Oil

The construction of the US $3.5bn East African Crude Oil Pipeline (EACOP) is expected to begin this month. According to Foreign Affairs minister Palamagamba Kabudi, Total Oil Company director for...

East African countries Sudan and South Sudan signed a number of agreements that involve oil production in the two countries. The countries agreed upon the need to increase oil production...

Sirte Oil Company, an oil and gas company in Libya operating under the state-owned National Oil Corporation (NOC) has increased its crude oil production from 55,000 to 100,000 barrels per day, almost...

The Economic Commission for Africa (ECA) has warned that Nigeria could lose between US $14bn and US $19bn in crude oil exports this year due to the economic impacts of...

Equatorial Guinea’s Year of Investment is adopting a new outreach strategy in light of the ongoing global outbreak of the coronavirus. The Ministry of Mines and Hydrocarbons (MMH) has decided...

Angola has launched the US $60m LIFUA-A project in the Northern Cabinda Province. The project which involves building of oil platforms was initiated in the industrial base of Algoa company,...

Communities in the oil-rich region of Turkana, northern Kenya are demanding a bigger cut of revenue from oil extracted from its area from the government, according to a report filed...

ABUJA, Nigeria: Nigeria has signed financing deals with oil majors Shell and Chevron to develop projects that would boost reserves and revenue, the state-run oil firm said this week. "Two...

Work in progress on site at Lekki Free Trade Zone Area in Lagos, Nigeria The Nigerian government is pushing for the Dangote refinery in Lagos to come online before its...

African governments need to create incentives to nurture local refinery capacity (image credits: www.energyfuse.org) Any investment in the petroleum refining business, which is typically capital-intensive and prone to market volatility,...