Tag: Oil & Gas

Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

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Morocco freezes $1 billion LNG project after King Mohammed VI meeting

Morocco pauses $1 billion Mediterranean LNG terminal after King Mohammed VI meeting, refocusing energy transition and gas infrastructure plans.

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Kenya turns to Nigeria for LPG in bid to lower cooking gas costs

Kenya imports 11,474 tonnes of LPG from Nigeria, easing cooking gas prices and boosting energy trade through the new Vipingo terminal.

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Sijuwade royal family of Ife, one of Africa’s wealthiest, eyes first oil from one of its oil blocks

Today, the Sijuwade Group holds a 10 percent stake in OPL 276, an asset that is poised to begin production within the next 12 to 18 months.

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