First Independent Mena Newspaper
Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said. The investment was discussed by Nigeria’s Vice President Kashim Shettima and the CEO of Exxon’s Nigeria operations Shane Harris on the sidelines of the U.N. General Assembly in New York, presidential spokesperson Stanley Nkwocha said […]
Italian oil company Eni announced on September 24 that it will begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with plans to launch an offshore drilling campaign in the Sirte Basin by the end of 2025. Speaking at the Libyan-Italian roundtable in Rome, Martina Obizzi, President of the North Africa and Levant region […]
The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. Some 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation, according to the World Bank. The WB said […]
The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]
Africa has secured 87% of global funding for crucial energy infrastructure, marking significant progress in the continent’s pursuit of sustainable and accessible energy solutions, a 2024 report from the World Bank and the Energy Sector Management Assistance Program (ESMAP) said. From 2021 to 2022, the number of people benefiting from mini-grids in Africa skyrocketed from […]
The Moroccan government is considering a carbon tax and plans to release a road map for its implementation next year to meet its climate goals, the Organization for Economic Co-operation and Development (OCDE) said. Morocco has an ambitious target to reduce emissions by 45.5% by 2030 relative to 2010 and to net zero by 2050. […]
A final deal involving all countries that will benefit from the gas pipeline that will connect Nigeria to Morocco is expected by year’s end, head of Morocco’s mines and hydrocarbons agency ONHYM Amina Benkhadra said. The project has been spearheaded by Morocco’s King as a key component of the Kingdom’s south-south cooperation approach. It has […]
Nigeria’s Aliko Dangote mega-refinery made its first gasoline deliveries on Sunday, September 15, marking a key step toward the country’s energy self-sufficiency. On Monday, the National Oil Company (NNPC) increased fuel prices by 11%, following its purchase from the Dangote refinery. After eight years of construction, delays, and negotiations, the Dangote refinery finally began operations. […]
Exports of thermal coal from the US to Africa increased 60% in the first half of this year to 5.3 million tons, compared with 3.1 MMst in the same period in 2023, the International Energy Agency said. In the first half of 2024, U.S. exporters shipped virtually all (98%) of this thermal coal to Egypt […]
The inaugural Senegal-Mauritania Economic Forum is scheduled for September 30 to October 1, 2024, at the Radisson Blu in Dakar. The event will center on the theme, “Economic Integration Amidst Energy Transition: The Role of the Private Sectors in Senegal and Mauritania.” Amidst a global shift toward energy transition, the Senegal-Mauritania Economic Forum seeks to […]