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Oil Production to Increase Despite Multilateral Production Cuts–IEA

THE International Energy Agency, IEA said that higher oil prices mean more production from the United States, leaving the global market with more oil than last year. “Even after taking into account production cut pledges from the eleven countries that are not members of the Organisation of Petroleum Exporting Countries, OPEC, unplanned outages in Canada […]

Zimbabwe to Turn Into Islamic State As OPEC Funds Education Minister Lazarus Dokora With $20mil to Build 83 Muslim Schools

Zimbabwe to Turn Into Islamic State As OPEC Funds Education Minister Lazarus Dokora With $20mil to Build 83 Muslim Schools

Primary and Secondary Education Minister Lazarus Dokora who says Islam was the nation’s number one religion at independence in 1980, has secured a large $20 million loan from Islamic organisations to build Muslim schools in Zimbabwe. As part of a controversial grand plan to make Islam dominant in Zimbabwe’s education system, described as an ‘Islamic Jihad’, Dokora […]

Benghazi Defence Brigades says in control of five cities and two major oil producing areas

Benghazi Defence Brigades says in control of five cities and two major oil producing areas

The Benghazi Defence Brigades says it has captured five cities and two major oil-producing areas in the east of Libya after opposing forces carried out air raids around major oil ports overnight, seeking to regain control of the area. At least nine men were killed in the fighting on Friday as the eastern-based Libyan National […]

Third largest oil and gas producer in sub-Saharan Africa agrees to production cuts

Third largest oil and gas producer in sub-Saharan Africa agrees to production cuts

The Ministry of Mines and Hydrocarbons of Equatorial Guinea announces that it has submitted its interest to join the Organization of Petroleum Exporting Countries (OPEC) in 2017. H.E. Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and present the Government of Equatorial Guinea’s offer […]

OFID Signs Loan Agreements With Seven Partner Countries

OFID Signs Loan Agreements With Seven Partner Countries

The OPEC Fund for International Development (OFID) has signed loan agreements totaling US$173m with seven partner countries for public sector projects aimed at enhancing their socio-economic development. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and high-ranking officials of the beneficiary countries, including Prime Minister and Finance Minister of St Lucia HE Dr […]

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