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Gas International News

Ivory Coast Expedites Development of Gas Blocks

23, August, 202323, August, 2023

The Ivory Coast’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa Coulibaly, has announced the country’s plans to fast-track the development of gas reserves in Blocks CI-523 and CI-525. The aim of these plans is to strengthen the resilience of the local electricity market through the provision of gas-fired power generation. “These deposits, which have been awaiting development for several decades, require integrated development, which will boost our natural gas production capacity,” said the Minister.

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Infrastructure International News Petroleum

Africa Finance Corporation (AFC) Invests $95.25M in Uganda’s Petroleum Logistics Infrastructure

23, August, 202323, August, 2023

The Pan-African multilateral development financial institution, the Africa Finance Corporation (AFC), will invest $95.25 million in Uganda’s petroleum logistics infrastructure. The investment will be directed towards the oil and gas company Mahathi Infra Uganda. The funds will be used to finance the construction of two self-propelled barges for operation on Lake Victoria. The financing will also support the development of 14 petroleum storage tanks, 20 truck loading bays, a jetty, and a parking lot with

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Diamonds International News

LUCARA DIAMOND CORP. FINDS 692.3-CARAT DIAMOND AT KAROWE MINE

23, August, 202325, August, 2023

Lucara Diamond Corp. has recovered a 692.3-carat diamond from its Karowe mine in Botswana, the second massive rough from the deposit this month. The white, type IIa stone came from the EM/PK(S) unit in the south lobe, known for its large, high-quality rough, Lucara said on Monday 21st of August. The miner found the diamond via its XRT unit, which uses X-ray technology to identify huge stones in large pieces of ore before they get broken up.

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International News Petroleum

Ghana to increase petrol and diesel prices by 5.7%

22, August, 202322, August, 2023

Prices of petrol and diesel are likely to increase averagely by about 5.7% over the current mean price of ¢12.45 per litre, for the next two weeks. The price of Liquefied Petroleum Gas is also expected to go up by about 11.9%. According to the Chamber of Petroleum Consumers (COPEC), the expected increase is due to the 11.00% rise in prices of finished products on the international market and the about 6.79% surge in the

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International News Petroleum

Mozambique’s Shipment of Fuel to Malawi Conveyed via Rail from Nacala

22, August, 202322, August, 2023

The company Nacala Logistics, which operates the northern Mozambican port of Nacala and the rail corridors from the port, has just started sending liquid fuels from Nacala to Malawi, by rail. The first operation, as reported in the latest issue of the Maputo daily “Notícias”, consists of 29 tanker wagons containing 1.1 million litres of diesel. Previously, fuel was supplied to Malawi by road from the central Mozambican port of Beira, and the Tanzanian city

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International News Renewable Energy

Hyphen, Itochu Speed Up Namibian Green Hydrogen Project with MoU

22, August, 202322, August, 2023

Green hydrogen development company Hyphen Hydrogen Energy has signed a Memorandum of Understanding (MoU) with import-export company Itochu Corporation to explore areas for potential collaboration on sub-Saharan Africa’s first fully vertically integrated green hydrogen project in Namibia. The agreement was signed on 8 August by Hyphen Hydrogen Energy CEO, Marco Raffinetti, and CEO of the Africa Bloc at Itochu Corporation, Shinya Ishizuka. The signing ceremony was witnessed by Japan’s Minister of Economy, Trade and Industry,

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Economy Local News Petroleum

Sonangol maintains leadership of the state’s consolidated assets

22, August, 202322, August, 2023

Sonangol continues to lead the ranking of the largest companies in the Public Business Sector (SEP), representing 57 percent of total aggregate assets in 2022, of 26.9 billion kwanzas. The ranking considers the balance sheets of 71 companies in the public sector that provided accounts within the time period determined by the Institute for the Management of Assets and State Participations (IGAPE). According to the data, Sonangol’s assets reached 15.4 billion kwanzas, followed by far by

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International News Petroleum

Mozambique’s Minister Urges Swift Return of TotalEnergies

22, August, 202322, August, 2023

The Mozambican government last week defended the resumption of the natural gas production project by the consortium led by French multinational TotalEnergies “as soon as possible”, pointing out that “the security conditions are in place”. “”There are very clear signs that the security conditions are in place,” said the Minister of Mineral Resources and Energy, Carlos Zacarias, speaking to journalists on the sidelines of the Ministry’s eighth coordinating council, which took place in the city of

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Energy International

Mozambique Nears Deal with Hydrocarbon Tender Winners

22, August, 202322, August, 2023

The Mozambican authorities are finalizing negotiations with the two consortia that won the sixth international tender for hydrocarbon exploration and production, but the contracts have yet to be approved and signed, the government said on last week. “The negotiations are almost over and, at the latest, by the end of this year, the contracts will be presented to the government, so that it can approve them, so that operations can begin,” said the Minister of

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Energy Gas International News

Nigeria, Algeria, and Egypt Set to Lead African Natural Gas Market in Global Energy Shift

22, August, 202322, August, 2023

From 2023 to 2027, Nigeria, Algeria, and Egypt are anticipated to control the African natural gas and liquefied natural gas (LNG) supply market, as the use of fossil fuel becomes unpopular globally. Data from the African Energy Chamber’s August 2023 State of African Energy report support this. The analysis estimates that Africa’s natural gas supply will be at 25.5 billion cubic feet per day (Bcf/d) in 2023, an increase of 1% from 2022. Meanwhile, long-term

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