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Refined Oil Shortage Continues for Africa’s Largest Producer

By Sam Olukoya

LAGOS, Aug 4, 2011 (IPS) - "We are suffering in the midst of plenty." That was how Nelson Ilemchi summed up his plight as he spent an entire day queuing to buy kerosene. Since January Africa’s largest producer of crude oil has been experiencing a protracted nationwide scarcity of the refined product.

Read more... Thursday, 04 August 2011 14:51
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Oil Taking Ever Longer Route

oilgasSINGAPORE, August 3, 2011, (Reuters) — Politics have long skewed oil supply lines, but this year's confluence of events has sent Siberian oil on its way to Peru in a hitherto unchartered trade route, and made it profitable for Belgian chocolatiers to run vans with Indian-processed Colombian oil.

Read more... Wednesday, 03 August 2011 14:29
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Ghana: Land of Opportunity for Oil & Gas Investment

ACCRA, Ghana, June 25, 2011 (Buziness Africa) - An overview of the potential for Ghanaian oil and gas investors Introduction With the discovery in 2007 of a major untapped oil and gas field off the coast in Ghana, the die was cast for the future of the West African country. Since then a revolution has taken place to begin the process of farming the huge amount of natural resources present and transforming Ghana.

Read more... Saturday, 25 June 2011 14:03
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Dam Spells Hope For Ethiopian Economy

MillenniumDamBy Kester Kenn Klomegah

MOSCOW, May 10, 2011 (Buziness Africa) – The Ethiopian authorities have officially called for an urgent financial support for the construction and future maintenance of the Grand Millenenium Dam, a power plant expected to generate more than 5,000 megawatts (MW), which experts have unreservedly described as an effort to create a firm basis to boost economic growth.

Read more... Tuesday, 10 May 2011 22:18
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State Engages World Bank on Unexplored Minerals

LUSAKA, Zambia, February 18, 2011 (Times of Zambia) - The government has engaged the World Bank to initiate the air surveys for the remaining 42 per cent of the geological mapping of Zambia to ascertain areas with unexplored minerals.

Read more... Saturday, 19 February 2011 13:28
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Sudan and oil politics: A nation split by oil

By Nnimmo Bassey

BENIN CITY, Nigeria, February 11, 2011 (Next) - As Sudanese voted on staying as one nation or becoming two, my mind goes back to when civil war broke out in Nigeria in 1967. I recall that when Biafra was announced, I leapt in celebration at the novelty of suddenly being a citizen of a new country under a new flag and with a bearded man at the head of state. What my young mind could not fathom, and did not question, were the reasons for the emergence of the new nation. What were the announced reasons and what were the unspoken ones?

Read more... Saturday, 12 February 2011 11:10

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