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Economy Gas Oil

Fuel supply mechanism discussed in the meeting

21, June, 202321, June, 2023

Experts involved in hydrocarbon exploration from the Republics of Angola and the Democratic Republic of Congo (DRC) analyzed the situation of the Common Interest Zone (CIZ) and the approach of the joint mechanism for the supply of petroleum products between Sonangol, Sonahidroc, and Cobil S.A. in Luanda yesterday, Tuesday 20. In the opening of the expert meeting, the Secretary of State for Mineral Resources, Jânio Corrêa Victor, emphasized Angola’s interest in complying with the timeline

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Economy Energy Petroleum

Disabled 50 fuel stations in Uíge

21, June, 202321, June, 2023

Over 50 fuel stations located in border areas were disabled during the first quarter of this year due to smuggling, low profitability for concessionaires, and location. This statement was made by Bruno Dito, a technician from the Department of Commercial Relations, Tariffs, and Prices of the Regulatory Institute for Petroleum Derivatives (IRDP). There are a total of 51 operational fuel stations, with only 37 currently in operation. Dito provided this information during the presentation of

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Economy Oil

Namibian entrepreneurs visit mining and oil projects

20, June, 202320, June, 2023

A delegation of Namibian entrepreneurs, led by the Deputy Minister of Mines and Energy, Kornelia Shilunga, will be conducting work visits to mining and oil projects in the provinces of Luanda, Lunda-Sul, Bengo, Benguela, and Cuanza-Sul from the 19th to the 28th of this month. The visit is part of the implementation of the Memorandum of Understanding (MoU) between Angola and Namibia, signed in the field of mineral resources and hydrocarbons. On the first day

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Energy Gas

African Energy Chamber and Gazprom Co-Host International Gas Roundtable to Address Economic Development and Global Role of Gas

20, June, 202320, June, 2023

African Energy Chamber and Gazprom to Host International Gas Roundtable to Discuss Economic Development and the Role of Gas on a Global Scale The African Energy Chamber (AEC) and Russia’s Gazprom are teaming up to organize the prestigious International Gas Roundtable, an exclusive event that focuses on the crucial role of gas in driving economic development. Scheduled to take place on June 22, 2023, at the esteemed Leonardo Hotel in Johannesburg, the roundtable aims to

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Economy Energy Gas Oil

Key Governance Policies to Foster Growth in the MSGBC Region

20, June, 202320, June, 2023

With promising projects coming online this year, such as the Sangomar oil project in Senegal and the Greater Tortue Ahmeyim development located on the Senegal-Mauritania maritime border, it has become critical for MSGBC countries to establish effective governance policies to maximize the benefits of new energy supplies introduced to the market. Implementation of Special Economic Zones Special Economic Zones (SEZ) or free zones could be established between MSGBC governments and private sector operators to attract

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Economy Oil

UAE, Saudi Arabia, and Oman: Top 5 Oil and Gas Project Launches to Watch Out For

20, June, 202320, June, 2023

Despite increasing calls from climate activists, the Middle East is expected to commence over 600 projects between 2023 and 2027, according to data from GlobalData Energy. Out of these, upstream projects would be 81, midstream would be 141, the refinery at 84, and petrochemicals would be the highest with 315 projects. Here is a list of the top 5 recent oil and gas project launches that you need to know about. Despite the increasing focus

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Gas Oil

Revealed: Iraq Unveils Details of Oil and Gas Licensing Round

20, June, 202320, June, 2023

Iraq’s Ministry of Oil has unveiled the locations of the 11 exploration sites for the sixth licensing round, clarifying the eligibility criteria for participating companies, according to press reports. All the exploratory sites for this licensing round are located in the western region. Muhammad Al-Saadi, Assistant Director General of the Petroleum Contracts and Licenses Department at the Ministry, said that these sites are mostly unexplored and cover an expansive area ranging from 6,000 to 9,000

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Economy Oil

Angola and Dominican Republic Forge Partnership in Oil and Gas Industry

20, June, 202320, June, 2023

Angola and the Dominican Republic have held a meeting to explore potential collaboration in the field of oil and gas development. The discussion took place between María Cándida Pereira Teizeira, Angola’s Ambassador to the Dominican Republic, and Eng. Antonio Almonte, the Caribbean country’s Minister of Energy and Mines. During the meeting, the parties discussed how Angola, being the largest oil producer in sub-Saharan Africa and having significant mining experience, could assist in enhancing the Dominican

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Economy Gas Oil

Kuwait Appoints New Oil Minister

19, June, 202319, June, 2023

Kuwait has announced the appointment of Saad Al Barrak as the new oil minister, replacing Bader Al-Mulla. The formation of a new cabinet and the appointment of Al Barrak were carried out by Sheikh Ahmad Nawaf Al-Ahmad Al-Sabah, who was re-appointed as the prime minister the previous week. The announcement of the new cabinet was made through a decree published by the state news agency KUNA. In addition to the new oil minister, Kuwait also

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Economy Energy Renewable Energy

Dubai Inaugurates World’s Largest Solar Park

19, June, 202319, June, 2023

Dubai has recently inaugurated the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is now the largest single-site solar park in the world. With a planned capacity of 5,000 megawatts (MW) by 2030, the solar park currently has a capacity of 900 MW. This phase of the project aims to provide clean energy to around 270,000 residences in Dubai and is expected to reduce carbon emissions by 1.18 million tonnes annually.

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