Angola recorded export earnings amounting to 253.3 billion Kwanzas (about 1.06 billion US dollars) from the sale of 49.8 million barrels of crude oil in May this year, according to the latest statistics issued by the Ministry of Finance. During the month, the oil exports, which account for the large bulk of the country’s export
Oil & gas: ‘Uganda cannot afford to make mistakes’
OIL & GAS As Uganda moves ever closer to the magic year of oil production — 2021, Dozith Abeinomugisha, the director for exploration at the Petroleum Authority of Uganda, has warned that the country cannot afford to make mistakes because of the limited nature of the resource. “We do not have the reserves that many
TOTAL C.E.O CHRISTOPHE DE MARGERIE DIES IN PLANE CRASH
Christophe de Margerie, CEO of French oil giant Total was killed Monday night when the business jet he was flying in crashed upon takeoff at Vnukovo Airport in Moscow. In addition to De Margerie, 63, four others perished in the accident, including three crew members and the driver of a snow removal machine with which the