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Somalia Invites Energy Companies To Explore For Oil

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AFRICANGLOBE - The price of oil may have fallen off a cliff recently, but that has not deterred energy giants like Exxon Mobil, Royal Dutch Shell, BP and Chevron from reactivating plans to drill in Somalia.

Africa Now Ready For Indigenous Oil Refiners

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AFRICANGLOBE - Indigenous refining would reduce dependence on imported fuel. Nigeria, for example, is Africa’s largest oil producer with output of nearly 2m barrels per day, but the country buys most of its petrol and diesel abroad and spends billions of dollars in subsidies to keep petrol prices low.
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