Tag Archives: Africa

The sanction freezes any property or interests of the designated individual within the US or in possession of US citizens.

Egypt is investing in a processing plant on the Red Sea that could produce some four million tonnes of petro-products a year.

OPEC and its allies are considering cutting oil output in 2019 as the group is increasingly concerned about the potential for oversupply.

Libya hopes to obtain an exemption from possible reductions in oil production.

BP concluded its purchase of global miner BHP Billiton for $10.5bn earlier this year.

The value of exports to African nations stood at about $752 million last year.

The field is operated by Mellitah Oil and Gas. a joint venture between the NOC and Eni.

The Egyptian intelligence service is slated to receive 80 percent of the income from East Gas.

After Gaddafi’s ouster. oil was intended to lubricate the reconciliation process.

North African country aims to reach a target of 1.6 million barrels a day from 1.25 million barrels currently.