Sudan, Egypt and Ethiopia on Tuesday resumed talks on the giant Blue Nile hydropower dam after the failure of a U.S-led mediation effort earlier this year, a Sudanese official said. Continue Reading
LISTEN TO ARTICLE 2:27 SHARE THIS ARTICLE Share Tweet Post Email Libya is to export crude produced at two of its largest oilfields again after they had been halted for Continue Reading
Turkish President Tayyip Erdogan said he discussed the conflict in Libya with U.S. President Donald Trump in a phone call on Monday and that the two leaders agreed on “some Continue Reading
Libya’s largest oil field Sharara restarted production this weekend, after the 300,000 b/d site was shut-in for almost five months due to an oil blockade, stateowned National Oil Corp. said Continue Reading
A Russian drive to recruit Syrians to fight in Libya for militia leader Khalifa Haftar accelerated in May when hundreds of mercenaries were signed up, five Syrian opposition sources and Continue Reading
Nigeria said it reaffirms its commitment to the OPEC+ deal struck on Saturday and “subscribes to the concept of compensation” from members pumping above their quota. “We are in full Continue Reading
Forces of Libya’s U.N.-backed government seized control of the last remaining western stronghold of militia commander Khalifa Hifter on Friday, dealing a major setback to his ambitions to wrest control Continue Reading
As of Thursday, Libya’s Government of National Accord (GNA) was celebrating in the streets after claiming to have taken full control of Tripoli from General Haftar and his Libyan National Continue Reading
The collapse in international oil prices, having dealt a devastating blow to Nigeria’s finances, now threatens the West African nation’s shaky federal political system. Earnings from crude sales will plunge 80% Continue Reading
Angola is reducing oil shipments to China with which it pays part of its debt to its biggest creditor as the African OPEC member looks for debt relief from its Continue Reading
TRIPOLI (Reuters) – Forces loyal to Libya’s internationally recognised government captured the last major stronghold of eastern commander Khalifa Haftar near Tripoli on Friday, capping the sudden collapse of his Continue Reading
Libya’s internationally recognized government recaptured Tripoli’s main airport on Wednesday, all but driving an eastern commander’s forces from the capital ahead of what appeared to be moves towards talks on Continue Reading
The U.S. and other powers are investigating suspected efforts by Libyan militia leader Khalifa Haftar to raise funds through oil deals, including with Emirati brokers and Venezuela, according to U.S., Continue Reading
A “new baby” was born with the revival of Uganda Airlines, the country’s president announced last year. But now its four new jets sit idle, business suspended indefinitely because of Continue Reading
Nigeria is projected to have lost over N160 billion in deferred revenue to a cut in the daily crude oil production by members of the Organisation of Petroleum Exporting Countries Continue Reading
A grassy area used as a park in the Libyan capital Tripoli was hit by shelling on Sunday that left five people dead and 12 others wounded, an official and Continue Reading
Ethiopia’s government vowed to continue work on a massive dam that’s stoked tensions with Egypt, even as the Horn of Africa nation contends with the growing spread of the coronavirus. Continue Reading
Nigeria will build the second-largest hydroelectric plant in Africa after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. “We have now overcome the Continue Reading
THE National Oil Infrastructure Company of Zimbabwe (NOIC), Reserve Bank of Zimbabwe (RBZ) and the Zimbabwe Energy Regulatory Authority (Zera) are making concerted efforts to resolve the biting fuel crisis, Continue Reading
A frigate of the French Navy has prevented a tanker from loading refined oil products at a Libyan port as part of a sale to an UAE-registered company, Bloomberg reported Continue Reading
Libya’s crude oil exports have shrunk by 92 percent and the National Oil Corporation has lost some $5 billion since the start of the oil blockade early this year, the Continue Reading
The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts Continue Reading
Senior U.S. military officials said Russia has sent jet fighters to Libya to support Russian mercenaries fighting there on behalf of Khalifa Haftar, a militia leader based in the eastern Continue Reading
The Pentagon accused Moscow on Tuesday of dispatching fighter jets to Libya to bolster Kremlin-linked mercenaries helping an eastern warlord, a move that would represent a significant expansion of Russia’s Continue Reading
The GNA’s militias and Turkish forces backed by Syrian refugee-mercenaries in Libya are no match for the combined firepower of General Haftar’s LNA, allied militias, and a host of powerful Continue Reading
Libyan military commander Khalifa Haftar raised the prospect of a dangerous new escalation in the North African country’s war with a threat to target Turkish forces backing the internationally recognized Continue Reading
A UK judge dismissed on Friday a lawsuit against Eni and Shell brought by the Nigerian government alleging that the oil and gas supermajors knew about US$1.1 billion in bribes Continue Reading
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The Continue Reading
China and the United Nations backed calls for Ethiopia to resume talks over its plan to begin filling a giant hydropower dam that is opposed by Egypt. Ethiopia wants to Continue Reading
The African continent witnessed different reactions to the ongoing period of depressed demand – mature producers like Nigeria and Angola are facing liquidity issues and struggle to keep their 2020 Continue Reading
South Africa could see up to 50,000 coronavirus deaths and as many as 3 million infections by the end of the year as the southern hemisphere winter leads to a Continue Reading
Nigeria’s economy could contract 8.9% this year without stimulus, Lagos-based ThisDay newspaper reported, citing Finance Minister Zainab Ahmed. Measures being put in place could slow the contraction to 4.4% and if Continue Reading
Nigeria imported a total of 20.89 billion litres of petrol in 2019, the National Bureau of Statistics (NBS) stated wednesday. Of this figure, the South-west took delivery of the highest Continue Reading
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa’s second-largest Continue Reading
For many years it seemed that Liberia has missed out on the West African oil bonanza – whilst Nigeria has already established itself as the leading oil producer in the Continue Reading
Nigeria’s oil revenue is likely to decline by between 70 per cent and 80 per cent this year, representing between $15 billion and $17 billion, the Chief Executive Officer of Continue Reading
Shelling killed two people on Saturday, the emergency services said, at a displaced people’s shelter in a part of the Libyan capital Tripoli that has been under bombardment by eastern Continue Reading
An outbreak in Nigeria is just one of Africa’s alarming hot spots. The coronavirus has been relatively slow to take hold in Africa, but blazing hot spots are beginning to Continue Reading
Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4. The closing date is March 12, 2021, Somali Minister Continue Reading
A withering bombardment shook Tripoli on Sunday as the eastern-based forces of Khalifa Haftar fought overnight for new territory in the southern suburbs after losing ground recently around the city. Continue Reading
Coronavirus coverage might overshadow the recent developments in Libya, yet rarely has the situation on ground been more complex and difficult to predict. Field Marshal Khalifa Haftar first announced that Continue Reading
Nigeria’s economy is bracing for a dramatic slump as the fallout from the oil price crash and the coronavirus pandemic will be devastating on its oil and natural gas industry. Continue Reading
For more than two decades, Zimbabwe has been trying to break ground on a giant coal-power complex by the world’s biggest man-made reservoir. China just agreed to get the $4.2 billion Continue Reading
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria – Continue Reading
Nigerian President Muhammadu Buhari urged international financial institutions to cancel the debt obligations of member states to help them withstand the fallout of the coronavirus pandemic. In a meeting with other Continue Reading
The Chief Executive Officer of the New Horizon Systems Solution, Mr. Tim Akano, has advised the federal government to prioritise funding of the Dangote Refinery, as part of its strategy Continue Reading
Libyan militia commander Khalifa Haftar ordered his forces to freeze operations during the Muslim holy month of Ramadan, as criticism mounts over his bid to consolidate power in the oil-rich east. The Continue Reading
First came the floods. The waters swamped bean and corn fields and created a breeding ground for a swarm of desert locusts the size of Manhattan that fanned out and Continue Reading
Gone are the days when Somalia’s Gulf of Aden was considered the most dangerous piracy zone for oil companies and other seafarers. But now, with offshore oil storage bursting at Continue Reading
The oil price crash isn’t getting any easier for Nigeria. Late on Monday, the nation released the prices for most of its crude oil grades for sale in May. The figures Continue Reading
