Brazil's Petrobras wants to buy stakes in African oil assets, mainly in Angola, Namibia and South Africa, to boost its ...

With billions of barrels lying beneath the land and offshore, oil is one of Africa’s biggest money-makers. Morocco has the ...

Petrobras, the Brazilian oil company, wants to purchase stakes in African oil assets - primarily in Angola and Namibia - to increase its ...

Egypt now ranks amongst the top 10 African countries with the largest proven crude oil reserves in 2025, according to the ‘Business Africa‘ platform. In a report released on Tuesday, the platform ...

Libya holds the largest foreign exchange and gold reserves in Africa, according to Global Firepower, followed by Algeria and ...

Uganda discovered commercial reserves of petroleum in the Albertine rift basin near its border with the Democratic Republic ...

The discovery of oil marks a major step forward in the African country's efforts to diversify its economy beyond agriculture and tourism.

With Lake Kivu's depth and geological advantages, the discovery raises hopes of larger oil reserves than those found ... AllAfrica is a voice of, by and about Africa - aggregating, producing ...

Jan 15 (Reuters) - Chevron (CVX.N), opens new tab said on Wednesday it did not find commercial hydrocarbon reserves ... in Namibia. Oil companies have flocked to the African country, with recent ...

South Africa’s state power utility Eskom has suspended rotational blackouts that started Friday, citing a recovery of emergency reserves. “Due to the sufficient replenishment of emergency ...