Libya’s Oil Production Jumps To 300,000 Bpd As Exports Rise
Libya continues to ramp up crude oil production with the daily total now getting closer to 300,000 bpd and exports on the rise, too. By the end of last week, Continue Reading
Why Nigeria’s Oil Company Is Considering An IPO
Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19, activist shareholders and the so-called Greening of IOCs such as Shell, Total Continue Reading
Libya Oil Production Hits 300,000 Bpd As Another Oilfield Comes Online
Libya’s oil production has more than tripled since the port blockade has been lifted, reaching around 300,000 barrels per day (bpd) after the restart of another oilfield in the country, Continue Reading
U.A.E. Boosted Arms Transfers to Libya to Salvage Warlord’s Campaign, U.N. Panel Finds
The United Arab Emirates ramped up deliveries of military supplies to Libyan warlord Khalifa Haftar this year, according to a confidential United Nations report, flouting an arms embargo as the Continue Reading
Former Libya Oil Wealth Handler Arrested For Fraud
The former CEO of the bank responsible for handling Libya’s oil wealth has been arrested for fraud, according to Libyan security and judicial officials cited by Bloomberg —and the bank Continue Reading
Nigeria: Days of Crude Oil Are Numbered – Govt
STRONG indications emerged Monday that hardship looms in Nigeria following the nation’s over-reliance on oil as the Federal Government has raised the alarm that the days of crude oil are Continue Reading
Nigeria Considers Privatizing Its State Oil Firm
Nigeria will look to privatize its state oil firm Nigerian National Petroleum Corporation (NNPC) under a draft new petroleum law currently in Parliament for discussion, Reuters reported on Monday, quoting Continue Reading
Libya ships crude cargo out of Marsa el-Hariga as partial restart gets underway
A tanker carrying 1 million barrels of Libya’s light sweet Sarir crude has left the port of Marsa el Hariga, shipping sources and tracking data showed Sept. 25, marking the Continue Reading
The African Union Needs to Resolve Ethiopia’s Dam Dispute
Argument U.S. diplomacy has failed. African diplomacy can’t afford to. Egypt and Sudan have threatened to withdraw from negotiations over the filling and operation of the Grand Ethiopian Renaissance Dam Continue Reading
Three Libyan Oil Ports Open For Shipping Crude
Libya’s oil terminals at Hariga, Brega, and Zueitina are open for business and welcoming tankers to ship oil, although the biggest port and the terminal typically exporting the oil from Continue Reading