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This African Nation Wants Indian Firms Like Vedanta To Mine Its Oil, Gold
Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper.
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Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
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Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
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India's IOC Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp bought 4 million barrels of Murban crude and 3 million of West African Crude for May and June loading.
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South African Government Asks For 25,000 Troops To Curb Unrest
The South African government on Wednesday sought to deploy around 25,000 troops to curb unrest, now in its sixth straight day, amid fears of food and fuel shortages as disruption to farming, manufacturing and oil refining began to bite.
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Middle East Share Of India's Oil Imports Hits Two-Year High In July
Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...
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20 Indians Kidnapped From Tanker By Pirates Off West African Coast
The Ministry of External Affairs said on Monday that 20 Indian nationals had been kidnapped from an oil tanker in West African waters, where piracy has been on the rise.
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Bongo Aims To Extend 50-Year Family Rule In Gabon Election
Gabon voted on Saturday amid discontent over its failure to raise living standards despite oil wealth, in a poll posing the biggest challenge yet to President Ali Bongo, whose family has dominated the central African nation for half a century.
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African Union Soldiers From Uganda Convicted For Running Fuel Racket
Nine Ugandan soldiers have been jailed for illegally selling fuel meant for the African Union Mission in Somalia (AMISOM), an army spokesman said Wednesday.
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ISIS Attack Sets Storage Tanks Ablaze At Libyan Oil Terminal
ISIS terrorist set fire on Thursday to oil storage tanks in a fresh assault on Ras Lanuf terminal in northern Libya and the group threatened further attacks as they exploit a prolonged power vacuum in the large north African nation.
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Boko Haram Did Not Disrupt Nigeria Election: UN Envoy
Boko Haram militants were unable to disrupt Nigeria's presidential election, a United Nations envoy said on Monday, but the group's allegiance to Islamic State insurgents shows it has an agenda that goes beyond Africa's top oil producer and biggest economy.
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Libya Faces More Chaos as Top Court Rejects Elected Assembly
Libya's Supreme Court on Thursday declared the internationally recognised parliament as unconstitutional, in a ruling likely to fuel further chaos in the north African oil producing nation.
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UN Entrepreneur Taps African Oil for Child Health
Republic of Congo has become the first country to agree to divert part of its oil revenues towards childhood nutrition, a victory for "innovative financing" to help the world's poorest, the scheme's creator Philippe Douste-Blazy said in an interview.
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Troops clash in South Sudan, African states mediate
South Sudanese government troops battled to regain control of a flashpoint town and sent forces to quell fighting in a vital oil producing area on Thursday.
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Oil rises to $110 on Libyan PM's kidnapping
Crude oil rose to $110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation.
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This African Nation Wants Indian Firms Like Vedanta To Mine Its Oil, Gold
Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper.
-
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.
-
India's IOC Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp bought 4 million barrels of Murban crude and 3 million of West African Crude for May and June loading.
-
South African Government Asks For 25,000 Troops To Curb Unrest
The South African government on Wednesday sought to deploy around 25,000 troops to curb unrest, now in its sixth straight day, amid fears of food and fuel shortages as disruption to farming, manufacturing and oil refining began to bite.
-
Middle East Share Of India's Oil Imports Hits Two-Year High In July
Middle Eastern oil accounted for 71.5% of India's oil imports in July, its highest share in 26 months, while imports from Africa fell to 5%, the lowest in at least 14 years, data from trade sources showed on Friday. Analysts said lower fuel demand and paltry refining margins had driven a preference for Middle Eastern sour grades over sweet African ...
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20 Indians Kidnapped From Tanker By Pirates Off West African Coast
The Ministry of External Affairs said on Monday that 20 Indian nationals had been kidnapped from an oil tanker in West African waters, where piracy has been on the rise.
-
Bongo Aims To Extend 50-Year Family Rule In Gabon Election
Gabon voted on Saturday amid discontent over its failure to raise living standards despite oil wealth, in a poll posing the biggest challenge yet to President Ali Bongo, whose family has dominated the central African nation for half a century.
-
African Union Soldiers From Uganda Convicted For Running Fuel Racket
Nine Ugandan soldiers have been jailed for illegally selling fuel meant for the African Union Mission in Somalia (AMISOM), an army spokesman said Wednesday.
-
ISIS Attack Sets Storage Tanks Ablaze At Libyan Oil Terminal
ISIS terrorist set fire on Thursday to oil storage tanks in a fresh assault on Ras Lanuf terminal in northern Libya and the group threatened further attacks as they exploit a prolonged power vacuum in the large north African nation.
-
Boko Haram Did Not Disrupt Nigeria Election: UN Envoy
Boko Haram militants were unable to disrupt Nigeria's presidential election, a United Nations envoy said on Monday, but the group's allegiance to Islamic State insurgents shows it has an agenda that goes beyond Africa's top oil producer and biggest economy.
-
Libya Faces More Chaos as Top Court Rejects Elected Assembly
Libya's Supreme Court on Thursday declared the internationally recognised parliament as unconstitutional, in a ruling likely to fuel further chaos in the north African oil producing nation.
-
UN Entrepreneur Taps African Oil for Child Health
Republic of Congo has become the first country to agree to divert part of its oil revenues towards childhood nutrition, a victory for "innovative financing" to help the world's poorest, the scheme's creator Philippe Douste-Blazy said in an interview.
-
Troops clash in South Sudan, African states mediate
South Sudanese government troops battled to regain control of a flashpoint town and sent forces to quell fighting in a vital oil producing area on Thursday.
-
Oil rises to $110 on Libyan PM's kidnapping
Crude oil rose to $110 per barrel on Thursday as the kidnapping of Libya's prime minister delayed the prospect of a further recovery in production from the North African nation.
