The United Arab Emirates (UAE) has said that it intends to invest $163b in projects to generate half of the nation's power needs from renewables by 2050.
Chairman of Libya’s National Oil Corporation’s (NOC), Mustafa Sanalla, announced that the country’s oil production has reach a three-year high of 708,000b/d.
Uganda and Tanzania have awarded a contract for designing a crude oil pipeline running through both east African countries to US based firm Gulf Interstate Engineering.
Russian Rosneft may soon withdraw from its only project in Algeria, an exploration project which Russia’s oil giant considers to have doubtful prospects.