oil

The CEO of Madagascar Oil, Russell Kelly, heard this weekend by the criminal brigade, explained himself during a press conference. The man indicates that the majority owner of Madagascar Oil, the Benchmark group, would have been contacted via email by Paul Rafanoharana -Franco-Malgache arrested on Tuesday, July 20, to jeopardize state security.…

It took almost fifteen years for the Nigerian parliament to adopt a new oil law, which should better protect the country's and local community interests. The two chambers of parliament adopted the text on Thursday, "an important victory" stressed the Speaker of the Nigerian Assembly. However, Nigeria's largest oil producer,…

It is an important production sharing agreement that Nigeria has just signed with the multinational oil companies operating in the country. An agreement that paves the way for investments that can reach 10 billion dollars. It is the culmination of two years of arm wrestling between NNPC - the Nigerian company that manages…

Somalia rejects experiences of settlement to share maritime oil in Indian Ocean with Kenya MOGADISHU, Somalia - Somalia has no plans to share oil revenues with Kenya, Deputy Prime Minister Mahdi Gulaid stated after experiences of an alleged settlement between Nairobi and Mogadishu on a controversial maritime border battle within the Indian Ocean on native media in Kenya. The 2 international…

Senegal launched an oil cadastre on Tuesday, a digital platform that tracks knowledge on the nation's oil and gasoline actions. The creation of this instrument was a advice from the Extractive Industries Transparency Initiative. as reported from Dakar, Charlotte idracMap of blocks, record of permits - 9 property to this point -…

On Monday, the French group Whole confirmed the closure of its large gasoline venture in northeastern Mozambique. This outbreak comes after a jihadist assault in early April. The hydrocarbon large stated in an announcement that they declared a "power majeure" scenario. It is a technique to defend your self from potential authorized motion. Whole subsequently makes use of the authorized time period "power majeure" as a consequence of the distinctive circumstances created by newest jihadist assault, at the tip of March 2020…

Gas stations have finally resumed little by little in Dakar after a severe fuel shortage at the beginning of the weekend. A strike by the oil carriers was the origin. The strike was eventually called off, while negotiations between union members and employers were resumed under the leadership of the ministries concerned. At the beginning of this strike: employers' refusal to sign new agreements with…

The French oil group has suspended certain contracts with companies linked to its mega project for gas in Mozambique. This project has stood still since the attack launched in late March by jihadist groups against the city of Palma in the province of Cabo Delgado, about ten kilometers from the Total Group's facilities. The Frenchman has since evacuated his staff.…

In Libya, the National Petroleum Company declared a state of force majeure following an interruption in production and exports at one of the most important oil terminals in the eastern country. This time it is not the consequence of furious battles or strikes, but the lack of budget that upsets the insurgents of the oil sites.…

Financially, Idriss Déby will not go into the history of his country as a great builder, nor a development architect. His country is at the bottom of the world rankings for development. The oil rent that started in 2003 has hardly helped the population. 187 out of 189 countries, this is Chad's position in the UN ranking for…