Aug 22, 2016

China stages live-firing drills in Tonkin Gulf amid tensions

China’s coast guard launched live-firing exercises in the Tonkin Gulf on Monday, the latest in a series of military drills that come amid renewed tensions among disputants to territory in the South China Sea. The Maritime Safety Administration said ships and boats were barred ...

Nigeria wrestles with 'suddenly poor' status amid series of oil crises

Aug 14, 2016

Nigeria wrestles with 'suddenly poor' status amid series of oil crises

First it was falling oil prices that plagued Nigeria, then came inflation, power shortages, and a humanitarian crisis in the north. “Suddenly, we’re a poor country,” Nigerian President Muhammadu Buhari said Thursday in Abuja, the nation’s capital. “Before we came to office, petroleum sold ...

Strife-torn Libya struggles to ramp up oil exports

Aug 14, 2016

Strife-torn Libya struggles to ramp up oil exports

Jihadi attacks and political struggles are thwarting attempts by Libya’s unity government to revive an oil industry seen as vital for the economy of the impoverished North African country. Five years since the fall of dictator Moammar Gadhafi, Libya’s rival governments and militias are ...