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The Beginning Of The End For The OPEC Block

AFRICANGLOBE - October 2013 marked the 40th anniversary of the oil embargo launched by the Organisation of the Petroleum Exporting Countries (OPEC) after the Yom kippur War. Just as the event sent shockwaves through the world economy in 1973, the rise of shale gas and tight oil in the US and elsewhere is now creating an impact of similar magnitude in the oil world.

Construction of South Sudan Pipeline to Begin This Year

AFRICANGLOBE - Construction of a pipeline to carry South Sudan's crude oil from oil fields in the landlocked country to an export terminal is set to begin later this year, according to the Ministry of Petroleum and Mining. This was announced during a briefing by the Petroleum and Mining Minister Stephen Dhieu Dau and senior executives from his ministry held for top officials of the ruling SPLM General Secretariat on Saturday to enlighten them about the status of the country's oil industry.