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Africa: Tracing the Oil Money
AfricaFocus, 16 September 2014
From 2011 to 2013, the governments of [ten oil-producing African countries] sold over 2.3 billion barrels of oil. These sales, worth more than $250 billion, equal a staggering 56… Read more »
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Nigeria: Global Fuel Use to Rise 38 Percent By 2040
Vanguard, 16 September 2014
There are indications that world petroleum and other liquid fuels consumption may rise to 38 percent by 2040, spurred by increased demand in the developing Asia and Middle East,… Read more »
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Nigeria: Monthly Oil Revenue Declines Further to N601.64 in August
This Day, 17 September 2014
Again, production challenges including a force majeure declared by Shell and series of shutdown of trunk lines and pipelines at various terminals impacted negatively on monthly… Read more »
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Liberia: Over Sale of Four Oil Blocks - Global Witness Exposes Government
Heritage, 15 September 2014
Global Witness, an international acclaimed watchdog group, says it believes that, if Liberia is to award new oil concessions, it should do so after having passed modern laws that… Read more »
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Uganda: National Oil Company Loopholes
Independent (Kampala), 15 September 2014
Since the confirmation of commercially viable quantities of oil in Uganda in 2006, a lot of debate has gone into answering two important questions: What will be the role of the… Read more »
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Uganda: Uganda to Invest U.S.$20 Billion Into Oil
EA Business, 14 September 2014
Oil industry top officials believe that Uganda must look for between $15 billion to $20 billion if it wants to become an oil producing country. Read more »
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Angola: Nation's Biggest Threat Is Offshore - and It's Not Piracy
ThinkAfricaPress, 7 February 2014
Eradicating shell companies won't eliminate Africa's economic and political problems overnight. But it will deprive criminals and kleptocrats of their most important asset:… Read more »
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Uganda: Missed Opportunity in the Oil Debates
ThinkAfricaPress, 19 February 2013
Despite parliamentary forthrightness around Uganda's oil initially, President Museveni has shown he still holds all the power. Read more »
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South Sudan: Oil Politics, Asian Suitors, and Alternative Pipelines in South Sudan
ThinkAfricaPress, 26 June 2013
According to South Sudanese officials, the Japanese Toyota Company has agreed to build a new oil pipeline that bypasses Sudan. Read more »
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Kenya: Predicting Africa's Next Oil Insurgency
ThinkAfricaPress, 13 September 2013
The recent discovery of oil deposits in Kenya's Turkana County could increase insecurity in the region. Read more »
Tracing the Oil Money in Africa
From 2011 to 2013, governments of oil-producing countries have sold over 2.3 billion barrels of oil, but a according to a report by international NGOs, there is little transparency about these sales. AfricaFocus investigates.
InFocus
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Governor of the Central Bank, Sanusi Lamido Sanusi, has reversed his claim that over U.S.$49 billion proceeds of oil sales was missing from the Federation Account. Read more »
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While the country complies with international standards regulating the transparency of oil revenues the people are yet to see the benefits thereof. Read more »
