Oil | Egypt Oil & Gas - Part 51
Nigeria to Shift Gears to Agriculture in Fight Against Oil Corruption
Nigeria’s democratically elected President Muhammadu Buhari plans to split the Nigerian National Petroleum Corp. in two, creating a regulator and a vehicle for investments, said Femi Adesina, a presidential spokesman ...
UN Joins Fraud Office Investigations of UK’s Soma Oil
The drama over UK’s Soma Oil & Gas continues to unfold since the British Serious Fraud Office raided the company’s London office on July 31, as part of its investigation into $500,000 worth of payments to Somali offi ...
US Treasury Adds Russian Gazprom field to Sanctions List
The US Treasury Department added a field operated by Gazprom to its list of targeted economic sanctions,
Morocco Shuts Down Country’s Only Refinery
Morocco's only refinery is due to be shut down, announced Al Arabiya recently.
Angola Economy Reeling from Low Oil Prices
Angola, Africa’s largest crude producer after Nigeria, is facing extreme austerity measures as it deals with the fallout of low oil prices, reported Bloomberg.
Nigeria Unprecedented Cleanup Plans Awaiting More Guarantees
Nigeria announced that it would finally clean-up the oil-contaminated Ogoniland in the Niger delta, and at the cost of $1bn, according to the Guardian.
Eastern Libya Government Appoints New Oil Minister, Plans to Open Ports
The Libyan government in Tripoli recently announced the appointment of a new head for the National Oil Company (NOC), reported Bloomberg.
Nigeria Losing Billions of Dollars Due to Oil Corruption
Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes.
