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Suriname on the Brink of a Windfall: New Oil Discovery Set to Flood Economy
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<img data-document-id="cms/api/amp/image/AA1Foc9n" data-reference="image" src="https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1Foc9n.jpg"/> <p class="align-left"> Suriname, the smallest nation in South America, is gearing up for an influx of revenue following a significant discovery of offshore oil. The president has assured that the citizens will directly benefit from this newfound wealth. </p> <p class="align-left"> The population of around 600,000 Dutch speakers anticipates generating…
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Gold Price Plummets by Rs4,200 Per Tola in Pakistan
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On Thursday, gold prices in Pakistan experienced a significant decline. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the cost of one tola of 24-carat gold dropped by Rs4,200, setting the new price at Rs352,700. Likewise, the cost of 10 grams of gold decreased by Rs3,601, currently priced at Rs302,383. This decline…
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Mike Adenuga’s Conoil exports new Nigerian crude grade
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Conoil Producing, the oil exploration company owned by Nigerian tycoon Mike Adenuga, has made a significant move within Africa’s energy sector by starting to export Nigeria’s latest crude oil variety, called the Obodo blend, onto the global stage. In April, led by Adenuga—the pioneering Nigerian business figure who achieved success in the oil sector—Conoil…
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Govt Unlikely to Meet Petroleum Levy Collection Target of $128.1B in International Edition
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It is unlikely that the federal government will achieve the Petroleum Levy collection target of Rs1281 billion set for the ongoing fiscal year, despite a steep increase of 30 percent in Petroleum Levy on petrol and high speed diesel during the past less than two months. During the initial nine-month period (from July to…
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ExxonMobil Pledges $1.5 Billion for Major Deepwater Oil Field Expansion
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ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years. The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final Investment Decision is…