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China And Russia Haggle Over Energy Deal Prices
China, the world’s second largest economy, has made no secret of its interest in securing Russian energy exports, while Moscow has done little to hide its interest in supplying it.
Nigerian Scholar Wins U.S Oil Spill Grant
Nigerian scholar, Dr. Morufat Balogun, the leader of the Alumni Engagement Innovation Fund (AEIF), has received a special grant to tackle oil spillage in the Niger Delta area of the country.
Hazardous Levels of Pollution in Ogoniland But Little Action So Far
An August 2011 UN Environment Programme (UNEP) study has found hazardous levels of pollution in Ogoniland in southern Nigeria’s Niger Delta, lending credence to claims by locals of environmental damage, health problems and lost livelihoods as a result...
OPEC States That Venezuela has World’s Largest Oil Reserves
The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela has world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia.
Iran Opens Oil Bourse – Harbinger of Trouble for New York And London?
The last three years of global recession have dealt a major blow to American capitalist ideas trumpeted throughout the world on the value of “free markets.” Wall St has been revealed as a form of casino economy, with the bankster insiders gambling...
Iran Criticizes Saudi Oil Production Boost, Warns of Price War
Relations between Saudi Arabia and the Islamic Republic of Iran have been stressful ever since the latter’s 1979 revolution.
Cameroon to Receive BADEA, OPEC Funding
The government of Cameroon has signed two loan agreements, respectively with the Arab Bank for Economic Development in Africa (Badea) and the OPEC Fund for International Development, the Economy, Planning, Town and Country Planning Ministry told APA on...
Nigeria has Launched OPEC Golden Jubilee Anniversary Stamps
Ahead of the 50th anniversary of the Organization of the Petroleum Exporting Countries (OPEC), Nigeria’s Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, started the celebrations of the Organization’s Golden Jubilee with the launch of...
