Senegal’s Sangomar offshore oil and gas field has produced 16.9 million barrels in 2024, surpassing its 11.7 million target, according to official figures. Sangomar field, about 100km south of Dakar, achieved its first oil production in June 2024 and is expected to pump at least 100,000 barrels daily. The project is a joint venture between […]
With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]
Owing to its security troubles and fight against terrorism, Iraqsigned an arms deal with Iran in spite of U.N sanctions;a report from Reuters has revealed. The deal was reached at the end of November when the US fell short in its supposed arms deliveries despite Prime Minister Nuri al-Maliki’s visit to Washington lobbying for extra […]
