Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades
Tanzania will seek as much as an 85 percent share of profit from oil and gas produced in the East African nation, according to a draft law being debated in parliament.
The Democratic Republic of Congo’s National Assembly voted for a new oil code amid a flurry of legislation passed on the last day of its spring session on Monday, said Aubin Minaku, the assembly president.
The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded the country's bid ...
Libya's official government, based in the east since fleeing the capital, has so far failed to sell oil by itself, despite setting up a Dubai bank account and new central bank unit, industry and banking sources say.
Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United Nations warned that time is running out on its efforts to broker a deal among warring fac ...
Sudanese President Umar al-Bashir chose a new foreign minister after vowing to improve relations with Europe and the U.S., which has sanctioned the country for more than 15 years over allegations it sponsors terrorism.
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.