oil

World News

Oil prices fell by more than 51 TP3T as hopes grew for the reopening of the Strait of Hormuz.

Written by: Ayman Ragab. Brent crude prices fell by more than 51 TP3T during Wednesday's trading, after Iranian reports indicated the possibility of reaching an agreement…

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Analysis and Reports

From wealth to mortgaging: How did South Sudan's oil become a hostage of international courts?

Written by: Mohammed Omran. In an unprecedented move, the London High Court issued a court order preventing the South Sudanese government from entering into any contracts…

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Africa News

South Africa defends BRICS: The bloc remains united

Written by Ayman Ragab: Sharp divisions over the Iranian war pose a challenge to the unity of the BRICS group, yet Minister Ronald Lamola insists that…

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World News

For the second time in a week, India raises fuel prices due to the Iran war.

Written by: Badr Ahmed. Indian state-owned fuel companies have raised gasoline and diesel prices again, marking the second increase in a single week…

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Business Africa

Strategic oil agreements between Niger and China

Written by: Badr Ahmed. Niger and China have taken a further step towards strengthening their energy cooperation by signing a number of strategic memoranda of understanding…

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Africa News

Africa's richest man is choosing between Tanzania and Kenya to launch an oil refinery.

Written by Ziad Abdel Fattah: Nigerian billionaire Aliko Dangote, Africa's richest man, is eyeing Kenya as a potential location for a 650-tonne oil refinery…

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World News

Officially, OPEC+ countries decide to increase oil production in June by 188,000 barrels per day. 

Written by Mohamed Salem: Seven countries in the OPEC+ alliance, which had previously agreed to voluntary production cuts, namely Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Algeria, and Oman…

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Business Africa

Nigeria reaffirms its commitment to the principles and objectives of OPEC and the OPEC+ alliance.

Nigeria reaffirmed its commitment to the principles and objectives of the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance in order to maintain the stability of the global oil market.

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Investment opportunities in Africa

Billionaire Aliko Dangote announces ambitious plan to build a giant oil refinery in Tanzania

During an African summit in Nairobi, Kenya, titled “The Africa We Are Building,” Nigerian billionaire Aliko Dangote unveiled a plan to construct a giant oil refinery…

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Business Africa

After a 16-year hiatus, Libya restarts a strategic gas pipeline.

Libya's National Oil Corporation announced on Tuesday the inauguration of a 42-inch pipeline project to transport gas between the Al-Intisar field and the distribution system…

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