Africa | Egypt Oil & Gas - Part 22
Oil Tankers Reach East Libya Port
Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday. Another tanker was expected to lift 600,000 barrels of oil from the eastern Brega po...
Angola’s Sonangol Plans $1 Billion on Cost Savings
Sonangol EP, the state-run oil company in Angola, is seeking $1 billion in cost savings by the end of the year to help cope with plunging crude prices. The company plans to renegotiate contracts with partners and prob...
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. With Nigeria’s finances shot by last year’s collapse in oil prices, they’re strugg...
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 kne...
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 s...
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. The victims worked on a maintenance team for a local service company, Rome-based Eni said in a ...
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 pres...
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. China’s CNPC is the lar... 
