OPEC Archives - Page 7 of 9

15th December 2020

Nigeria Considering Another Oilfield Licensing Round in 2021 – NNPC GMD

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that the Nigerian government may hold another oilfield licensing rounds in 2021, especially in the...

10th December 2020

Nigeria’s Crude Oil Export Earning Rose to 116% in November 2020

At the Virtual 19th Nigeria Oil and Gas Conference that held on Tuesday, 8th December 2020, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, disclosed...

8th December 2020

Angola’s Oil Production to Drop by 261,000 b/d in 2021

Angola is to set its oil production at one million and two hundred and sixty-seven thousand (1,267,000) barrels per day in 2021, a reduction of two hundred and sixty-one thousand...

17th November 2020

Nigeria Cuts Over 600,000 barrels of oil per day to meet OPEC+ quota – Minister Sylva

The Nigerian Minister of State for Petroleum Resources, H.E. Timipre Sylva, said that the largest producer of oil on the continent has cut its crude oil production level from over...

11th November 2020

Vaalco Energy Publishes Q3 Report for Gabon

Vaalco Energy has published its third-quarter report for 2020 which showed the company achieved strong production performance in Gabon despite the OPEC+ agreements. It completed its operational campaign and conducted...

2nd November 2020

OPEC Fund Approves $50m to Support Mozambique’s Energy Access Promotion

Mozambique is to benefit from a $50 million loan from the Organisation of Petroleum Exporting Countries' Fund in support of its easy access to energy promotion. The loan was approved...

21st October 2020

FIN Holds Exclusive Virtual Meeting with Secretary-General of APPO

Last week, a United Kingdom-based firm, Strategic enablers of Foreign Direct Investment into Africa's oil & Gas Sector, Foreign Investment Network (FIN), held a virtual meeting with the Secretary-General of...

10th October 2020

OPEC Publishes 2020 World Oil Outlook 2045

The 2020 OPEC World Oil Outlook (WOO) was launched on 8th October 2020 in Vienna, Austria. The latest edition avails the Organisation with an in-depth look at the unprecedented scale...

22nd September 2020

OPEC Monitoring Libya’s Oil Production Restart

According to sources, the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) are closely monitoring the resumption of oil output in Libya to see if there is a...

14th September 2020

OPEC Celebrates 60th Anniversary

On the 14th of September 1960 in Al-Shaab Hall in Baghdad, the Organisation of Petroleum Exporting Countries was birthed. The five founding fathers were Juan Pablo Pérez Alfonzo of Venezuela;...