Most Recent News

OPEC Approves US$20m Loan to Liberia

Organization of Petroleum Exporting Countries (OPEC) Fund for International Development has approved a US$20 million loan and a US$240,000 complementary technical assistance grant to the Republic of Liberia to improve.

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OPEC to Fund Feasibility Study of $25bn Nigeria-Morocco Gas Pipeline

The Organisation of Petroleum Exporting Countries (OPEC) Fund has announced a $14.3 million contribution to Phase II of the feasibility study for the $25 billion Nigeria-Morocco Gas Pipeline. According to.

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Libyan crude oil production hit 1 million barrels per day in September

OPEC announced that Libya’s crude oil production exceeded 1 million barrels per day during last September. The monthly report of OPEC clarified that Libya’s production rose to more than one.

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Oil price up as Trump calls OPEC to lower prices

Oil prices were mixed on Friday after falling in the previous session as U.S. President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this.

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Equatorial Guinea Presents Offer To Become OPEC Member In 2017

Africa’s no. 3 oil producer Equatorial Guinea has presented an offer to join the Organisation of the Petroleum Exporting Countries (OPEC) this year and has agreed to production cuts, its.

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OPEC Joins Russia in Upping Output Ahead Of Production Cut

By Henning Gloystein Oil prices eased on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that.

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Nigeria: Kachikwu Clinches OPEC Top Position for Nigeria

  After months of shuttle diplomacy anchored by the Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Nigeria’s quest to clinch the top job at the Organization of.

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