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Oil & Gas

World Bank raises oil price forecast for 2017

The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting Countries (OPEC) prepared to limit…

ECOWAS to develop robust energy market

The Economic Community of West African States (ECOWAS) Centre for Renewable Energy and Energy Efficiency with its agencies and partners are to develop a robust regional energy market. The Energy market is to increase access to modern and…

Dangote aims at oil and gas with $16b refinery

Dangote Group of Companies, renowned in the production and distribution of cement in the West African sub-region are now wading into the oil and gas sector and is envisaged to have the largest oil refinery company in Africa The $16…

Ghana to acquire third FPSO soon costing $1.2b

Ghana is preparing to acquire a third Floating Production Storage Offloading (FPSO) vessel to receive lean gas from the Sankofa Gye-Nyame (OCTP) Oil Field, Mr Emmanuel Armah-Kofi Buah, Petroleum Minister has announced. The new FPSO,…