oil

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…

In Gabon, the government no longer wants the gas discovered in the oil fields to be burned. Libreville, which is facing a continuous decline in its oil production, also wants to increase the gas sector to make it a useful resource for the country's development and not a source of pollution as is the case today. From our…

On Sunday, Uganda, Tanzania and the French oil companies Total and Chinese CNOOC signed several agreements that pave the way for the construction of the pipeline that will transport Ugandan crude oil to a Tanzanian port. A controversial mega-project. With a length of 1443 km, it will be the longest heated crude oil pipeline in the world. He will travel black gold mined from Lake Albert in Uganda at the Tanzanian port of Tanga before being exported, in particular to total group places or to China. The construction of…

The campaign for the presidential election ends on Friday with a final meeting between the head of state in the capital. Several opposition candidates have left the campaign outside Ndjamena, especially in the south of the country. In central Ndjamena, there are posters of the head of state everywhere, states our special…

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…

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…

It is a very rare phenomenon in Gabon. A minister accused of mismanagement has resigned. This is Minister of Economic Affairs and Finance Jean Marie Ogandaga. He was swept away by a scandal called tax breaks for oil companies. as reported from Libreville, Yves-Laurent GomaThe scandal that plagued the minister was revealed on…

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. The project aims to cover national needs and to make Congo an exporter of refined products. Experts are already demanding good governance and, in particular, respect for the environment.…