Egypt Awards Seven New Oil and Gas Exploration Blocks to International Companies

Egypt Awards Seven New Oil and Gas Exploration Blocks to International Companies The Egyptian Ministry of Petroleum and Mineral Resources has completed the evaluation process for seven new exploration and production blocks under the Egyptian General Petroleum Corporation, marking a significant step in the country’s strategy to attract new investments in the oil and gas […]

Ghana Gas and Public Oversight Committee Strengthen Energy Sector Transparency Partnership

Ghana Gas and Public Oversight Committee Strengthen Energy Sector Transparency Partnership The Public Interest and Accountability Committee has reinforced its collaborative relationship with Ghana National Gas Company Limited through a high-level delegation visit aimed at promoting transparency and operational efficiency in Ghana’s energy sector. Committee Chairperson Constantine Kudzedzi led the delegation to the Gas House […]

Egyptian Oil Company Norpetco Exceeds Production Targets with $100 Million Investment

Egyptian Oil Company Norpetco Exceeds Production Targets with $100 Million Investment The North Baharia Petroleum Company has achieved significant production milestones, surpassing 16,000 barrels of oil daily while implementing expansion plans backed by a budget exceeding $100 million. Chairman Khaled El-Sheshtawy announced the achievements during a meeting with Minister of Petroleum and Mineral Resources Karim […]

Libya Ends Oil-for-Fuel Barter System Amid Corruption Concerns

Libya Ends Oil-for-Fuel Barter System Amid Corruption Concerns High-level Libyan officials have held crucial discussions regarding the termination of the controversial oil-for-fuel barter system, focusing on its implications for public spending and state fund allocation. Attorney General Al-Siddiq Al-Sour, Central Bank Governor Nagy Issa, and National Oil Corporation Chairman Masoud Suleiman met to address the […]

Libya Faces New Oil Blockade Threats Despite Production Expansion Plans

Libya Faces New Oil Blockade Threats Despite Production Expansion Plans Libya’s ambitious plans to boost oil production to 2 million barrels per day by 2028 face significant challenges as political instability threatens to derail progress and potentially trigger new production blockades. The country’s Strategic Programs Office had been advancing plans to increase output from the […]

Uganda’s East African Crude Oil Pipeline Races Toward 2026 Completion at 62% Progress

Uganda’s East African Crude Oil Pipeline Races Toward 2026 Completion at 62% Progress Construction of the massive East African Crude Oil Pipeline has reached a critical milestone, with officials confirming the project is now 62% complete and on track to deliver first oil by June 2026. The ambitious 1,443-kilometer pipeline represents one of Africa’s most […]

Ivory Coast Unveils Ambitious Plan to Become Africa’s Fifth Largest Oil Producer by 2035

Ivory Coast Unveils Ambitious Plan to Become Africa’s Fifth Largest Oil Producer by 2035 The world’s leading cocoa producer is setting its sights on a dramatic transformation of its energy landscape, with government officials announcing plans to increase oil production more than fivefold within the next decade. Minister of Petroleum, Energy and Mines Mamadou Sangafowa-Coulibaly […]

Libya’s Oil Revenue Could Surge $20 Billion as Middle East Tensions Drive Brent Crude Past $100

Libya’s Oil Revenue Could Surge $20 Billion as Middle East Tensions Drive Brent Crude Past $100 Oil industry leaders are warning that escalating Middle East tensions could propel Brent crude prices beyond the $100-per-barrel threshold, potentially delivering a massive financial windfall to Libya’s struggling economy. Salem Al-Remih, head of Libya’s General Union of Oil Workers, […]

MOZAMBIQUE COURTS TURKISH INVESTMENT IN NATURAL GAS DEVELOPMENT

MOZAMBIQUE COURTS TURKISH INVESTMENT IN NATURAL GAS DEVELOPMENT Government highlights 200 trillion cubic feet reserves as strategic partnership opportunity The Mozambican government is actively pursuing Turkish investment in its natural gas sector, emphasizing the country’s enormous resource potential and strategic market position. Secretary of State for Industry Custódia Paunde highlighted that Mozambique possesses more than […]

AFRICA’S ENERGY TRANSFORMATION DRIVES $47 BILLION INVESTMENT SURGE

AFRICA’S ENERGY TRANSFORMATION DRIVES $47 BILLION INVESTMENT SURGE Continental policy reforms unlock massive capital flows as green momentum accelerates Africa’s energy sector is experiencing unprecedented transformation, with oil and gas investments reaching $47 billion in 2024 and projections of $43 billion by the end of 2025. This dramatic growth is being fueled by comprehensive policy […]