China’s Sinopec To Divest Its $7.24 Billion Nigeria Business

    China’s Sinopec To Divest Its $7.24 Billion Nigeria Business Reuters reports that China’s Sinopec Group has hired BNP Paribas (BNPP.PA) to sell its oil business in Nigeria and Gabon, as the state-owned oil giant pares back its presence in Africa. Sinopec and other oil groups including China National Petroleum Corporation and CNOOC (0883.HK)…

Natural Gas Won’t Solve Mozambique’s Development Challenges

  Natural Gas Won’t Solve Mozambique’s Development Challenges 5TH DECEMBER 2017 BY: ISS, INSTITUTE FOR SECURITY STUDIES The discovery that Mozambique holds one of the largest reserves of natural gas in the world has generated great optimism about the country’s future. But the recent sovereign debt crisis has cast serious doubt on the ability of the country to…