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Tag Archives: oil

Putin begins Saudi Arabia tour

Oil, Iran top agenda as Putin visits Saudi Arabia Moscow, Russia | AFP | Russian President Vladimir Putin will visit Saudi Arabia on Monday, where he is set to seal oil agreements as well as use his influence to defuse rising tensions in the Gulf. The meeting with King Salman …

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Khartoum says renegotiating oil deal with Juba

  Juba, South Sudan | AFP |  South Sudan said Monday it was renegotiating an oil deal with Khartoum, as it will not meet a December deadline to finish paying $3 billion (2.7 billion euros) agreed as compensation for the oil-rich nation’s 2011 secession. South Sudan and Sudan in 2012 …

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Mutebile speaks out on ‘Ugandan oil curse’

Borrowing against future oil revenue pushes Uganda to Resource Curse – Mutebile Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile has said the expectation of oil revenues has pushed Uganda to go for more expensive loans to finance infrastructure projects, a precursor for a resource …

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The long road to clean energy

Paris, France | AFP |  The vital transition to a zero-carbon economy is likely to be a long and rocky road. So-called green energy is booming, but not fast enough to curb climate change, which is accelerating at an alarming pace as oil, gas and coal consumption soar. – Booming renewables …

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