Accra//-Ghana’s Vice President, Dr Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System by the National Petroleum Authority (NPA) in Accra.
Luanda, Angola//– ENI announced on Tuesday 06 April, 2021 that it had made a new discovery in Angola.
Oil has bounced around with significant volatility this week, dragged down by slow vaccinations, lockdowns, and speculative outflows, but pushed back up on Suez Canal bottlenecks. Analyst sentiment is also all over the place.
Uganda on Wednesday announced that the signing of the East African Crude Oil Pipeline deal and launch of other projects has been deferred to next month, following the death of Tanzanian president John Pombe Magufuli.
Income from oil is needed to finance President Lourenço’s economic reforms but production is falling and the state-owned oil company is steeped in debt.
Chairman of the Civil Society Platform on Oil and Gas, Dr Steve Manteaw has said an analysis of the country’s oil production data since 2010 indicates that, unless new discoveries are made, Ghana’s oil industry will soon be waning.