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South Africa To Invest $1bn In South Sudan’s Oil Sector

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AFRICANGLOBE - South Sudan's oil minister says South Africa will invest $1 billion into the war-torn country's oil sector in what would be the largest investment in the east African country's history. Ezekiel Lol Gatkuoth confirmed Friday's signing of the memorandum of understanding with South Africa's energy minister, Jeff Radebe. Radebe tells state broadcaster SABC that both countries would benefit.

Ethiopia: Oil’s New Equilibrum

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AFRICANGLOBE - Oil prices have been heading south again, with a barrel of US crude recently falling below 42 dollars - the lowest level since March 2009, the nadir of the global financial crisis. And, while last year's sharp price drop was heavily influenced by two large supply shocks, the current decline also has an important demand dimension.

Libyan Rebels Threaten Secession Over Rival Parliament

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AFRICANGLOBE - Libyan rebels who have seized oil ports in the past to press their demand for regional autonomy said on Friday they would declare independence in the east if the world recognized a rival parliament.
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