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North Africa OPEC Newswire

  • Published on Jun 19, 2025

    Chinese Firm Secures Key Gas Block in Algeria

    Zhongman Petroleum and Natural Gas Group (ZPEC), an independent Shanghai-listed Chinese oil and gas company, has won a licensing contract to explore a natural gas block in central Algeria, the firm has said. Algeria’s National Agency for the Valorization …

    Source: Oil Price - Neutral
  • Published on Jun 18, 2025

    Oil Prices Surge Past Nigeria’s 2025 Benchmark Amid Middle East Crisis

    Brent crude climbed by 5.29 per cent to $77.04 per barrel, while the US West Texas Intermediate (WTI) rose by 5.28 per cent to $74.84, marking a sharp rebound in global oil markets. The surge comes in the wake of intensified regional tensions after Israel …

    Source: TVC News Nigeria - Pro-Government
  • Published on Jun 18, 2025

    Algeria opens mining to foreign investment

    ALGERIA’S parliament approved legislation allowing foreign companies to own up to 80% of mining projects, marking a significant policy shift for the OPEC nation as it seeks to diversify its hydrocarbon-dependent economy, Bloomberg News reported. A majority …

    Source: Miningmx - Pending
  • Published on Jun 17, 2025

    Nigeria maintains dominance in Africa’s crude production with 1.544 mbpd — OPEC

    The world’s leading oil corporation, the Organisation of Petroleum Exporting Countries, OPEC, said Nigeria’s crude oil output remained the topmost in Africa, with 1.544 million barrels per day (bpd) in May 2025, excluding condensate. OPEC disclosed this in …

    Source: Daily Post - Neutral
  • Published on Jun 17, 2025

    Algeria approves law allowing up to 80% foreign ownership in mining projects

    Algeria’s parliament has passed a new law permitting foreign companies to own up to 80% of mining projects, marking a major shift as the OPEC nation aims to diversify its economy. Most lawmakers present voted in favour of the new law on Monday. According …

    Source: Business Insider Africa - Neutral
  • Published on Jun 17, 2025

    Regional conflict threatens Iraq’s gas plans

    The eruption of hostilities between Israel and Iran may disrupt plans by Iraq to develop its gas resources and obtain more supplies from Iran and Turkmenistan, experts say. Fearing a conflict spillover, Iraq has already shut one of its main gas fields …

    Source: Zawya - Indeterminate
  • Published on Jun 16, 2025

    OPEC says Nigeria’s crude oil production of 1.4m largest in Africa

    The Organisation of the Petroleum Exporting Countries (OPEC) says despite a decline in production, Nigeria retained its position as Africa’s largest crude oil producer in May.  In its latest monthly report on Monday, the oil cartel said Nigeria’s oil …

    Source: The Cable - Neutral
  • Published on Jun 16, 2025

     Oil Prices Soar After Israel Targets Iran’s Nuclear Programme 

    1  With Israel’s strikes on Iran bringing ICE Brent futures to $75 per barrel in a world where OPEC+ continues to unwind its production cuts and global demand is decelerating due to Donald Trump’s tariff wars.  Whilst oil infrastructure was not damaged in …

    Source: Daily Independent - Pending
  • Published on Jun 13, 2025

    Oil Prices Soar After Israel Targets Iran's Nuclear Program

    Geopolitical risk rushed back into oil markets in style as Israel launched extensive strikes on Iran and boosted fears of a major regional conflict. Friday, June 13th, 2025  The geopolitical risk premium is back, with Israel’s strikes on Iran bringing ICE …

    Source: Oil Price - Neutral
  • Published on Jun 16, 2025

    Iran-Israel war could push freight, insurance costs, disrupt Red Sea trade

    An escalating Iran–Israel war could push up freight and insurance costs on shipping routes and hinder efforts to normalise trade through the Red Sea, affecting Indian exports to West Asia and Europe, exporters and government officials said on Monday as the …

    Source: The Indian Express - Center-left
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