OPEC

By IndepthAfrica
In Article
Oct 20th, 2012
0 Comments
41 Views
By Kabir Mato, Daily Trust opinion Last week, President Goodluck Jonathan presented the 2013 budget estimates before a joint session of the National Assembly even in the hill of protests by the parliamentarians that less than 30% of the 2012 estimates have so far been implemented. The lesson is that ...
By IndepthAfrica
In Analysis
Oct 17th, 2012
0 Comments
164 Views
By: EIA Nigeria is the largest oil producer in Africa and has been a member of the Organization of Petroleum Exporting Countries (OPEC) since 1971. In 2011, Nigeria produced about 2.53 million barrels per day (bbl/d) of total liquids, well below its oil production capacity of over 3 million bbl/d, du...
By IndepthAfrica
In Hottest News
Jun 4th, 2012
0 Comments
31 Views
Nigerian emergency services pulled more bodies out of the still-smouldering, ash-covered wreckage of a plane on Monday that crashed in the commercial hub Lagos, killing all 153 people on board. President Goodluck Jonathan has declared three days of national mourning and ordered an investigation into ...
By IndepthAfrica
In Libya
Apr 30th, 2012
0 Comments
40 Views
Shokri Ghanem, Libya’s former prime minister and oil chief, saw it as his mission to change his country from the inside, only to realise too late that Muammar Gaddafi would never accept any meaningful reform. Ghanem died in Vienna, at the age of 69, a spokesman for the Austrian foreign ministry...
By IndepthAfrica
In News
Apr 15th, 2012
0 Comments
56 Views
Lagos – French oil firm Total SA said on Saturday that a natural gas leak at one of its plants in Nigeria’s crude-rich southern delta may have been going on for weeks. The leak at its Obite natural gas site has forced the company to evacuate those nearby and led to daily monitoring of air...
By IndepthAfrica
In News
Feb 14th, 2012
0 Comments
26 Views
ABUJA, Nigeria — Nigeria’s president has asked lawmakers to approve a plan to borrow $7.9 billion for a pipeline project in the oil-rich nation. In a letter received Tuesday at the National Assembly, President Goodluck Jonathan asks the Senate president to work toward approval of the plan for pipelin...
By IndepthAfrica
In Middle East
Jan 24th, 2012
0 Comments
73 Views
The European Union has agreed to an “unprecedented” set of sanctions against Iran, banning the importation of Iranian oil to its member states while also imposing currency and commodity sanctions on Iran’s central bank. But far from forcing Iran into a corner, the latest sanctions leave a backdoor op...
By benim
In Algeria
Dec 29th, 2011
0 Comments
41 Views
Algeria’s leaders are out of touch with their people who are growing increasingly angry about unemployment, red tape and poor housing, said a senior official carrying out a presidential review of the country’s economic and social woes. “Demands for radical changes are huge. People w...
By benim
In Libya
Oct 17th, 2011
0 Comments
36 Views
Tripoli – Libyan oil production has resumed more quickly than expected, but the country still has enormous political and technical obstacles to surmount before the situation returns to normal, experts said. “The market should be ready for Libyan crude,” said Abdallah El-Badri, secre...
By benim
In Libya
Sep 8th, 2011
0 Comments
32 Views
Libya’s interim government is drafting a proposal that would shrink the responsibilities of the National Oil Corp (NOC) to make it a purely commercial organisation, a member of the interim government has told Reuters. The North African country is trying to restore oil production after more than...