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East Africa: Region to Market Its Oil Potential in Arusha Meeting
With the recent landmark discovery of commercially viable oil and gas deposits in East Africa, the East African Community (EAC) member states are now seeking to formulate policies to ensure successful oil exploration ventures can be attained throughout the region.
To this end, the third East African Petroleum Conference on the petroleum potential and investment opportunities [...]
Nigeria coal mining rules favor foreigners
A new report by Nigeria’s minerals ministry outlines ways to increase the incentives to explore coal in the country.
The report, Coal Exploration Opportunities in Nigeria, was released Tuesday in the capital Abuja by the Nigerian Ministry of Solid Minerals Development. It outlined new mining rules friendly to foreign ownership.
Iraq set to resume oil exports from northern fields this week
Iraq has completed repairs to one of two sabotaged oil pipelines that export crude from its northern fields to Turkey and aims to restart the flow this week, Iraq’s oil minister said on Sunday.
“We completed the repairs today and we hope to restart it this week,” Oil Minister Hussain Al Shahristani said.
Shahristani is trying to [...]
Gold Drops in Asia as Falling Oil Price Erodes Metal’s Appeal
Gold dropped in Asia for a fourth straight day as declining crude oil prices curbed the precious metal’s appeal as a hedge against inflation.
Crude oil declined to less than $61 a barrel in New York on speculation that a cut in output by Venezuela and Nigeria will do little to reduce global supplies of the [...]
Over 70 Years of Experience in the Industry to Support the Growth of the Company
Century Petroleum Corp. (OTC BB:CYPE.OB – News) is pleased to announce that it has formed an Advisory Body. Initially composed of two prominent oil and gas professionals and business leaders, the Advisory Body will assist the Company’s executives on a wide variety of areas, including the expansion of the business, financial and technical issues. They [...]
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