Business Africa
OPEC’s decision to cut oil production worldwide is yet another blow for oil-exporting countries. The organization now forecasts a global demand of 0.99 million barrels per day, compared to more than a million.
This slash they say is because of the Coronavirus outbreak in China. The first victim of this downward revision is the aviation sector.
Gabon’s new oil exploitation
Gabon remains resilient despite the COVID-19 crisis.
The country, which undoubtedly does not want to be influenced by the coronavirus outbreak, is in the middle of Tortue phase 2 operation, that will allow the production of larger quantities of oil in the coming years.
At nearly 12,000 barrels of oil per year, it has started operating the offshore field located in the Dussafu.
02:20
Turkey's booming drama industry captures hearts worldwide, boosts tourism
02:09
Niger considers routing oil through Chad after Benin dispute
Go to video
Production starts at Senegal's first offshore oil project
01:00
Benin grants temporary authorization for export of Nigerien oil
Go to video
Nigerians struggle with fuel shortages as queues form across major cities
01:05
Niger signs deal to supply Mali with cheaper diesel