Posts Tagged ‘oil’
Much of Africa’s recent economic growth has been a direct result of the positive momentum achieved in oil and gas production.
Sudan’s boom years ended when South Sudan seceded in 2011.
An interview with Carlos Lopes, the executive secretary of the Economic Commission for Africa.
While oil and gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers.
When Nigeria announced recently that it had become Africa’s biggest economy, you could be forgiven for thinking that oil was the only reason.
Oil, gas and mining developments could have positive spill-over effects for the rest of the economy.
Soma Oil & Gas is the first company to sign an oil deal with the new Somali government.
Despite some political and economic instability, Nigeria offers a range of investment and growth opportunities.
Rising oil prices will affect African economies differently, depending on whether they are net exporters or net importers of the commodity.
Kenya hopes a commercial discovery will be made in the near future as the country has geological features similar to those of areas where crude oil was found in Uganda and natural gas is being exploited in Tanzania.
More than a year after Ghana pumped its first commercial crude oil, production is yet to reach its capacity of 120,000 barrels per day (bpd).
African governments are increasingly seeking a bigger chunk of their mineral resources wealth.
This Day newspaper reports that none of the international oil companies operating in Nigeria have shown an interest to build a refinery in the country.
UK-based Tullow Oil has announced that it will develop more oil fields off the Ghanaian coast.
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said on Tuesday.