Nigeria to import 75% fuel for local consumption in 2016
The Nigerian Minister of State for Petroleum, Dr. Ibe Kachikwu, on Sunday, said fuel importation will continue beyond 2016. Addressing a press conference shortly after […]
Petroleum
Nigeria to build 30 refineries close to the state-run units
Nigeria has granted 30 construction licences to private refineries in order to cut the country’s reliance on imports. According to the Vice President, Yemi Osinbajo, […]
Nigeria: President to handle oil portfolio in long waited cabinet
Nigeria’s President Muhammadu Buhari is to take personal charge of the country’s crucial oil portfolio, his spokesman, Femi Adesina said on Tuesday, as a deadline […]
Madagascar to pass long-delayed mining and petroleum bills in October
Madagascar’s Minister for Mines & Petroleum Joeli Valerien Lalaharisaina has declared Madagascar ready to do business with the international community and is currently in the […]
Energy: Egypt signs deals with Russia’s Rosneft
Egypt’s government signed on Tuesday two initial deals with Russia’s top oil producer Rosneft to import petroleum products and LNG cargoes. Rosneft Chairman of the […]
Ghana: 15% hike in petroleum prices
One week after new 15 percent increment in transport fares across Ghana, prices of gas and petroleum products are due to go up by 15% […]
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: energy and petroleum investment hub
According to a report entitled ‘Mergers and Acquisitions in the Oil and Gas Industry: Current Upstream M&A Issues and Transaction Considerations’ released by Deloitee, Libya […]
Libya: Shortage of petrol in Tripoli
Libya is the second petroleum producer in Africa right after Nigeria and before Algeria. Having also the biggest natural reserve of petroleum in Africa it […]
South Sudan: Resuming the economy construction
Last January, South Sudan completely shut down its oil production unit because of a dispute with Sudan over the price Khartoum imposed for its exportation. […]