First Independent Mena Newspaper
Libya’s National Oil Corporation (NOC) has announced plans to discontinue the oil-for-fuel system starting in March 2025, following a request from the Audit Bureau. The NOC has urged the Government to allocate the necessary funds for fuel supply operations, warning that any failure to do so will result in disruptions to critical services such as […]
Preparations are well underway for the African Heads of State Energy Summit that will take place in Tanzania’s capital Dar es Salaam on 27-28 January. The event aims to advance an ambitious plan to deliver electricity to 300 million Africans by 2030. The so-called Mission 300 Africa Energy Summit is a landmark event that will […]
Oil-dependent Libya needs to invest between $3 billion to $4 billion in order to reach a production level of 1.6 million barrels per day, acting oil minister Khalifa Abdulsadek told Reuters. In 2024, Libya was producing 1.4 million barrels per day, according to the National Oil Corporation. Oil represents up to 98% of Libya’s income. […]
At least 70 people have died in north-central Nigeria after a gasoline tanker overturned in the early hours of Saturday and exploded as locals attempted to salvage its fuel. According to eyewitnesses, community members rushed to the scene once the tanker crashed, hoping to collect leaking gasoline for personal use. A generator was then started […]
Farhat Bengdara, the head of Libya’s National Oil Corporation (NOC), has resigned due to health concerns, and Masoud Sulaiman has been appointed as the acting chief, the state-owned company confirmed on Thursday January 16. The resignation was accepted by Abdulhamid al-Dbeibah, head of the Government of National Unity, with Sulaiman now overseeing operations until a […]
In a remarkable move, the billionaire duo — Bill Gates and Jeff Bezos — have joined forces, pumping $537 million into mining ventures targeting rare metals across Africa. KoBold Metals, a US mining start-up backed by investors including Microsoft’s Bill Gates and Amazon’s Jeff Bezos, has raised $537 million in its latest Series C funding […]
The Petroleum Facilities Guard (PFG) – Southwest Branch of Libya- has called on all brigades responsible for securing the Al-Wafa oilfield to increase their level of readiness in response to what it described as “a matter of utmost importance.” The PFG urged all brigades to deploy to the field to bolster its protection, although the […]
Ghana’s newly elected President, John Dramani Mahama, has pledged to address the country’s long-standing power crisis, which has plagued the nation for the past decade. Sworn into office just over a week ago, President Mahama has already engaged with the various Independent Power Producers (IPPs) operating in the country, assuring them of his commitment to […]
In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]
The South Sudanese government and key oil companies have jointly announced the resumption of oil production and export at its Blocks 3 and 7 in the Upper Nile State with an initial output target of 90,000 barrels of crude oil per day. In a joint statement Tuesday (7 January), they said that normal operations have […]