News / International
Nigeria To Boost Expenditure as Oil Deficit Widens
Nigerian President, Muhammadu Buhari announced plans to raise the government spending to $31b, up 20% in 2016 through extensive borrowing at home and abroad amid falling oil prices.
Tripoli NOC Reasserts Legal Rights Over Crude Export
The Tripoli-based National Oil Corporation (NOC) issued a statement underlining its right to take legal action against any party that tries to export crude or products from Libya without its permission.
South Africa to Move Ahead with Nuclear Programme
South Africa has started a process that could lead to it adding up to 9,600 MW of nuclear power to its national grid.
Zambia to Commence its First Bio-Refinery
The construction of Zambia's first bio-refinery to cater for 20% of the country's petroleum requirements has come at the right time when the country is in need of cheaper energy.
Israeli Government Approves Gas Exports to Egypt
The Israeli government has approved gas exports to Egypt, while negotiations over the International Chamber of Commerce's arbitration ruling still have not been completed.
France’s Total to Open Fuel Stations in Angola
France's Total has signed a Memorandum of Understanding with Angola's Sonangol to open fuel stations in the southern African nation.
Nigerian Christmas Tragedy: 100 Burnt to Death in Gas Explosion
A huge explosion at a butane gas depot in south-eastern Nigeria on December 24th has left "tens" of people dead, mostly workers and customers who had come to the plant to fill up their gas bottles to cook meals on Christmas Day.
Nigeria to Reduce Petrol Price in 2016
Nigeria will reduce gasoline costs and scrap a fuel subsidy under a pricing mechanism to come into effect from January.
