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Australian firm confirms gas, oil and helium discovery In Zimbabwe

Australia-listed oil and gas firm Invictus Energy on Monday (8 May) confirmed its discovery of light oil, gas condensate and helium in a remote northeastern region of Zimbabwe, which is hailed as a culmination of months of exploration. Analysis of samples from its remote sites near the border with Mozambique definitively proves the presence of […]

Libya: National Oil Corporation transferred over $14 billion to Central Bank since January

Libya’s National Oil Corporation (NOC) announced this December that it has transferred over $14.8 billion in oil revenues to the Central Bank of Libya since the beginning of 2024. This substantial amount was sent through 23 separate transactions, highlighting the vital role of oil in sustaining Libya’s economy. According to the NOC’s statement, the precise […]

Israel Opposes French Initiative, Calls for Direct Talks with Palestine

More than 25 foreign ministers mostly from Western and Arab countries are meeting in Paris to revive talks to end the Israeli-Palestinian conflict in the absence of the two conflicting parties. Netanyahu has been against the French approach and he stated ahead of the Paris conference that “the path to peace does not pass though […]