Tag Archives: Africa

Barkindo took over as Secretary General of OPEC in August 2016.

Algeria spent $2 billion on imports of refined products 2017.

Egypt is moving towards self-sufficiency in gas and becoming the Middle East’s energy hub.

Libya’s national production rose to above 1 million bpd last year after long-term blockades of ports and pipelines ended.

While plunging output in Venezuela captures the oil world’s attention. problems are quietly festering in another OPEC nation.

BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns.

Algeria relies heavily on energy earnings.

The OPEC country'.s output has recovered in the last year to nearly 1 million b d.

Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.

Between 30 and 40 percent of fuel refined in Libya or imported into the country is stolen or smuggled.