Wednesday , March 29 2023
Home / Tag Archives: oil (page 31)

Tag Archives: oil

Row over oil money to fight Boko Haram in Nigeria

Lagos, Nigeria | AFP | Nigeria’s opposition has rejected a plan to spend a billion dollars of oil money to fight the Boko Haram insurgency in the country’s volatile northeast. Last week, the governor of the southern state of Edo, Godwin Obaseki, told reporters the federal government had been given …

Read More »

Answering Uganda’s fuel reserve question

More storage facilities in offing as private players increase storage capacity to match the growing demand Kampala, Uganda | JULIUS BUSINGE | With the current expansion of Uganda’s industry and manufacturing, transport, and services sectors in addition to a rapidly growing population,which are key consumers of petroleum products, one key question …

Read More »

COMMENT: The abnormality of oil

Why inflation and monetary-policy adjustments by central banks might not impact its price COMMENT | JIM O’NEIL | Writing about oil prices is always risky. In a January 2015, I suggested that oil prices would not continue to fall, and even predicted that they would “finish the year higher than they …

Read More »

ANALYSIS: How president Lourenço is stamping his authority on Angola

Felix Janvrin | AFRICAN ARGUMENTS |  On 15 November, as most of southern Africa’s attentions turned to the military takeover ensuing in Zimbabwe, Angola’s President João Lourenço took a set of dramatic steps. Acting with lightning speed, he fired the entire board of Angola’s state oil company Sonangol, including its chair Isabel dos Santos. Later that day, …

Read More »

Daughter of Angola’s ex-president sacked as state oil chief

Luanda, Angola | AFP |  Angolan President Joao Lourenco on Wednesday fired his predecessor’s daughter from her influential post as head of the Sonangol state oil company, the presidency said in a statement. Her appointment to the oil giant last year was widely criticised as a symbol of the nepotism …

Read More »