A recent report has revealed that a shipment of Russian oil is on its way to storage tanks in Ghana, despite Ghana’s administration formally denying involvement in any such business. After the European Union’s decision to halt practically all seaborne imports from Russia in December, the development raises the possibility that dealers are searching the market for new consumers of Russian barrels. Moscow became heavily dependent on Chinese and Indian imports as a result of
An appeal regarding the contentious oil projects in Tanzania and Uganda by the energy corporation TotalEnergies was dismissed by a French court on yesterday, 28th February In the two projects, the Tilenga oil development and the East African Crude Oil Pipeline, six French and Ugandan activist organizations accuse the French firm of not doing all possible to safeguard people and the environment (Eacop). Both TotalEnergies and the plaintiff organizations were silent as of press time.
An official from Botswana’s finance ministry stated today 1st March that Botswana anticipates its mining sector’s production to remain flat this year as the diamond business loses its luster as a result of a decline in consumer spending and reduced demand for diamond jewelry. In 2022, the total mining production increased by 8.2%. Although Botswana is the continent’s biggest producer of diamonds, this year’s improvements in copper and coal will not make up for the
Africa-focused Gemfields it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village. The company’s project is located in the resource-rich northern Cabo Delgado province, which has become an epicenter of Islamic extremist insurgency. The violent rebellion, locally known as al-Shabab (though it is distinct from the similarly named group in Somalia), broke out in October 2017. Since then it has claimed more than 4,500 lives and displaced over
The Institute for Development and Economic Planning (IDEP) held on Saturday 25 February a webinar on “How Africa can go green through a clean energy strategy” in preparation for the 9th Session of the Africa Regional Forum on Sustainable Development scheduled to take place in Niamey (Niger) from 28 February to March 2nd, 2023. Urbanization and population growth are putting intense pressure on Africa’s energy infrastructure. Demand is significantly outstripping supply leading to power cuts
The African Energy Chamber (AEC) the voice of the African energy sector – in partnership with global energy market research and intelligence company S&P will host the Dubai leg of the Invest in African Energy event on March 30, to showcase investment and partnership opportunities across Africa’s burgeoning energy sector. Following successful Invest in African Energy receptions held across Europe in London (U.K.) Oslo (Norway) and Frankfurt (Germany) in 2023, the Dubai edition aims to enhance energy cooperation
Tanzanian billionaire Rostam Aziz, who is building a multibillion-shilling cooking gas plant in Dongo Kundu, says he will tap innovative technologies to handle imports and supply chain, ultimately lowering consumer prices. The entry of Taifa Gas, a liquefied petroleum gas (LPG) firm, into the local market is expected to trigger price wars for handling and evacuating cooking gas from the ships to the mainland, allowing dealers to transfer the cost relief to consumers. Construction of
During the next five years, the Petroleum Authority of Uganda (PAU) expects that Uganda’s land acquisition procedure for oil and gas infrastructure will be a model for best practices in megaprojects both within and outside of Uganda. The PAU director of legal and corporate affairs, Mr. Ali Ssekatawa, stressed via an article the necessity of a well-organized compensation and resettlement scheme for those impacted by any large infrastructure project to succeed. This subject has been
Diamond exports from the Democratic Republic of Congo (DRC) to Belgium increased by 12% in 2022. During this period, the country officially exported 11.68 million carats of diamonds against 12.68 million in 2021. According to statistics made public in February 2023 by the Ministry of Mines, the share of the United Arab Emirates in these exports has fallen by 10%, from 60% to 50% in one year, while that of Belgium has increased. to reach
The European Union managed to exceed the goal of cutting demand for gas this winter, according to new data from Eurostat. Eurostat data shows that the European Union’s winter demand has fallen by 19 percent compared to the five-year average, beating the 15 percent target it has set for itself to help it survive the winter. The biggest drop was in Finland, which reduced its use by nearly 60 percent. Lithuania had the second biggest drop, down
