The Guyanese government has used the windfall from oil sales to build infrastructure, schools, and hospitals but many in Guyana still live in poverty. As oil production grows, however, so should income to invest in more public services and reducing poverty levels.
President Tinubu has launched an initiative targeting to boost Nigeria’s crude output by 1m bpd over the next year
Senegal has set up a commission of legal, tax, and energy sector experts to review its oil and gas contracts and work to rebalance them in the national interest, Prime Minister Ousmane Sonko said on national television on Monday.
Indonesian President Joko Widodo on July 31 held a meeting with several ministers in Jakarta to discuss the acceleration of oil and gas production in the country.
Senegal’s President Bassirou Diomaye Faye has said profits from the sale of oil and gas will be “well managed” as the West African state started producing oil for the first time.
Senegal’s newly elected President Bassirou Diomaye Faye has stated that he would conduct a thorough audit of Senegal’s oil , gas and mining sectors.
President Akufo-Addo has named Joseph Abuabu Dadzie the acting Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC), effective Thursday, May 2, 2024.
Newly elected President Bassirou Diomaye Faye has announced Senegal’s plans to conduct an audit of the oil, gas, and mining sectors.
President Nana Akufo-Addo has indicated that the government’s gold-for-oil policy has significantly reduced pressure on forex.
The $2 million Sentuo Oil Refinery has an initial processing capacity of 40,000 barrels per day, scalable to 100,000 barrels when the facility is fully operational