Tag Archives: oil

Riyadh, Saudi Arabia | AFP | Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday. “We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborations,” Nasser said in a statement …

  Caxito, Angola | AFP |  Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container. Stamped “From Angola, with love”, the fruit is shipped to consumers 6,000 kilometres (3,700 miles) away and are part of Luanda’s drive to diversify its economy …

Artificial Intelligence, Oil, tourism and agriculture discussed at Uganda’s ACCA 2018 convention Kampala, Uganda | JULIUS BUSINGE | Uganda’s Association of Chartered Certified Accountants (ACCA) will aim to raise members professionalism as they focus on providing guidance in the the oil sector. Andrew Ssekamwa, the vice chairperson – ACCA Members …

Juba, South Sudan | AFP |  South Africa and South Sudan signed an outline agreement on Friday that could see Pretoria invest around $1 billion (880 million euros) in South Sudan’s struggling oil industry. The agreement, which will be subject to detailed negotiations between the countries, was made between two …

Washington, United States | AFP | US President Donald Trump on Wednesday ignored criticism that he gave Saudi Arabia a free pass on the murder of a dissident journalist, instead praising the Islamic kingdom for keeping oil prices low. Trump, on holiday at his Florida Mar-a-Lago Club, doubled down on …

Washington, United States | AFP | US President Donald Trump thanked Saudi Arabia Wednesday for lower oil prices — a day after pledging the US would remain a “steadfast partner” of the kingdom despite the murder of a dissident journalist. “Oil prices getting lower. Great! Like a big Tax Cut …

Juba, South Sudan | AFP | South Sudan said Wednesday that the country’s latest peace deal had helped revive its war-battered oil sector, with an increase of 20,000 barrels per day in the past two months. The country’s warring parties in September signed a new peace deal to end five …

Kampala, Uganda | THE INDEPENDENT | A storm is brewing in over a name adopted for the Total’s oil northern Albertine Graben project located in Buliisa and Nwoya district. Total Exploration Uganda faces off with local opponents angered over the project name Tilenga. The name Tilenga is derived from two local …

Kampala, Uganda | THE INDEPENDENT | The delay by international Oil Companies to make a final Investment Decision (FID) has thwarted government’s ambitions for first oil by 2020. Energy and Mineral Development Minister, Irene Muloni admits it may not be possible for to have oil out of the ground by end …

Dubai, United Arab Emirates | AFP | Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of a 2014-style crash. Oil prices shed a fifth of their value in just one month after surging to …