Tag: Africa

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PwC Projects Much of Africa’s Gas Supply will Come from Nigeria from 2021

In its Africa Oil and Gas Review 2020, themed “Energising a new tomorrow,” PriceWaterhouseCoopers (PwC) encouraged African countries to be strategic in their energy transition plans while exploring opportunities in...
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Egypt Had the Highest Discoveries of Oil and Gas Reserves in Africa in 2020

According to statistics, despite the widespread of a global pandemic, low oil prices and reduction in demand in supply in 2020, Egypt had the highest number of hydrocarbon deposits discoveries...
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Zenith and Fleet Oil & Gas Enter CA for Acquisitions in the Mediterranean, Middle East and Africa

Zenith Energy has announced it has entered into a Cooperation Agreement (CA) with a privately-owned oil and gas company, Fleet Oil & Gas, to jointly identify and pursue oil and...
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African Countries Exported Highest Bopd for 10 months to India in August

The world's third biggest oil-importer, India, shipped in about 3.95 million barrels per day (bpd) of oil in August, jumping to the country's highest in 10 months. Recent shipping data...
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EBRD grants $54 million to Acwa for Solar Power Plant in Egypt

The European Bank for Reconstruction and Development (EBRD) has provided $54 million to Acwa Power for the construction of the Kom Ombo solar photovoltaic power plant. The clean energy solar...
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Mozambique: Afrexim to Fund LNG Project with $400 million

The African Export-Import Bank (Afreximbank) is aiding the financing of Mozambique's Area 1 Liquefied Natural Gas (LNG) project through guarantees and direct lending of up to $400 million. The $24...
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Sierra Leone Appoints Minister of Mines and Mineral Resources

Musa Timothy Kabba and Mrs Ann Marie Harding have been appointed Minister and Deputy Minister of Mines and Mineral Resources of the Republic of Sierra Leone, respectively. The young vibrant...
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Nigeria Signs Bilateral Agreement with Israel for Green Energy Development

The State of Israel and the Federal Republic of Nigeria on Wednesday 29th July 2020, signed a bilateral agreement on the development of green energy in Nigeria. This was the...
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AFRICAN OPEC MEMBER COUNTRIES OIL & GAS FIGURES FOR 2019

According to the 2020 OPEC Annual Statistical Bulletin, these are the Petroleum facts and figures for the African member countries for 2019. Kindly note that crude oil exports may include...
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Nigeria: FG Encouraged to Completely Halt Fuel Subsidy

The latest figures released in the Monthly Financial and Operations March 2020 report shows fuel subsidy cost the nation 101.6 billion Naira from January - March 2020. The country spent...
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