Five Reasons to Invest in Senegal’s Rising Economy

Senegal, a country in West Africa, is experiencing significant economic growth and offers compelling reasons for foreign investors to consider investing in its emerging market. Here are five key factors that make Senegal an attractive investment destination: Senegal’s rising economy, competitive business climate, skilled labor force, modern infrastructure, and comprehensive legal and fiscal frameworks make it an appealing choice for international investors seeking new opportunities. Attending events like the MSGBC Oil, Gas, & Power 2023

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Mauritania’s Director General of Hydrocarbons, Petroleum, Energy and Mines Updates on Nouakchott Energy Hub and Infrastructure Project

Moustapha Bechir, the Director General of Hydrocarbons at the Ministry of Petroleum, Energy and Mines in Mauritania, recently participated in the Mauritanian ministerial panel at MSGBC Oil, Gas, & Power 2023. During the event, he shared insights into Mauritania’s energy hub in Nouakchott, plans for local content development, and infrastructure revamp strategies. Mauritania possesses several strategic assets that contribute to its energy sector. These include its favorable geographical location in proximity to Europe, a vast

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Elison Karuhanga Confirmed as Speaker at Invest in African Energy Forum Paris

The African Energy Chamber (AEC) (www.EnergyChamber.org), the voice of Africa’s energy sector, is pleased to announce that Elison Karuhanga, Partner at Kampala Associated Advocates, will be speaking at the Invest in African Energy Forum next month. The event is scheduled to take place at the Westin Paris Vendome in France on June 1st. Karuhanga will have the opportunity to showcase Uganda’s oil and gas sector and provide insights on the East African Crude Oil Pipeline

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Earthquakes Cause Severe Damage To Turkey’s Energy Infrastructure

Turkey’s energy infrastructure has suffered severe damage from the two earthquakes that shook Turkey and neighbor Syria yesterday, killing more than 3,000 people, according to the country’s government. The first 7.7-magnitude quake damaged a big port on the Mediterranean, Turkey’s Energy and Natural Resources Minister Fatih Donmez said, as quoted by news agencies, and later in the day, a fire broke out at the same port. Operations at the Ceyhan oil terminal were halted as a result of the

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Angola Showcases Mineral Potential to Drive Energy Transformation at Mining Indaba

Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said on monday 6thr feb in Cape Town that Angola has a high mining potential that can help in the process of energy transition. Diamantino Azevedo was speaking during the opening of the Mining Indaba international conference, which is being held from 6 to 9 February, in South Africa, under the slogan “unlock the future of mining in Africa”. The minister also made known that the

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African Petroleum Producers Organisation (APPO) head supports the Organisation of Oil Producing Countries (OPEC) production cut

The decision by OPEC was made following the 33rd OPEC and non-OPEC ministerial meeting on 5 October. The secretary-general of APPO, the African Petroleum Producers Organisation, has come out in support of the recent decision by OPEC to cut production by around 2%, on the side-lines of Africa Oil Week (www.Africa-OilWeek.com) in Cape Town. “It is a decision well taken,” said APPO secretary-general Dr Omar Farouk Ibrahim, on the sidelines of Africa Oil Week, being

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Angolan National Oil Company (NOC), Sonangol, to Participate at Angola Oil and Gas 2022 as Diamond Sponsor

Sonangol has officially been confirmed as a Diamond Sponsor at this year’s upcoming Angola Oil & Gas 2022 Conference and Exhibition Energy Capital & Power (https://EnergyCapitalPower.com) is proud to announce that Angola’s National Oil Company (NOC), Sonangol (www.Sonangol.co.ao), has been confirmed to participate at the Angola Oil & Gas (AOG) 2022 Conference and Exhibition (https://bit.ly/3Cdj47i) taking place on 29-30 November and 1 December in Luanda – as a Diamond Sponsor. Angola’s impressive energy developments continue

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Global Oil Flows Are Changing As Russian Crude Moves East

Russian oil flows are increasingly moving in an eastern direction, while fuels produced in the East will move in a western direction, Vitol’s chief executive Russell Hardy said at an industry event. “It’s going to go further and longer distances and find different markets, and in doing that it’s going to have to trade at a discount,” Hardy said of Russian oil, as quoted by Reuters. “You’re beginning to see that with fuel coming east that would

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Angola among four countries of strong investor interest

Angola is one of the few African countries that implements a mixed strategy of exploration of fossil fuels, without taking away the focus on renewable energies, making it a preferred destination for investors. “The energy transition in Africa needs to be orderly; as many countries have and will exploit fossil fuels, while developing a focus on renewable energies. Countries with high LNG potential, such as Angola, Mozambique, Tanzania and Nigeria, will see a sustained interest

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BlueRock board member steps down

Diamond miner BlueRock Diamonds, which is listed on the Aim and operates the Kareevlei diamond mine, in South Africa, says David Facey has stepped down from his board position with immediate effect. “I would like to thank David for his valuable contribution and unstinting support to BlueRock over the years and wish him well with his future endeavours,” chairperson Rob Croll comments. 

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