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If properly implemented, the state-owned Nigerian National Petroleum Corporation will be purely commercial with the intention of maximising its return on investment.
Angola’s National Oil Company Sonangol has announced it is going public, restructuring as a comprehensive National Energy Company rather than strictly oil focused.
The latest Nigeria development update report, Resilience through Reforms says that Nigeria has exited from its deepest recession in four decades as COVID-19 restrictions were eased. With poverty increasing in 2020 due to the combined effects of COVID-19 and rising prices, the report recommends policy options that can help reduce inflation and protect poor households from its impacts.
XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos, Nigeria.
The East African Crude Oil Pipeline (EACOP) is expected to reach a Final Investment Decision (FID) as soon as the end of March 2021.This will pave way for the commencement of the construction phase of the pipeline.
Apex International Energy has announced a new oil discovery in the Southeast Meleiha Concession in the Western Desert of Egypt.
Energy commodity prices are not expected to return to pre-COVID-19 levels any time soon, says the World Bank.
The IEA has launched a new online tool that tracks oil and gas-related sources of methane, a major and often overlooked greenhouse gas.
The agreement is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country’s oil industry as production resumes at existing oilfields and new exploration begins.