Energy South Africa's petrol price to stay flat in August JOHANNESBURG: The retail price of petrol in South Africa will remain unchanged at 14.33 rand ($1.34) a litre from next W Published 01 Aug, 2014 01:56pm
Energy Nigerian crude exports to hit 16 month high in Sept LONDON: Nigeria will export around 1.90 million barrels per day (bpd) of crude oil in September including deferred cargo Published 25 Jul, 2014 03:11pm
Energy Uganda orders Tullow Oil to pay $407mn tax bill KAMPALA: A Ugandan tax appeals court on Wednesday ordered the Anglo-Irish firm Tullow Oil to pay a $407 million tax bill Published 16 Jul, 2014 07:53pm
Energy Saudi June oil production rises to 9.780mn bpd RIYADH: Saudi Arabia produced 9.780 million barrels per day (bpd) of crude oil in June, up from 9.705 million bpd in May Published 09 Jul, 2014 04:22am
Energy Yemen oil export income tumbles 64pc in May, reserves sink DUBAI: Yemen's income from oil exports tumbled by over 64 percent to $73.4 million in May from a year ago, due to at Published 06 Jul, 2014 01:46pm
Energy Egypt says to pay $1.5bn oil debt this year as energy crisis mounts CAIRO: Egypt will pay $1.5 billion of the money it owes to foreign energy companies by the end of 2014, its oil minister Published 26 Jun, 2014 01:08pm
Energy Libya's oil output around 270,000 bpd, Hariga still closed: NOC TRIPOLI: Libya is currently producing around 270,000 barrels of oil, a spokesman for state-owned National Oil Corp (NOC) Published 24 Jun, 2014 01:00pm
Middle East Africa Energy Baghdad condemns Kurds for oil exports BAGHDAD: Baghdad's oil ministry condemned Iraqi Kurdistan Saturday for further exports of crude from wells in the au Published 21 Jun, 2014 12:44pm
Energy Iraq's biggest oil refinery shut down, foreign staff evacuated TIKRIT: Iraq's biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials s Published 17 Jun, 2014 12:54pm
Energy Gabon oil refinery output to fall in 2014 LIBREVILLE: Production from Gabon's state-run oil refining company is set to fall by one third to 600,000 tonnes thi Published 14 Jun, 2014 07:14pm
Energy Kenya raises diesel, kerosene prices, lowers petrol NAIROBI: Kenya's energy regulator raised the maximum retail price of a litre of diesel and kerosene on Saturday, and Published 14 Jun, 2014 09:48am
Energy Crude prices up as militants close in on Baghdad SINGAPORE: Crude prices on Friday extended the previous day's rally to sit at nine-month highs after militants close Published 13 Jun, 2014 05:52am
Energy Kuwait sets July crude OSP to Asia at Oman/Dubai minus $0.10/bbl SINGAPORE: Kuwait set the official selling price (OSP) for its crude oil sales to Asian buyers for July at $0.10 a barre Published 11 Jun, 2014 02:10pm
Energy Iraq says southern oil facilities ‘very, very safe’ VIENNA: Iraq's southern oil export facilities, currently its only export outlet, were secure, with shipments now run Published 11 Jun, 2014 02:03pm
Middle East Africa Energy Cameroon banks earn $13.5m in oil transit fees YAOUNDE: Cameroon's state oil firm SNH earned 6.49 billion CFA francs ($13.46 million) in transit fees for Chadian o Published 02 Jun, 2014 07:18pm
Energy Iraq oil exports continue rebound in May: ministry BAGHDAD: Iraqi oil exports rose for a second consecutive month in May, figures showed Sunday, despite a northern pipelin Published 01 Jun, 2014 01:38pm
Energy Egypt opens tender to import fuel in July-Sept 2014: official CAIRO: Egypt has launched a tender to import hundreds of thousands of tonnes of petroleum products in the third quarter Published 31 May, 2014 01:32pm
Energy Egypt to get more than $3bn in free fuel from Saudi by August CAIRO: Saudi fuel donations to Egypt from last month through August will be worth more than $3 billion, a top Egyptian e Published 11 May, 2014 08:45am
Energy Drilling bonanaza in Morocco as oil firms eye deep waters MARRAKESH: Morocco is enjoying an oil and gas drilling bonanza, with 27 wells planned this year, a senior energy officia Published 07 May, 2014 11:14pm
Energy Iraq oil exports rebound but sales hit by attacks BAGHDAD: Iraq's oil exports rebounded last month, government figures released on Sunday showed, despite militant att Published 04 May, 2014 02:12pm
Energy South Africa's petrol price to decrease by 1pc on May 7 JOHANNESBURG: The retail price of petrol in South Africa will decrease by 15 cents or 1 percent a litre from next Wednes Published 02 May, 2014 01:36pm
Energy UAE grants China right to develop Abu Dhabi oil fields DUBAI/BEIJING: The Abu Dhabi National Oil Company (ADNOC) has formed a joint venture with China National Petroleum Corpo Published 29 Apr, 2014 08:33am
Middle East Africa Energy Iraq oil exports average 2.5m bpd so far in April BAGHDAD: Iraq has exported an average of 2.5 million barrels per day (bpd) of oil so far in April, more than in March, b Published 26 Apr, 2014 08:19pm
Energy Egypt to pay some $1bn owed oil firms within two months CAIRO: Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the sta Published 23 Apr, 2014 07:50am
Energy Libya oil output 220,000 bpd, several fields still closed TRIPOLI: Libya's oil production is currently around 220,000 barrels a day as several western oilfields remain closed Published 22 Apr, 2014 08:57am
Energy Technical problems delay reopening of Zueitina oil port:: minister BENGHAZI: Technical problems have delayed the reopening of Libya's eastern Zueitina oil export terminal after the go Published 20 Apr, 2014 07:58pm
Energy Kuwait to invite bids for new refinery: oil official KUWAIT CITY: OPEC member Kuwait will invite bids for a new multi-billion-dollar oil refinery next month as part of a dri Published 07 Apr, 2014 01:13pm
Energy Oil price 'fair' despite geopolitical factors: Kuwait KUWAIT CITY: Kuwaiti Oil Minister Ali al-Omair said on Monday that current oil prices are "fair" despite strong geopolit Published 07 Apr, 2014 09:42am
Energy Kuwait's oil output capacity rises to 3.3mn bpd KUWAIT: Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reac Published 07 Apr, 2014 09:05am
Middle East Africa Energy Southern Iraq oil exports 2.48mn bpd in March, new field to open BASRA: Oil exports from southern Iraq have averaged 2.48 million barrels per day (bpd) so far in March, a senior officia Published 29 Mar, 2014 12:53pm