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Ghana has already lost $1.04 billion in the Oil Sector due to COVID-19 pandemic

The Director-General of the Ghanaian Petroleum Regulator, Egbert Faibille Jr, revealed that the COVID-19 pandemic has caused a shortfall of $1.04 billion for Ghana. Exploration is said to be the...
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Solar X Secures Financing from EAV for Development of Solar Market for Businesses in West Africa

Energy Access Venture (EAV), a seed investment fund that invests in renewable energy in Africa has aided Malian-based solar company, SolarX, in securing a Class/Series A funding for its intended...
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IFC Provides COVID-19 Relief to Mauritania through Addax Energy

The International Finance Corporation (IFC) is set to provide $35 million as part of a $200 million credit facility arranged by Societe Generale to aid Addax Energy SA in delivering...
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Guinea: AFC Sings Joint Development Agreement with Brahms Oil Refineries

The Africa Finance Corporation (AFC) has signed a Joint Development Agreement (JDA) with Brahms Oil Refineries Limited on the development and financing of a petroleum storage and associated refinery project...
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Nigeria: DPR Announces it has Received Over 600 bids for the Ongoing Bid Rounds of Marginal Oilfields

The Department of Petroleum Resources (DPR) in Nigeria has announced that over 600 companies have already applied to be prequalified for the ongoing bid rounds of the marginal oilfields in...
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Embassy of Switzerland in Zimbabwe Switches to Renewable Energy

The Embassy of Switzerland in Harare, Zimbabwe, through its eight large solar panels can now generate up to 160 kilowatts (KW). During the joint commissioning with the Minister of Energy...
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Namibia/Botswana: ReconAfrica Completes Technical Evaluation in the Kavango Basin

Reconnaissance Energy Africa (ReconAfrica) has announced the completion of a comprehensive subsurface evaluation delineating large scale, prospective conventional hydrocarbon-bearing structures in the entire Kavango Basin. ReconAfrica is a junior oil...
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Botswana: Minister, BERA Warns Against Hoarding of Fuel and Illegal Sales

The unprecedented demand for fuel in Botswana which has seen the demand days gone up folds in recent days, and has caused long queues at commercial fuel stations has prompted...
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Republic of Congo: Zenith Energy Enters into a Joint Venture Agreement for oil production license

Zenith Energy has entered into a joint venture agreement with a local oil and gas company in the Republic of Congo. The main aim of the agreement is the potential...
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Nigeria: Sulzer Chemtech Selected as the Sole Supplier to Dangote Refinery

Swiss industrial engineering and manufacturing firm, Sulzer Chemtech, has been announced to be the sole supplier of column internals, packings, and trays for the Dangote Integrated oil refinery and petrochemical...
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