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ROC Sees Backing for Strategic Plan for Oil Fields

The African Export Import Bank, or Afreximbank, will be aiding the Republic of Congo (ROC) with its strategic plan for its oil fields. The deal was signed between the bank and ROC government officials in Cairo on January 11. The bank’s assistance will come in the form of $250 million in future flow pre-financing to […]

January 24, 2017 Read More

Shell Gabon Sees Strike End

The Gabonese workers who have been striking at Shell’s operations in the West African country since January 12, have called an end to the strike. The end of the strike action was brought about when an agreement was struck between the labor union and the government. Shell, who is selling off its assets in Gabon, […]

January 24, 2017 Read More

OPEC/Non-OPEC Committee to Meet in March

A committee put together by OPEC and non-OPEC crude producers will meet in March. The committee was established to monitor the production cuts agreed to by producers in late-2016 to steady the price of crude on the global market. The news of the March 17 meeting was revealed by Kuwaiti Oil Minister Essam Al-Marzouq following […]

January 24, 2017 Read More