Africa | Egypt Oil & Gas - Part 19
Nigeria, Angola Crude Exports to US Increased
Nigeria's and Angola's crude oil export to the United States has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016.
Eni Plans to Invest $22.5b in Africa Over Next Four Years
Italy's Eni plans to invest about $22.5b in Africa over the next four years, mostly in the oil and gas industry, the company's CEO, Claudio Descalzi, said. Currently, the Italian company is involved in projects in 15 ... 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.
IMF is Ready to Lend to African Oil Producers, No Requests Made
The IMF said it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests.
Africa’s PetroCurrencies Hit by Low Oil Prices
Africa's petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably. Angola’s currency fell to an all-time low, Nigeria has imposed strict capital controls, and ... India Seeks to Acquire Assets in Oil&Gas Industries in Africa
India announced it was opening negotiations with state-run oil and gas companies from Africa to acquire more assets on the resource-rich continent in downstream industries, hydrocarbon exploration and production, exp ...
Africa Launches Ambitious Renewable Energy Initiative
Africa has launched an ambitious Africa Renewable Energy Initiative (AREI) to develop more than 10GW of renewable energy generation capacity by 2020, and at least 300GW by 2030, potentially making the continent the c ...
Africa’s Oil, Gas Industry to See Rapid Growth in 2016
Africa's oil and natural gas industry is expected to see a rapid growth in 2016, surging its production capacity of 8m b/d of crude oil, as recorded last year.
