Africa

Africa: Opec+ Starts Second Phase of Oil Output Cut

Africa: Opec+ Starts Second Phase of Oil Output Cut

The 23 countries signatory to the Declaration of Cooperation have started in the beginning of July the second phase of production reduction to support oil prices, in accordance with the agreement of OPEC+ of last April.   Source: Algerie Presse Service

Nigeria: NLC, PDP Reject Petrol Price Hike, Demand Reversal

Nigeria: NLC, PDP Reject Petrol Price Hike, Demand Reversal

The Nigeria Labour Congress (NLC) and the Peoples Democratic Party (PDP) yesterday kicked against the new fuel price of N143.80k announced by the Petroleum Products Pricing Regulatory Agency (PPPRA). They described the fuel price hike, which PPPRA announced on...

Gambia: World Bank to Strengthen Access to Energy and Water

Gambia: World Bank to Strengthen Access to Energy and Water

The World Bank Board of Executive Directors approved today a $43 million grant from the International Development Association (IDA) for The Gambia's Electricity Restoration and Modernisation Project (GERMP). The additional financing was made available through...

Nigeria: Buhari to Inaugurate U.S.$2.8 Billion AKK Gas Project

Nigeria: Buhari to Inaugurate U.S.$2.8 Billion AKK Gas Project

President Muhammadu Buhari will tomorrow (Tuesday) officially inaugurate the construction of the first phase of the Ajaokuta-Kaduna-Kano (AKK) project, a 614kilometre-long natural gas pipeline, being developed by the Nigerian National Petroleum Corporation (NNPC). The...

Cameroon: Subcontracting – SMEs Drilled On Petroleum Norms

Cameroon: Subcontracting – SMEs Drilled On Petroleum Norms

The subcontracting and Partnership Exchange of Cameroon, BSTP in collaboration with the Standards and quality Agency, ANOR, on Wednesday June 24, at the Hotel Vallée des Princes in Douala, organised a seminar on the norms immediately application in the oil and gas...

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