on Thursday appointed his daughter as new boss of the state oil firm, Sonangol. According to the presidential decree, […]
Algeria: Not bankrupt by low oil prices but ready for production freeze
Prime Minister Abdelmalek Sellal during his visit to Annaba, 600km east of Algiers, said the country is not “in bankruptcy” despite the low global oil […]
Nigeria calls OPEC Nations for emergency meeting in March
The 13 members of the Organization of Petroleum Exporting Countries “may hold an emergency meeting in the first quarter if prices remain at current levels,” […]
Angola & China state-run oil companies agree 10-year oil deal
China’s state-owned oil company, Sinochem Group said on Wednesday it had signed a deal with Angolan state-owned producer Sonangol to buy crude oil for more […]
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 […]
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, […]
Algeria: Energy Minister Yousfi laments about oil prices
Energy Minister Youcef Yousfi has called on the Organization of the Petroleum Exporting Countries (OPEC) to defend the interest of its members rather than letting […]
The oil price will fall to $ 50 a barrel according to Bank of America
The Organization of Petroleum Exporting Countries (OPEC), has no reason to exist and the price of a barrel of oil will go down to 50 […]
Libya: Tripoli takes over largest oilfield, appoints oil minister
The Libyan government based in Tripoli has shifted its attention to El Sharara, the country’s biggest oilfield, and also appointed an oil minister. This is […]