Libya's internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation's crude deposits.
Mauritania, one of Africa’s poorest countries and newest oil producer, looks forward to developing its economic relations and partnership with China, a major world economic power.
Angola is unlikely to produce 2 million barrels of oil per day in 2016, said the office of economic and financial studies of the Portuguese bank BPI, adding that this is “an overly optimistic goal."
Nigeria’s oil firm NNPC had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa’s largest crude producer.