News / International
Nigeria Convinces Oil Majors to Pay $200m for Fuel Imports
Nigeria will get $200m in badly-needed hard currency from oil majors to pay for fuel imports and ease petrol shortages that has hit the OPEC producer, the head of state-run oil firm NNPC said.
Angola to Negotiate Three-Year Loan With IMF
Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry and the IMF said.
Vietnam Demands China to Move Oil Rig From Disputed Waters
Vietnam’s government said it had demanded China to remove an oil exploration rig from the Gulf of Tonkin, an area where the countries are still negotiating a delineation of control. Vietnam calls on China to stop complicating the situation with unilateral action.
Eni Mulls Investment in Solar Power Projects in Africa
Italian oil major Eni is ready to spend "hundreds of millions" of euros in developing solar power projects in Africa, the group's CEO, Claudio Descalzi, said.
Nigeria’s Forte Oil Seeks to Raise $502m for Expansion
Nigeria's Forte Oil said it plans to raise up to $502m to expand its operations in the country and will seek shareholders' approval at its annual General Meeting in April.
Azerbaijan, Armenia Sign Ceasefire Deal over Nagorno-Karabakh
A ceasefire between key oil and gas players in the Caspian region, Azerbaijan and Armenia, was signed on April 5th putting an end to a renewed conflict that erupted over the breakaway Nagorno-Karabakh region. The deal was concluded at a meeting between Armenian and Azeri Chiefs of General Staff in Moscow.
Aminex Starts Gas Production from Tanzania’s Kiliwani North Field
Africa-focused oil and gas production and development company, Aminex, announced that first gas production has been achieved from the Kiliwani North gas field in Tanzania.
Bulgaria-Romania Gas Pipeline to Open in August
An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of Bulgaria and Romania.
