In Ivory Coast, employees at Petroci on Tuesday commenced a 72-hour strike to protest against redundancies the company made due to the existing global crude oil price crisis. Union leaders in the country have threatened to extend the protest to other companies, if workers' demands were not met. According to the union leaders, fifty out of Petroci's 600 staffs were made jobless last month and...

In Mali, the position of head of the Broadcasting office (Ortm) is now vacant. Bally Idrissa Sissoko, the former director of the institution has resigned. One thing is sure. That is Mr. Sissoko is gone. However, conditions for his leaving are still a little unclear. Truly, online news Maliactu.net among others reported: “The news landed on January 20. The appointment decree of Bally Idrissa...

Come March 2016, Nigeria plans to change crude oil swap deals and introduce a new system whereby it will buy and sell crude oil to refiners directly, The Nigerian National Petroleum Corporation (NNPC) revealed. Even though Nigeria exports approximately 2 million bopd, it solely depend on imported gasoline, kerosene and other petroleum products. The country’s move to renovate the long abandoned...

Egypt has asked Russian oil and gas companies, to partake in an international licensing rounds in order to gain rights to prospect and produce hydrocarbons. A draft intergovernmental protocol obtained, revealed that Egypt invited Russian companies to take part in oil refining and petrochemicals investment projects. All the details, terms and conditions are to be sent to Russia via diplomatic...

The prices of Brent on Tuesday, dropped more than 5% while US crude fell below $30 a barrel. Hopes for an agreement between the Organization of Petroleum Exporting Countries (OPEC) and Russia to reduce production has also been dashed. Russian Energy Ministry had revealed that its energy minister and Venezuela’s oil minister held talks on the possibility of holding joint meetings between...

The Nigeria Agip Oil Company (NAOC)’s crude oil export has decreased by 16,000 barrels due to attack on pipelines supposedly performed by Niger Delta militants. The company’s pipelines which covers Orukari, Golubokiri and Kpongbokiri communities in Brass Local Government Area, Bayelsa State, exploded last week Thursday. Agip’s spokesman on Monday said the company was working toward...

Egypt is getting ready to launch in 2016 the MENA’s (Middle East and North Africa) first agricultural commodities trade exchange, said Egyptian Medias reporting Supplies minister Khaled Hanafy. According to him, Amman-based firm, Sigma Investment, has already completed the feasibility study for the exchange. In its first year, MENA’s commodities trade exchange will be trading 8 commodities...

During the African Union (AU) summit in Addis Ababa held on February 1, 2016, international donors pledged $250 million to fight terrorist group Boko Haram. “We have around $250 million” to support the Multinational Joint Task Force (MNJTF) who is fighting Boko Haram in the basin of Lake Chad, said AU Peace and Security Council chief Smail Chergui. According to him, Nigeria is...

Director General of Gabon Telecom, Abderrahim Koumaa and his collaborators met with the Minister of Digital Economy, Pastor Ngoua N’neme, on January 29, 2016. At this meeting where were present the president of the regulation council of Posts and Telecommunication, Lin Mombo, and director general of the National Agency for digital infrastructures and frequencies (Aninf in French), Alex Bongo...

Since Miloud Chorfi, former head of Algeria’s broadcasting regulatory authority (ARAV), has been appointed senator, no one has filled his position. It thus befalls the President, Abdelaziz Bouteflika to appoint ARAV’s new president. Minister of Communication Hamid Grine said on February 1, 2016, that ARAV’s next head “would soon be known”. In the meantime, the minister explained that...