OPEC shares expectations on MENA countries in 2014
The Organization of Petroleum Exporting Countries (OPEC), which pumps more than a third of the world’s oil, suffered a cutback of oil production over the […]
OPEC
Libya:Islamic law for banks and economic system in 2015
Islamic law will soon become the law regulating the banking and economic system in Libya. Government officials hinted about the possible change after a sudden […]
Libya : Militias to leave ports, Union workers occupy
Libyan oil ports in the east are set to open and begin operation after being inactive for months due to the siege of the militias. […]
Morocco May Be U.S. Best Friend in Africa & Elsewhere
Arab Spring has so far brought only chaos not democracy and stability to most Arab countries, such as Tunisia and Egypt, US major allies in […]
GCC: Budget deficits to rock states by 2015, IMF
Members of the Gulf Cooperation Council namely Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain could be facing serious economic woes and budget deficits […]
Libya has too much oil for OPEC
The Libyan Oil Minister has announced they will be pushing for an increase of the quota allocated to the country at the Oil and Gas […]
Libya: Disruption of Oil Exports
Libya, an OPEC member, which is seeking to boost its oil production, is currently hit by some waves of sporadic demonstrations, affecting the North African […]
Africa: OPEC Fund to finance socio-economic development projects
The OPEC Fund for International Development (OFID) will extend 13 loans and grants totaling about US$66 million to 34 partner countries, many of them in […]