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Tag: OPEC
Nigeria regains Africa’s top crude oil producer spot in May 2023 — OPEC report
Nigeria has regained its position as Africa's top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum ... Read More
Nigeria should stop depending on oil, gas revenues — WTO chief
The World Trade Organization chief has urged Nigeria to see alternative revenue sources as the oil and gas industry becomes less lucrative. Speaking during a ... Read More
Namibia to pocket oil billions only after 2031 despite its new light oil discovery
Namibia has made its third light oil discovery 270 km off its coast in the Orange Basin, though experts say the southern African country will ... Read More
Mixed reaction in Africa to OPEC oil production cuts amid concern about rising prices
Delegates at the biggest oil conference in Africa have expressed concern about rising prices after the Organization of Petroleum Exporting Countries (OPEC), plus non-members who ... Read More
Nigeria’s NNPC adopts Saudi Aramco’s security model to curb oil theft
Nigeria has decided to adopt the security infrastructure similar to that of Saudi Arabia’s oil giant Aramco to protect its oil pipelines and curb theft. ... Read More
Vladimir Putin phones Saudi Crown Prince after Joe Biden’s visit
Saudi Arabia’s crown prince Mohammed Bin Salman, received a phone call from the president of Russia, Vladimir Putin, on Thursday to discuss a host of ... Read More
Nigeria-Morocco gas pipeline attracts growing international interest – Nigerian official
There is a growing international interest and investors’ interest in the Nigeria-Morocco gas pipeline project that will be the world's longest offshore pipeline to transport ... Read More
Algeria to conclude oil deal with Exxon Mobile
The government Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first ... Read More
Algeria: Scare Tactics Will Not Work & Implosion Inevitable!
Sensing the social implosion is imminent after simmering for a while, the Algerian authorities resorted to scare tactics in a bid to continue clinging to ... Read More
Venezuela’s President Visits Algeria to Discuss Means to Curb Oil Glut
On his way back from Astana where he attended a summit of the Organisation of Islamic Cooperation (OIC) in his capacity as president of the ... Read More