Tag Archives: Africa

Libya boasts oil reserves of 41 billion barrels. perhaps the largest in Africa.

Libya. along with Nigeria. is formally excluded from an effort by the OPEC to balance an oversupplied market with coordinated production cuts.

The Egyptian government had agreed to buy 12 million barrels of oil per year from Iraq.

Libya is politically divided between eastern and western authorities. including two oil corporations.

Algeria ranks third globally after China and Argentina in technically recoverable shale gas reserves.

The 650.000-barrels-per-day refinery will come on stream by September 2019.

Angola showed the biggest year-on-year increase in OPEC deliveries to China in 2017.

The damaged parts had been replaced and flows would start returning to previous levels.

It is estimated that the repair will take about one week from today.

Zohr was first auctioned back in 2012. but the discovery of the huge deposit of gas was only made in 2015.