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C.Africa

C.Africa
2016, November, 22, 18:40:00
NIGERIA INTO RECESSION
Nigeria, which was Africa's largest oil producer until a few months ago, slipped into recession after its economy shrank by 2.06% in Q2, as the impact of militant attacks on oil facilities weighed on the country's economy.
C.Africa
2016, November, 18, 18:30:00
NIGERIA'S OIL SETTLEMENT: $5.1 BLN
Nigeria reached a $5.1 billion settlement to reimburse foreign oil companies including Exxon Mobil Corp. and Royal Dutch Shell Plc for past operating costs.
C.Africa
2016, November, 16, 18:30:00
EXXON VS CHAD: $74 BLN
Exxon Mobil Corp. is negotiating with Chad’s government about a record $74 billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.
C.Africa
2016, November, 15, 18:35:00
NIGERIAN OIL WILL UP TO 3 MBD
Nigeria aims to increase its crude oil output to 2.8 million b/d by 2019 and to 3 million b/d by 2020 from the current average of 2 million b/d, according to a short term policy document produced by the country's oil ministry.
C.Africa
2016, November, 15, 18:30:00
IRAN - RUSSIA COOPERATION
Iranian President Hassan Rouhani has voiced Tehran's readiness for boosting energy cooperation with Moscow, underlining the presence of Russian companies in various energy sectors in Iran.
C.Africa
2016, October, 26, 18:30:00
NIGERIA'S OIL PRODUCTION UP TO 1.9 MBD
"We have built capacity of up to 2.4 million b/d, but [we are] currently producing about 1.9 million b/d," Omar Farouk, the special adviser on international energy relations to Nigeria's oil minister of state, said on the ministry's twitter handle.
C.Africa
2016, October, 7, 18:30:00
EXXON FINED $75 BLN
The court judgment released on Wednesday found that the companies owed nearly 484 billion CFA francs in royalties to the Chadian government. It did not explain why the penalties amounted to more than 90 times that amount.
C.Africa
2016, September, 28, 18:40:00
NIGERIAN OIL FIRE
Shell says a fire has forced it to close a key oil pipeline feeding Nigeria's strategic Bonny Export Terminal, which militants attacked last week.
C.Africa
2016, August, 19, 18:35:00
NIGERIA MAY LOSE $25 BLN
“This period of low oil price is not a time to jeopardize Nigeria’s long term interests by showing Nigeria as a place not to be trusted, and projecting our business environment as unconducive,”
C.Africa
2016, August, 19, 18:30:00
NIGERIAN OIL UP
Nigeria's crude oil production disruptions are concentrated in the Niger Delta region, an oil-rich area bordering the Gulf of Guinea that is the mainstay of the country's crude oil production. Since the beginning of 2016, the Niger Delta Avengers (NDA) have conducted many attacks on oil and natural gas infrastructure throughout the region. Although not the only militant group conducting attacks in the region, the NDA is currently the most active.
C.Africa
2016, July, 8, 18:25:00
WBG: GLOBAL GROWTH DOWN TO 2.4%
The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.
C.Africa
2016, June, 30, 18:40:00
CHINESE - NIGERIAN AGREEMENTS: $80 BLN
"Memorandum of understandings (MoUs) worth over $80 billion to be spent on investments in oil and gas infrastructure, pipelines, refineries, power, facility refurbishments and upstream have been signed with Chinese companies,"
C.Africa
2016, June, 28, 18:00:00
NIGERIA'S OIL UP
Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta
C.Africa
2016, June, 27, 18:15:00
NIGERIA WANT $50 BLN
“We’re looking to raise about $40 to $50 billion,” Kachikwu said in the Bloomberg interview. “Going to places like China, which have a huge capacity to put money in the oil sector, is very helpful.”
C.Africa
2016, June, 22, 18:05:00
TANZANIA & UGANDA PIPELINE: $4 BLN
The Ugandan and Tanzanian governments are trying to fast-track a $4 billion oil pipeline that would connect landlocked Uganda to foreign markets even though construction won’t start in August as they originally indicated.