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/ 2 November 2007

State firms flex muscle in Africa oil boom

Africa’s state-owned oil firms are taking a bigger role in the rush to tap the continent’s energy resources and threatening to upstage the Western majors who have dominated exploration and drilling for decades. Governments from Luanda to Lagos are pushing for greater control and laying down increasingly stringent rules for the international firms.

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/ 20 September 2007

Oil prices stay above $82 a barrel

Oil prices kept rising on Thursday after reaching record highs in the previous session on United States refinery outages and declines in US oil inventories. A decline earlier in the day was reversed in part by worries over a potential tropical-storm threat to oil and gas installations in the Gulf of Mexico, analysts said.