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6 results for "oil revenue"
Norway's $2 trillion sovereign wealth fund, built entirely from oil revenues, just put $425 million into an Eastern Washington solar project. The surprising shift shows even oil-rich nations are betting big on renewable energy's future.
A federal committee has verified that Cross River State owns 119 oil wells that have been generating revenue for neighboring Akwa Ibom State since 2008. The finding could restore billions in annual income to Cross River and resolve a nearly two-decade dispute.
A former presidential candidate says Nigeria's shoe and garment hub in Aba has untapped potential to rival the country's oil earnings. With the right support, the city could transform Nigeria's economy from consumption to production.
One of the world's largest investment funds is putting billions behind renewable power projects. Norway's sovereign wealth fund, built on oil revenues, is now bankrolling the clean energy transition.
Nigerian President Bola Tinubu just ordered all oil and gas revenues to flow directly into public accounts, ending a system where state oil companies kept billions for themselves. The sweeping reform aims to ease budget pressures across federal, state, and local governments.
Following a major political shift in Venezuela, Catholic bishops are leading a powerful call for national healing. Their plan centers on freeing political prisoners, helping the poor with oil revenues, and bringing the country together.