OPEC Fund approves US$20m for SMEs in East Africa
The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to … Read More
Tag: OPEC
NIGERIA: San Leon Energy an Update on its Indirect Interest in OML 18
Eroton completed its three well drilling programme in early 2020, with the final completion and flow of these wells impacted by Covid-19. The recent lower oil price has led Eroton … Read More
Angola and OPEC are a Strong Pillar of Market Stability – Energy Chamber
The OPEC-Angola discussions that took place last week is a major pillar of the strong dialogue and cooperation between OPEC and African producing nations. The Chamber welcomes these discussions and … Read More
OPEC-Gabon Talks Embodies Africa’s Strong Support for Market Stability
The OPEC-Gabon Bilateral Meeting that took place on July 24th has sent yet another signal of the strong dialogue and cooperation between OPEC and African producing countries. Such a dialogue … Read More
OPEC: Joint Ministerial Monitoring Committee Calls for Cooperation in Supporting Oil Market Stability
The 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 15 July 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of … Read More
OPEC launches its 2020 Annual Statistical Bulletin
The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org). The launch … Read More
OPEC’s decision to extend Production Cuts is a Positive Step for African Energy Players
Over the weekend, the 11th OPEC and non-OPEC Ministerial Meeting concluded on a series of decisions which will help maintain a still fragile market stability, and which should be supported. Held … Read More
OPEC extends oil production cuts until the end of July
The 11th OPEC and non-OPEC Ministerial Meeting was held via vide oconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister … Read More
The Way Forward: How Africa Can Make a Comeback from the Oil & Gas Downturn
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this … Read More
OPEC still has an important role to play in Global Oil Market
By Sebastian Wagner Scan Western news about OPEC from the last few years, and a common observation tends to appear: OPEC had a huge influence on the global oil market … Read More