The Ivory Coast plans to start building the Ferke Solar power plant in Sokoro, costing $63.5 million and boasting a 52 MW capacity. Government spokesperson Amadou Coulibaly revealed in April that construction will kick off in the second quarter of 2024, with operations targeted for the third quarter of 2025. The project, named Ferke Solar, originates from a January 2024 agreement signed with renewable energy firm PFO Africa, backed by Germany and the European Union.
South Africa’s National Oil Company (NOC) PetroSA is set to receive gas from Mozambique’s NOC ENH under a new sales deal, with initial deliveries expected later this year. Facilitated by PetroSA’s recent acquisition of a gas trading license, the deal involves an annual supply of 2 petajoules (PJ) of gas, with the potential to increase to 200 PJ over time. This initiative aims to mitigate impending gas shortages, particularly impacting industrial consumers such as steelmaker
Energy giant TotalEnergies has entered a memorandum of understanding (MoU) with Algerian state-owned energy company Sonatrach for the appraisal and development of gas resources in the North-East Timimoun region. The MoU outlines a work program for the development of gas resources while reducing costs and emissions at processing facilities at the Timimoun field. “This MoU reflects our shared willingness to expand our strategic partnership with Sonatrach,” stated Julien Pouget, Senior Vice President Middle East &
As one of the key strategic fuel storage facilities under Botswaba Oil , the Francistown Depot which services the northern part of Botswana is currently under expansion to add additional 60 million liters to the existing 38 million litres. On Monday , the Minister of Minerals and Energy, Hon. Lefoko Moagi, along with the Acting Permanent Secretary, Dr. Obakeng, the Director of Energy Mr. Midas Sekgabo, the Botswana Oil Board Chairman Mr. Martin Makgatlhe and
Mozambique’s Minister of Mineral Resources and Energy, Carlos Zacarias, has indicated that the current economic climate is conducive to the return of French multinational TotalEnergies to the Rovuma Basin Area 1 liquefied natural gas (LNG) project in Cabo Delgado province. Minister Zacarias emphasized that while market conditions and other factors may cause delays in project resumption, the prevailing situation suggests a favorable environment for TotalEnergies’ return. Security remains a primary concern, with TotalEnergies’ declaration of
South Africa’s Minister of Mineral Resources and Energy Gwede Mantashe has published the country’s draft Gas Master Plan (GMP2024) for public comment. Members of the public, stakeholders and industry experts are invited to give input until by no later than 15 June, 2024. “To mitigate against gas supply shortages between 2026 and 2030, it is quite urgent to engage within the region to establish enablers that could unlock additional supply potential,” the draft plan says. South
Egypt has announced temporary cuts to its liquefied natural gas (LNG) exports starting from May to address power shortages anticipated during the summer months. The move aims to increase gas availability within the country to meet rising electricity demands, amidst recurring power outages. The Ministry of Electricity estimates a daily requirement of approximately 105 million m3 of natural gas, along with 10,000 tons of diesel, with demand expected to surge to 135 million m3 of gas as temperatures rise
Anglo American is considering a sale of De Beers according to an article in the Wall Street Journal (WSJ) quoting “people familiar with the matter.” The diamond group has under-performed recently as the global diamond market has not recovered in terms of sales volumes and prices as expected. De Beers announced on Tuesday that it would cut its production forecast for 2024 by 10% to between 26m carats and 29m carats with Anglo CEO Duncan
Over the past year, fuel prices increased in several African countries. Most of Africa, especially its biggest nations, faced significant fiscal challenges at the start of 2023 and, consequently, the new year. However, these pressures are projected to be eased, as measures and initiatives are being put in place to curtail the energy inflation plaguing the continent. Rising petroleum prices rapidly impact costs associated with transportation, which puts pressure on the cost of products and
A company associated with the Abu Dhabi royal family has struck a massive €12 billion deal with South Sudan, involving oil repayment, raising questions about the country’s economic future. The Dubai-based Hamad Bin Khalifa Department of Projects (HBK DOP) has inked the agreement with South Sudan, as revealed in a confidential report reviewed by Bloomberg. The deal, signed between HBK DOP and South Sudan’s former finance minister, Bak Barnaba Chol, outlines repayment terms involving oil
