Africa | Egypt Oil & Gas - Part 22
Nigerian Oil Crisis Takes a Toll on Bureaucrats
It’s been five months since Johnson Umeadi and his wife, Adaku, received their salaries as government workers in southeastern Nigeria.
Angolans Resentful as China Tightens its Grip
When a halving of oil prices left a gaping hole in Angola's finances this year, it became clear sub-Saharan Africa's third largest economy needed help fast - and President Jose Eduardo dos Santos knew exactly where t ...
How the Oil Boom Has Shaped Kenya
THE world’s oldest tools are the size of massive fists, sharpened at the edges and seemingly unblemished, having been preserved in ancient soil. They predate the earliest humans and hint at how long it has taken our ...
Eni Oil-Pipeline Explosion in Nigeria Kills 12, Injures 3
Twelve people died and three were injured in an explosion during repair work at an Eni SpA crude oil pipeline in Nigeria.
Nigeria To Share $2.1 Bn of Natural Gas Revenues
Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidenc ...
China Invests in Sudan’s Oil Industry
China's ambassador to Sudan, Li Lian, says Beijing will increase its investments in the East African country's oil industry and support its program to increase oil production. Tullow Oil Finds Ways to Stay Afloat in Africa
Africa-focused Tullow Oil is turning to low-cost technology in its search for new oil reserves after the collapse in the price of crude and a poor run of discoveries forced the company to slash its exploration budget ...
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa's biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform proposa ...
