Browsing Tag

oil

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#oil

153 Articles

resumption of labor on the French gasoline web site

Uncertainty remains in northeastern Mozambique, where the French hydrocarbon group Total announced on Wednesday the resumption of construction work on the gas site, which would be operational in 2024. On the same day, suspected jihadists attacked the city of Palma. After withdrawing its staff from the Afungi plant in early…

Gabon desires to enhance the governance of its extractive industries

In Gabon, following the overview and compensation of the home debt, the nation now desires to enhance governance within the mining and oil sector. Libreville has determined to rejoin the Extractive Industries Transparency Initiative (EITI), a world benchmark for selling good governance of oil, fuel and mining assets. Downside, Gabon was suspended from the EITI seven years in the past. To reintroduce…

Congo-Brazzaville: soon a second Pointe Noire refinery

Congo-Brazzaville will have a second refinery in the city of Pointe Noire, thanks to a financing agreement signed with the Chinese company Beijing Fortune Dingheng. With a capacity of 2.5 million tonnes per year, the project aims to cover national needs and make Congo an exporter of refined products. But the experts call for good governance and especially respect for the environment.…

confusion over the oil price at the pump

Since the abolition of government subsidies (in September) on imports, the price of petrol is partly indexed to the market price. A small revolution in Nigeria, the largest raw material producer on the African continent with very little refining capacity. Even if legislative measures remain and petrol remains cheap in the country, adaptation is still difficult for consumers and players in the sector.…

Nigeria: the character of Ken Saro-Wiwa, his battle, his “heirs”, 25 years later (1/3)

On November 10, 1995, Nigerian author and environmental activist Ken Saro-Wiwa and eight comrades had been by chance executed by President Normal Sani Abacha's regime after a controversial trial. A member of the Ogoni minority, he warned the worldview concerning the ecological disasters linked to the exploitation of oil within the Niger Delta. Twenty-five years later, Ken Saro-Wiwa has left heirs. .

Gabon’s oil – dependent economy rolls from Covid-19

Since April, Gabon has been in a state of health. The Central African country is facing a major economic hit as a result of Covid-19 lockdown measures and falling oil prices. The arenas of this unprecedented crisis could remain at Port-Gentil, its oil capital, for a while. Businesses, shops, transportation, tourism and other sectors in the country's economic center are all struggling. Port Gentil has…