Monday , 23 October 2017

INTERNATIONAL

Gunmen kill 13 Niger gendarmes in attack near Mali border

Gunmen on pick-up trucks and motorcycles coming from Mali killed 13 gendarmes and wounded five more in an attack on their base in western Niger, security sources said on Saturday.   The village is a few dozen kilometres (miles) from where militants killed four U.S. soldiers in an ambush on Oct. 4 that has thrown a spotlight on a U.S. counter-terrorism …

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W. Africa Crude-Nigerian exports to rise in Dec, trading slow

Nigeria’s December exports were on track for a healthy increase as more loading programmes emerge. Pending tenders from India and Taiwan kept spot demand. Export plans for Forcados, Bonga, Agbami and other grades were issued on Friday and the current programme of 48 cargoes, with 1.38 million barrels per day (bpd), is already above the November plan. While Shell lifted …

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Congo elected to U.N. rights council; Britain, U.S. unhappy

Democratic Republic of Congo was among 15 countries elected to the United Nations Human Rights Council for a three-year term on Monday, a moved criticized by Britain, the United States and rights groups after the vote by the 193-member General Assembly. While Congo was elected uncontested to the 47-member Geneva-based council, it still needed majority support. The country – beset by …

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Barkindo meets with India’s Minister of Petroleum and Natural Gas in New Delhi

OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with HE Dharmendra Pradhan, Minister of Petroleum and Natural Gas of India, in New Delhi. The meeting was attended by a group of accompanying OPEC senior officials and the Chief Executives of the ‘Group-7 of Indian Refiners’. Both parties underscored the value of the ever-expanding cooperation between India and OPEC. Discussions focused …

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Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow – Novak

Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday. Novak said energy and oil ministers from more than half of OPEC’s members will visit Moscow to take part in the Russian Energy Week 2017 forum. OPEC and non-OPEC ministers will work on recommendations …

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W. Africa Crude-October cargoes linger, some Nov programmes still awaited

A handful of cargoes have traded in November so far though October cargoes of Angolan and Nigerian are still lingering as demand for that month has slowed due to limited arbitrage and stronger outright prices. There was still no sign of the Nigerian Bonny Light or Erha loading programmes for November. Bonny Light exports were still under force majeure but …

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Hope rises for oil market stability in Q4 ‘17

…As OPEC again excludes Nigeria, Libya from oil cut WITH prolonged lull, characterised by over-supply, speculation and politics, the international oil market has been very unstable this year, thus causing tension in major oil-exporting nations, including Nigeria, Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, United Arab Emirate and Venezuela. Available reports …

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 IPOB not a terrorist organisation – US govt

The United States government has said that it does not see the Indigenous People of Biafra, IPOB, as a terrorist organisation. While the Federal Government of Nigeria has proscribed IPOB and labelled it a terrorist organization, the US government, however, said it does not see IPOB as a terrorist organisation. IPOB’s Nnamdi Kanu and U.S President Donald J. Trump It …

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Ghanaian subsidiaries of Tigo, Bharti Airtel cleared for potential merger

Ghana’s National Communications Authority (NCA) regulator granted conditional approval for a merger between the local operations of Millicom’s Tigo and Bharti Airtel, a notice to employees of the subsidiaries said. The two networks agreed in March to combine their operations based on equal ownership and governance rights. It is the first such joint venture proposed in Ghana’s highly competitive telecom …

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