Sub-Saharan Africa offers opportunity for a $193-billion investment in renewable energy sector by 2031, including utility-scale wind, solar, storage and transmission projects, which may yield an internal rate of return of 15% to 21%, much higher than with similar projects in Europe and the United States, according to a new study. “Africa represents a significantly […]
Dozen disenchanted youths in the southern Algerian city of Ouargla made headlines when they threatened to set themselves on fire following the example of Tunisia’s Mohamed Bouazizi. The deplorable living conditions in Ouargla and other oil and gas producing regions in southern Algeria stand in stark contrast to the well-off north of the country where […]
Libya authorities in charge of the country’s oil production indicated Tuesday oil production has increased 1.025 million barrels per day after a three-month decline owing to a wave of closures of oil fields and ports, Libya Observer reports. Chairman of the National Oil Corporation (NOC), Farhat Ben Qadara, and the Minister of Oil and Gas, […]
