First Independent Mena Newspaper
Two former executives at a Swedish oil company Lundin Oil are going on trial on Tuesday (5 September), with both defendants accused of complicity in war crimes in present-day South Sudan, with prosecutors saying both were complicit in atrocities by Sudanese army and militias between 1999 and 2003, which both flatly deny. Swiss national Alex […]
Indian state-run oil company, Oil India, will soon conduct exploration tests at Lassa oil field, in Gabon’s central region of Lambaréné, Gabon Actu reports. Manas Kumar Sharma, CEO of the company made the announcement as he met with Vincent De Paul Massassa, the Oil and Gas minister of the central African country. “We came to […]
Malaysian oil company Petronas has started pulling back and is about to end its operation in Mauritania due to sharp fall in revenues caused by the acute collapse of oil price. The company had notified Mauritanian authorities in February that it would stop its oil exploitation. The company has started disassembling its offshore oil platform […]
Abdul Magid Breish, once the undisputed leader of the Libyan Investment Authority (LIA), has warned that the country’s $67 billion sovereign wealth fund should continue to be frozen “until we have total stability.” Four chairmen are claiming to be representing LIA for the past two years but Breish stressed that the two rival governments and armed […]