Oil

Chinese employer to begin oil drilling in Uganda after Museveni's approval KAMPALA…

ADDIS ABABA - Ethiopia has discovered new oil deposits which, if explored, would dramatically change the economy of the Horn of Africa nation which has recently been embroiled in internal strife and civil war in the northern state of…

MOGADISHU, Somalia - Genel Vitality LLC, an oil exploration firm, doesn't have a authorized allow to mine petroleum and different associated merchandise within the nation, Somalia has famous, in response to alleged actions within the…

Latest discussions in Europe a few fuel value cap are stated to have been harsh, heated and even ugly. The European Fee has put a proposal on the desk, however the EU's member states are discovering it tough to achieve a compromise amongst…

Ukraine on Saturday welcomed a G7-led settlement on a $60-a-barrel worth cap on Russian seaborne crude, with a senior presidential aide saying it will "destroy" Russia's economic system. On the identical time, Russia might be planning to…

Poland has agreed to the EU's settlement on a $60-a-barrel worth cap on Russian seaborne oil, permitting the EU to maneuver forward with formally approving the deal over the weekend, Poland's ambassador to the EU, Andrzej Sados, mentioned…

British oil explorer - Tullow's lack of strategic partner could jeopardize Kenya's oil dream NAIROBI, Kenya - The lack of a strategic partner from British explorer Tullow Oil will end the dream of Kenya joining other oil-producing…