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Equatorial Guinea announces US$1bn in projects for ‘Year of Investment 2020’

Image1Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima has revealed several capital-intensive projects as part of Equatorial Guinea’s upcoming 2020 Year of Investment initiative

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Nigerian government pledges to support completion of Dangote Refinery

Image1.JPGChief Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, has pledged support of the Federal Government towards ensuring the completion of the 650,000 bpd Dangote Petroleum Refinery during an official visit to the Petrochemical complex, located at the Lekki Free Trade Zone in Lagos, Nigeria

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Angola’s president meets Eni CEO Claudio Descalzi

16546032166 1c3be98f17 cAngola’s president João Gonçalves Lourenço has met Eni CEO Claudio Descalzi met in Luanda to discuss new community development initiatives that would contribute to the carbon neutrality of Eni’s activities in the country

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Solo Oil sells stake in Burj Petroleum Africa

NR6 0709 Mtwara and Mnazi Bay Crop ASFSolo Oil has signed a sale and purchase agreement (SPA) to end its 20 per cent investment in Burj Petroleum Africa Limited (Burj), a company that applied for various undeveloped fields in the 2014 Nigerian Marginal Fields Bid Round

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OPEC needs deeper output cuts to hold brent above US$60 per bbl, says GIQ Survey

18853941496 ee43ae263b zOPEC will need to make deeper supply cuts to keep oil prices above US$60 per bbl, according to 69 per cent of those surveyed in the Gulf Intelligence (GIQ) monthly Energy Market Survey in August

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