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Horn of Africa Oil Trading News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Horn of Africa Oil & Gas.
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Latest Horn of Africa Oil Trading News

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  • High crimes on the high seas 6 Dec 2009 00:16 GMT
    ... within hours. was transporting 275,000 tonnes of crude valued at US$20mil (RM67.6mil) from Saudi Arabia ... the third tanker and the second carrying oil to be taken by pirates in what appears to ... pirates will never agree to sell or trade. The situation is of greatest concern around ...

  • High seas drama 5 Dec 2009 10:51 GMT
    ... booming. On Monday, Somali brigands commandeered an oil tanker with $20 million worth of crude en route from Saudi Arabia to the ... dinghies. Somalis are being drawn to the trade by large ransoms paid for commercial ships. ...

  • A land at the end of 'The World' 5 Dec 2009 02:11 GMT
    ... adept middleman. The city was built on trading, its savvy leaders exploiting its geographical good ... geographical good fortune, close to India, East Africa and Iran. It became a place where ... are not Emirati Years left until Dubai's oil and gas reserves run out The UAE's ranking ...

  • What to do while the world burns? 5 Dec 2009 09:44 GMT
    ... anomalies early in the 1980s when West Africans and then Ethiopians died in the millions ... everyone’s survival is at stake. “Cap and trade,” a badly understood catchphrase, allows large companies ... and mass transportation along with curbs on oil companies that thwart greener competition. We need education ...

  • Ethiopia saves million from Sudanese oil imports 30 Nov 2009 13:39 GMT
    ... Ethiopia saves million from Sudanese oil imports Ethiopia saves millions of dollars every ... Saudi Arabia and the Gulf States, Nile Petroleum Company (NPC) said in a statement. Ethiopia ... country currently produces over 400,000 barrels of crude oil per day. ...

  • Sudan feeds 80 percent of Ethiopia's oil demand 30 Nov 2009 08:55 GMT
    ... ADDIS ABABA, Nov 30, 2009 (Sudan Tribune - ... 80 % of its total demand for petroleum from neighboring Sudan, easing the horn of ... border and also aimed at fostering trans-boundary trade beyond their official trade. The vast country ...

  • MV CHARELLE FREED FROM SOMALIA 4 Dec 2009 20:43 GMT
    ... just yesterday the crew of a Greek oil tanker and using flares and hoses fought off ... the core of all the Horn of Africa and Somalia where the vessel was held ... of Samoa (Apia) is the owner, while TRADEX MARINE LTD of New Zealand are the managers ...

  • Analysis: To Beat Somalia's Pirates, Fix Their Country 3 Dec 2009 06:56 GMT
    ... little law but plenty of poverty and oil platforms. Now Somalia has overtaken Nigeria as a ... hub of the illegal arms and drugs trade. All these things are the consequences of non-existent ... - the Ethiopian army and a small African Union peacekeeping force - are expected to ...

  • Land grabs: Africa's new 'resource curse'? 3 Dec 2009 14:02 GMT
    ... mechanisms underpinning bodies such as the World Trade Organization), to that of sovereignty. Whereas the ... one.’ Andreas should know – just as oil giants are subsidised to the tune of US$300 ... oil – from 2004-2007, the prices of crude oil and food rose in tandem by ...

  • Oil near $76 as demand fears trump weaker dollar 30 Nov 2009 14:10 GMT
    ... Oil near $76 a barrel in European trade as demand fears trump support from weaker ... of Somalia. By mid-afternoon in Europe, benchmark crude for January delivery was down 10 cents ...

  • Oil near US$76 a barrel as demand fears trump support from weaker U.S. dollar 30 Nov 2009 15:32 GMT
    ... Oil near US$76 a barrel as demand fears trump support ... of Somalia. By mid-afternoon in Europe, benchmark crude for January delivery was down 10 cents ... was up to $1.5026 in afternoon European trade, compared with $1.4954 late Friday in New ...

  • Oil near $76 on demand fears 30 Nov 2009 20:44 GMT
    ... Oil prices dipped below $76 a barrel Monday as ... of Somalia. By mid-afternoon in Europe, benchmark crude for January delivery was down 10 cents ... was up to $1.5026 in afternoon European trade, compared with $1.4954 late Friday in New ...

  • Oil near $76 a barrel 30 Nov 2009 15:14 GMT
    ... U.S. dollar and the hijacking of an oil tanker off the coast of Somalia. By midafternoon ... of Somalia. By midafternoon in Europe, benchmark crude for January delivery was down 10 cents ... was up to $1.5026 in afternoon European trade, compared with $1.4954 late Friday in New ...

  • Oil near $76 as demand fears trump weaker dollar 30 Nov 2009 14:12 GMT
    ... By mid-afternoon in Europe, benchmark crude for January delivery was down 10 cents ... markets, the level of global demand for oil was still uncertain. "The actual improvement in oil demand ... was up to $1.5026 in afternoon European trade, compared with $1.4954 late Friday in New ...

  • Oil prices rise as Dubai debt fears ease 30 Nov 2009 15:15 GMT
    ... Singapore. "The long-term prospect for commodities including oil looks strong amid expectations that the value of ... was up to $1.5026 in afternoon European trade, compared with $1.4954 late Friday in New ... pirates on Sunday seized a tanker carrying crude oil from Saudi Arabia to the United ...


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