Without seeking subsidy to import petroleum products, Epic Refinery and Petrochemicals Company Limited, a Nigerian oil company, has revealed plans to import refined fuel and sell at 75 naira ($0.48)...
South Sudan has threatened litigation against those who purchase its oil from neighboring Sudan after Khartoum reportedly sold crude seized from the newly independent state at millions of dollars discount. A bitter dispute between the recently separated countries over the fees land-locked South Sudan should pay for the use of Sudan's pipeline infrastructure to export its oil has escalated dramatically in recent weeks after Juba accused Khartoum of diverting oil to its refineries and blocking shipments.
AFRICANGLOBE - Storms and droughts that have unleashed dangerous surges in food prices could be a "grim foretaste" of what lies ahead when climate change bites more deeply, Oxfam said on Monday.