Tag Archives: Oil Revenues

Financial, security woes put Libyan oil recovery on shaky ground

West African Gas Pipeline

Libya’s oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability and a better life for the divided North African nation. Libya surprised many observers when it managed to raise its output fourfold to around one million barrels per day (bpd), boosting its only significant source of income. Continued disruptions ...

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New oilfield operations double energy revenues

Revenues

Increased oil production in Ghana is boosting energy sector revenues and helping shore up finances after three years of sluggish economic growth and persistent budget shortfalls. A report from the central bank shows Ghana’s state oil revenues more than doubled between the second half of 2016 and the first half of this year, from $93.4m to $191.3m, driven largely by ...

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