Tag: petroleum
Niger suspends transit of oil products to Mali amid deteriorating ties
Nigeriens authorities have suspended transit of oil products to neighboring Mali as diplomatic relations between two countries further go downward. “I have the honor to ... Read More
Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. ... Read More
South Sudan to produce 350,000 bpd by 2020
South Sudan is planning to increase oil production to 270,000 bpd by the end of 2019, the country’s Minister of Petroleum and Mining, Ezekiel Lol ... Read More
Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery
Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move ... Read More
Libya: ISIS attacks Ras Lanuf, warns of more assaults
Libya’s oil sector suffered a major attack on Thursday as the Islamic State group destroyed oil storage tanks at Ras Lanuf port after its successive ... Read More
Libya : Rebels to handover ports after Ramadan
The Barqa rebels, found in eastern Libya, that are in charge of Libya’s largest oil-export terminal are willing to hand it over to the government ... Read More
Libya: Zeidan addresses eastern independent oil sales intention
The Libyan government is running out of patience with protesters who have laid siege on main ports and are now threatening to sell oil independently. ... Read More
Mauritania: Nouadhibou gets record energy supply
The Prime Minister, Dr Mohamed Ould Moulaye Lagdaf attended the inauguration of the distribution of electricity in the city of Nouadhibou aimed at easing at ... Read More
Chariot Oil Company Enhances its Offshore Exploration in Morocco
Chariot Oil & Gas Limited, an independent Africa focused oil and gas exploration company, has reinforced its petroleum partnership with Morocco through its recent acquisition ... Read More
UK Businessmen to Visit Algeria to Boost Trade Exchange
British businessmen representing several industrial, commercial and economic sectors will visit Algeria from 10th to 14th November to discuss with their Algerian peers & officials ... Read More