African Business News

Nigeria eyes US$10billion gas-based investment by 2014

NNPC Group Managing Director Andrew Yakubu said at the Offshore West Africa Oil and gas conference on Tuesday in Accra, Ghana that Nigeria’s oil and gas production had been on the decline due to crude oil theft and severe flooding in the Niger Delta.

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British firms eye Tanzania's oil and gas

British companies are considering trade partnerships with Tanzanian firms following opportunities that have opened up in the oil and gas industry.

This is partly due to the impressive pace of development within the country, according to Mr Julien Masse, an

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Angola Reaffirms Importance of Oil Reserves in Africa

Angolan minister of  Oil, José Maria Botelho de Vasconcelos, highlighted on Tuesday in Libreville (Gabon) the importance to the global energy sector take account of oil and gas reserves exist in Africa, in view of the balanced growth of this branch of the global economy.

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China, South Africa seal new oil, rail deals

South Africa signed a raft of agreements with China on Tuesday, including on the construction of a world-class oil refinery and upgrading the country's rail and port networks.

The deals were sealed at the end of talks between President Jacob Zuma and his counterpart Xi Jinping.

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