Browsing Tag

oil

Oil Ministry orders squatters out of presidency workplaces

Mogadishu - Somalia's Ministry of Petroleum and Mineral Resources has ordered the quick evacuation of the residents of the ministry's headquarters within the Saibiano neighborhood of Mogadishu's Hodan district. The ministry mentioned in an announcement on Sunday that the constructing will likely be used for the general public objective for which it was meant. Residents have lived contained in the ministerial constructing since Somalia's central authorities collapsed in 1991. Since then, former authorities services have…

OP-ED: Future Oil Development in Somalia

OP-ED: Future Oil Development in Somalia Amid the continuing financial chaos world wide, the individuals of Somalia elected their president, Hassan Sheikh Mohamud, after a drawn-out election course of that was delayed for greater than a 12 months. Power was instantly transferred in early June 2022. Therefore, because the Petroleum Act was authorised by parliament, there was little progress…

DRC launches tender and defends against

The Democratic Republic of Congo (DRC) has auctioned 27 oil blocks and three gas blocks. The international tenders were officially launched on Thursday 21 July in Kinshasa, despite opposition from some international NGOs such as Greenpeace, who fear an…

new discovery of oil and natural gas in

In Côte d'Ivoire, the Italian oil company ENI has just made another discovery of crude oil and natural gas, off Assinie, in the south-eastern part of the country. The deposit is right next to the first one, discovered last year. It increases Côte d'Ivoire's…

dismissed from office, head of the national company

Mustafa Sanallah, chairman of the Libyan National Oil Company (NOC), refused to resign following Prime Minister Abdelhamid Dbeibah's decision to fire him on Wednesday (July 13). Dbeibah appointed a new chief, Farhat Bengdara, a financier near the United Arab Emirates who had worked with Gaddafi. The head of government also appointed a new board. In a recorded video, Mustafa Sanallah, the defected head of the oil company, speaks directly to the head of government: "This institution belongs to all Libyans and not to the…

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