Most Recent News

Angola’s Economic Diversification: Opportunities Beyond Oil

As one of Africa’s largest oil producers, Angola’s economy has long been dependent on this single sector, with hydrocarbons contributing to approximately 90% of export revenues and around 30% of.

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Libya’s oil terminals resume exports after brief closure over bad weather

Four Libyan oil export ports that were closed last week because of bad weather have reopened, a Libyan shipping source and port engineers told Reuters on Sunday. Tankers were docking.

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Egypt’s oil ministry plans to attract $10 billion investments in 2018-2019

Egyptian Oil Minister Tarek al-Mulla announced that his ministry planning to attract about $10 billion worth of new investments during the current fiscal year 2018-2019, in order to search and.

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Turkey signs agriculture, oil exploration deals with Sudan

Turkey and Sudan have signed a $100 million oil exploration deal and an agreement allocating thousands of square miles of Sudanese agricultural land for investment by Turkish companies, Turkey’s agriculture.

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Petronas acquires 30% equity in Senegal oil, gas block

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.

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Mattis: US ‘Not in Iraq to Seize Anybody’s Oil’

U.S. Secretary of Defense Jim Mattis said Monday the United States does not intend to seize oil from Iraq, something President Donald Trump has in the past advocated as “spoils”.

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Mattis: US ‘Not in Iraq to Seize Anybody’s Oil’

U.S. Secretary of Defense Jim Mattis said Monday the United States does not intend to seize oil from Iraq, something President Donald Trump has in the past advocated as “spoils”.

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East Africa Nations Race to Become Region’s First Oil Exporter

    Significant onshore oil discoveries in Uganda and Kenya and offshore gas discoveries in Tanzania and Mozambique have made East Africa a subject of intense interest among the global.

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Oil Slips below $49 as Rising Supply Trumps Hopes for Producer Action

By Alex Lawler Oil fell below $49 a barrel on Tuesday, giving up part of August’s strong rally, as signs of rising supply outweighed hopes that producing nations will agree.

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Ghana Expects Steady Oil Output in 2016

As Tullow Oil Jubilee Field’s output increases, Ghana’s oil output is expected to average 110,000 barrels per day in 2016, similar to last year. Chief Director, Ministry of Petroleum Ghana.

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