Ivan Glasenberg maintains Glencore oil fields closures in Chad
Since shutting down its Chad operations in April, the unfavourable economic situation that continues to weigh on crude oil prices is unlikely to convince Glencore International AG to resume extraction in Chad.
30/10/2020 at 17h35, by Africa Business+
In the first nine months of the year, the Swiss commodities trading giant’s gross production in the landlocked Central African country amounted to only 1.5m barrels, of which 1.48m barrels were produced in the first quarter, according to the group’s latest figures.
Recommended articles
Oil & Gas
17/09/2021 at 14h59, by Africa Business+
Junior PetroNor E&P on acquisitions trail
In a favourable cash position after strengthening its position in production blocks in the Congo and...
News
20/05/2021 at 17h17, by Africa Business+
Glasenberg takes advantage of rising copper prices to boost Glencore’s cash in Congo
The Anglo-Swiss giant recorded a depreciation of $300 million in 2019 due to the closure of its copper...
Industry
13/05/2021 at 16h52, by Africa Business+
SP-EAU CEO Koumayi Assoutom recruits Seureca for a AFD financed water project in Togo
Inside information from Jeune Afrique Business+.
Mines
19/02/2021 at 15h01, by Tarik Bargal
Glencore clears $127 million VAT slate in Zambia and exits
The connection is broken between the Government and the Swiss trading group, which decided to withdraw...
Oil & Gas
17/02/2021 at 17h38, by Tarik Bargal
Glencore loses $60 million after buying oil from South Africa’s Strategic Fuel Fund
South Africa’s Strategic Fuel Fund (SFF) sale of oil to Glencore, dating back several years and which...
Oil & Gas
05/02/2021 at 15h46, by Africa Business+
CEO Ahmed Salem Abderraouf calls for tenders to dismantle the Nouadhibou refinery
Investigative report from Jeune Afrique Business+.