The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas via a mudaraba.
It sets Eco and partner Tullow Oil up to drill the Osprey exploration well next year, but, first the sector’s attention will be on an upcoming Chariot Oil & Gas.
In 2016 alone, Nigeria could not earn about $1.150 billion potential gas revenue because as much as 275 billion cubic feet (BCF) of natural gas were flared from oil fields.
Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla signed on Saturday two deals with firms from Canada, the UK, the Netherlands, Malaysia and Kuwait to explore for petroleum and.
The Commission of the Economic Community of West African States (ECOWAS) has moved to validate its regional strategy for the popularization of Liquefied Petroleum Gas (LPG) in West Africa with.
Malaysian oil and gas company Petroliam Nasional (Petronas) said on Monday it has acquired a 30% stake in Senegal’s Rufisque Offshore Profond block, its first project in the West African.
