Djibouti, IDB sign US$75mn agreement to reduce fuel prices

Djibouti IDB sign US75mn agreement to reduce fuel pricesDjibouti has approved a US$75mn financing agreement with the International Islamic Trade Finance Corporation (IFTC), a unit of Saudi Arabia-based Islamic Development Bank (IDB) to help the nation to buy refined petroleum products, its energy minister said

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South Sudan oil revenue drops amid renewed conflict

South SudanSouth Sudan oil revenues have dropped by 75 per cent in June to US$60 million a month and the International Monetary Fund has warned of economic ruin for Africa's newest country

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Angola updates fiscal projections based on oil price fluctuations

IMF HQThe Angolan Ministry of Finance has published an update of its budgetary performance with adjustments made to take fluctuating oil prices into account

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Uganda-Tanzania pipeline construction to begin in 2017

Construction of Uganda Tanzania oil pipelineUganda's energy minister Irene Muloni has stated that the construction of the Uganda-Tanzania crude oil export pipeline is scheduled to start in January 2017

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Gabon officially rejoins OPEC

GABON REFINERYAfter a 22-year absence, it has been confirmed that Gabon has officially rejoined the Organization of the Petroleum Export Countries (OPEC)

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