The continent’s oil sector has experienced deep-reaching changes. There was not only a drop in exploration budgets, but also a disappearance or sale of weakened
Tag: Nigeria
Nigeria Supports Oil Production Cut Extension Under “Right Terms”
Nigeria supports an extension of the output freeze deal between the Organization of the Petroleum Exporting Countries (OPEC), Russia, and other non-member countries to cut
Nigeria Rolls Out a Countrywide Program for Affordable Fertilizer
Nigeria’s Presidential Fertilizer Initiative, PFI, will deliver 4 million bags of 50kg Nitrogen, Phosphorous and Potassium (NPK) crop nutrients to farmers across the country at
Boosting African Agriculture: Nigeria Revitalizes a 60,000-Ton Fertilizer Plant
Nigerian Vice President, Prof Yemi Osinbajo, has opened the Edo Fertilizer Plant and Chemical Company Limited, a public/private venture, which can produce approximately 60,000 metric
Market Update: Libya Adds More Oil Challenging OPEC’s Output Freeze
OPEC oil production went up in July by 90,000 barrels per day (bpd) to a 2017 high, driven by a recovery in supply from Libya.
Between a Rock and a Hard Place: For OPEC, the Struggle is Real
Eckart Woertz (Barcelona Center for International Affairs – CIDOB) In December last year, OPEC’s three largest oil producers managed to find common ground on the
Fertilizers Update: Morocco’s OCP Profit Down in 2016, But Prospects Bright
Morocco’s state-run phosphates company Office Chérifien de Phosphate (OCP), the world’s leading phosphate exporter, recorded a 52.8 percent fall in full-year net profit in 2016,
Africa Market Update: Nigeria and Morocco Strike a Fertilizer Deal
Nigerian Fertilizer Producers and Suppliers of Nigeria, FEPSAN, and a Moroccan company, OCP, have reached a fertilizer agreement that will yield one million tons of
Market Update: OPEC Readying to Launch an Oil Freeze Deal
Venezuelan President Nicolas Maduro yesterday (16 November) attended an agreement signing ceremony with representatives of two oil companies – Venezuelan Delta Petroleum and India’s ONGC
Militants Attacks Nigeria’s Oil Pipelines
Nigerian oil pipelines in the southern Niger Delta energy hub, which belonged to Italy’s Eni and Aiteo, were blown up by militants. The blasts were