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BLACKRIDGE
Logistics, Downstream Players To Promote Angola As A Regional Hub At Aog 2024Angola will launch its next upstream licensing round in Q1, 2025, offering 10 blocks for exploration in the Kwanza and Benguela Basins. The round is expected to boost investments in undeveloped acreage. To support the development of new concessions, Angola is prioritizing the upgrade and expansion of logistics and downstream infrastructure, targeting efficient distribution to solidify the country’s status as a regional petroleum hub.
The Angola Oil & Gas (AOG) conference – taking place October 2-3 in Luanda – features speakers from major logistics and downstream companies active in Angola. Participating in panel discussions and leading technical workshops, speakers will draw insight into Angola’s infrastructure pipeline, providing updates on projects, new investments and regional expansion opportunities.
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Operator of an onshore supply base near the capital city of Luanda, Sonangol Integrated Logistics Services (SONILS) supports up to 65% of the country’s daily oil production through services related to cargo handling, engineering, development and lease of specialized oil and gas facilities. Given the base’s modernized design, neighboring Namibia aims to replicate SONILS’ base to support its own oil and gas projects. A tripartite agreement was signed to this effect between Angola’s NOC Sonangol, Namibia’s NOC Namcor and the Namibian Ports Authority in 2024. During AOG 2024, SONILS Managing Director Anabela Marcos; Commercial Director Joaquim Chipuco; and Deputy Managing Director Paulo Henriques will unpack the impacts of the base on Angola’s production goals.
Multimodal logistics operator Africa Global Logistics (AGL) launched the AGL Lobito Terminal in Angola in April 2024. The container and multipurpose terminal – situated at the Port of Lobito – has the capacity to handle more than one million tons of bulk goods per year and affirms the country’s role as a regional logistics hub. At AOG 2024, AGL’s Country Manager for Angola Jean Yves-Lunot will explore the role the terminal can play in supporting oil and gas trade within southern Africa.
Delivering innovative market solutions to Angola’s oil and gas industry, Angolan logistics and supply chain management company Cabship signed an MoU in 2023 with maritime services provider Octomar for the creation of a diving and offshore marine support company in the Cabinda Special Zone. The newly-formed company will offer comprehensive subsea and offshore maritime support services for Angola’s oil and gas industry. Cabship General Manager Luis Silva will provide an update on the company, unpacking how logistical support is driving efficient operations across the industry.
Meanwhile, global logistics and shipping company DHL is gradually expanding its presence across southern Africa. In Angola, the company supports the oil, gas and energy sectors through international and domestic transport logistics services including road, shipping, warehousing and industrial projects. Egídio Monteiro, CEO of Southern Africa DHL will share insight into strategies for driving efficiency in transport and logistics at AOG 2024.
Across the broader economy, companies to the likes of multinational commodity trader Trafigura connect producers and consumers of minerals, metals and energy through the deployment of infrastructure and logistics. The company is part of the Lobito Atlantic Railway Consortium, which was awarded a 30-year concession for the operation, maintenance and management of the Lobito railway – connecting the copperbelts of the DRC and Zambia to global markets via Angola’s Port of Lobito. Matthieu Milandri, Head of Upstream Finance at Trafigura, will discuss how the company supports the upstream energy industry, detailing strategies for raising capital to support projects.
Also joining the AOG 2024 conference is Nweba, the first Mozambican company dedicated to procurement and logistics for the construction, oil, gas, mining and energy sectors. Mozambique is expected to become a major LNG exporter in the next decade, with the country exporting its inaugural LNG cargo from the Coral Sul project in 2022. Eugenia Langa, CEO of Nweba will explore the value regional collaboration across the logistics industry can play in southern Africa and the role Nweba is poised to play in supporting Mozambique’s energy developments.
For more information on the AOG 2024 program, visit https://angolaoilandgas.com/attend/conference-programoil-gas
Aug 22, 2024
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Wärtsilä Expands O&M Agreement For Madagascan Power PlantTechnology firm Wärtsilä has signed an expanded Operations and Maintenance (O&M) agreement with mining company QIT Madagascar Minerals (QMM) – a subsidiary of mining group Rio Tinto – for a power plant situated at QMM’s ilmenite mineral sands mine at Fort Dauphin in Madagascar. The renewed deal incorporates a Decarbonization Agreement to further reduce emissions by optimizing renewable energy at the mine’s mini-grid system.
The extension will optimize energy assets at QMM’s 24 MW engine power plant at the mine, enhancing renewable energy use and reducing costs by utilizing Wärtsilä technology. Key components include the optimized dispatch of six Wärtsilä 32 engines, battery energy storage and renewable assets using Wärtsilä’s GEMS Digital Energy Platform – software which leverages machine learning to maximize renewable energy utilization.
“This agreement strengthens our long-lasting partnership with QMM. By working in close cooperation with the customer, we are able to ensure a reliable and sustainable power supply to the mine,” said Kenneth Engblom, Vice President, Africa & Europe at Wärtsilä Energy.
Wärtsilä signed the initial O&M agreement in 2008 for the mine’s power plant. The hybrid power plant supplies electricity to both the mine and the nearby town of Fort Dauphin.
“The reliability and efficiency of the power plant are critical to our operations,” stated Jean-Francois Richer, Director Integrated Operational Services at QMM. “The renewed agreement allows us take advantage of Wärtsilä’s competence in power system optimization and use renewables in the most efficient way, supporting Rio Tinto’s decarbonization objectives and sustainable mining vision.”oil-gas
Aug 22, 2024
BLACKRIDGE
Msgbc 2024 To Position Offshore Discoveries As Catalyst For Regional GrowthMajor milestones in the MSGBC region’s oil and gas sector in 2024 have positioned the bloc as one of the most promising exploration and production frontiers globally. A strong slate of projects, including Senegal’s Sangomar oilfield project, the cross-border Greater Tortue Ahemyim (GTA) conventional gas development and Ivory Coast’s Calao discovery, place the region at the forefront of hydrocarbon investment and development in Africa.
This year’s MSGBC Oil, Gas & Power 2024 conference – taking place in Dakar from December 3-4 – will feature a strategic panel session that aims to dissect the implications of these advancements, examining the opportunities and challenges in unlocking the offshore hydrocarbon potential of West Africa. Titled, Emerging Frontiers: Leveraging New Discoveries for Growth in West Africa, the session will examine the impact of recent discoveries in the region and how service companies can adapt and equip themselves to meet the growing needs and economic benefits of oil and gas exploration.
Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.msgbcoilgasandpower.com to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
This year, Senegal joined the ranks of oil-exporting countries when it loaded its first crude cargo from the Sangomar oil project onto the Maran Poseidon crude tanker. The $5.2 billion Sangomar field development is operated by global energy company Woodside Energy and aims for an initial production of 100,000 barrels per day. With 16 offshore blocks available for tender, on track for first gas production from the GTA gas development later this year and home to the massive Yakaar-Teranga gas development, Senegal is poised to become a major player in the exploration and production space in the MSGBC region.
Additionally, serving as a major development for the region, the discovery of oil in Ivory Coast’s Calao concession has the potential to address local energy needs while turning the country into a major oil, gas and condensates producer. Situated in Block CI-205, the Calao discovery is the second largest oil discovery in Ivory Coast following the discovery of the Baleine field in 2021, which commenced production in August 2023.
In The Gambia, offshore prospects offer significant potential for play-opening discoveries. Last year, the country extended independent oil and gas company FAR’s permit for Block A2 and A5 until September 30, 2025, with reduced annual fixed costs. Meanwhile, national oil company (NOC) the Gambia National Petroleum Corporation (GNPC) signed a memorandum of understanding with global energy company the Nigerian National Petroleum Corporation in 2023 to explore and develop crude oil in the country, which entails geological studies, seismic data analysis and potential drilling activities. GNPC Managing Director Baboucarr Njie will share insight into the investment opportunities across the country’s oil and gas value chain during the emerging frontiers panel discussion.
Meanwhile, bidding terms for a proposed 22-block licensing round in Guinea-Conakry are currently being finalized and are expected to generate interest from global exploration and production players seeking to find success in the MSGBC basin. Expected to promote unexplored opportunities in off- and onshore acreages in West Africa while introducing potential investors to domestic infrastructure projects, the Director General of Guinea-Conakry’s NOC Société Natinoale des Pétroles (SONAP) Moussa Cissé will also participate in the panel session.
Multinational energy company Oando completed its acquisition of energy supermajor Eni subsidiary Nigerian Agip Oil Company – which holds interests in onshore OMLs 60, 61, 62 and 63, as well as the Brass LNG terminal – in July 2024. The move aims to transform the company into one of Nigeria’s largest oil producers and doubling its reserves to 996 million barrels of oil equivalent. Following this acquisition, the MSGBC session will also feature the participation of Oando CEO Adewale Tinubu, who is poised to discuss the company’s role as an indigenous explorer in the region.
“As the MSGBC region solidifies its status as a key player in global hydrocarbon exploration, this dedicated panel session will be crucial in mapping out the future of the industry. The session will explore how recent discoveries can drive economic growth and create new opportunities for investment,” states Energy Capital & Power Project Director Sandra Jeque.oil-gas
Aug 22, 2024
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2,492-Carat Diamond Recovered In BotswanaDiamond mining company Lucara Diamond Corp. has discovered a 2,492-carat diamond from its Karowe mine in northeastern Botswana. The stone is the second largest rough diamond ever discovered.
The diamond, which is still being evaluated, was identified using Lucara’s Mega Diamond Recovery X-ray Transmission (XRT) technology.
“This find not only showcases the remarkable potential of our Karowe mine, but also upholds our strategic investment in cutting edge XRT technology,” stated Lucara Diamond Corp. President and CEO William Lamb, adding, “This discovery reinforces Karowe’s position as a truly world-class diamond mine and highlights the continued success of our operational and underground development strategy.”
The discovery follows other significant finds at the Karowe mine, which include the 1,758-carat Sewelo and the 1,109-carat Lesedi La Rona diamonds.oil-gas
Aug 22, 2024
BLACKRIDGE
How African Pipeline Projects Are Securing Billions In FinancingAfrica is rolling out several transformative midstream projects, which aim to deliver the continent’s hydrocarbon resources to energy-hungry markets. To accelerate access to finance for these capital-intensive projects, strategies such as de-risking investments through government guarantees, leveraging blended finance models and enhancing cross-border regulatory tools and frameworks are being employed. The annual Invest in African Energy forum in Paris – which connects African energy and infrastructure projects with global investors – will unite traditional lenders and alternative sources of capital to advance Africa’s major pipeline projects and broader energy development goals.
EACOP Targets Chinese Lenders
The $5-billion East African Crude Oil Pipeline (EACOP) has already raised $2 billion in equity funding from its developers – namely, French multinational TotalEnergies, China National Offshore Oil Corporation, Uganda National Oil Company (UNOC) and Tanzania Petroleum Development Company. Designed to transport crude oil from Uganda’s oil fields to the Port of Tanga in Tanzania, the 1,443-km pipeline is seeking an additional $3 billion in debt financing, which it aims to secure from Chinese financiers including the Export-Import Bank of China and China Export & Credit Insurance Corporation (Sinosure). In June 2024, UNOC invested an additional $35 million in the project to help bridge the gap between equity and debt financing. The majority of the project’s budget will be allocated to the engineering, procurement, construction and management contractor and the supply of pipeline equipment, including line pipes and pumping stations. The project is being financed on a 60:40 debt-equity ratio and is on track to be one of the largest investments made in both Tanzania and Uganda to date.
AKK Pipeline Secures Sovereign Guarantee
The Ajaokuta–Kaduna–Kano (AKK) project is a strategic gas infrastructure initiative in Nigeria, designed to transport natural gas from the southern Niger Delta region to the northern part of the country. The 614-km pipeline will support several gas-fired power plants along its route, including new facilities in Kaduna and Kano, and is expected to significantly improve power availability in Nigeria’s northern regions through the addition of 3,600 MW to the national grid.
With an estimated cost of $2.6 billion and target completion date of 2025, the project is being financed through a combination of public and private funds, with the state-owned Nigerian National Petroleum Corporation serving as the primary financier.
The project has also secured international lenders including the Industrial and Commercial Bank of China and Bank of China, underscoring China’s strategic interest in Nigeria’s energy infrastructure. The Nigerian Federal Government has provided a sovereign guarantee to secure the loans – backing 85% of the total pipeline cost – which has proven critical to assuring lenders of the project’s viability and commitment to its completion.
NMGP Establishes Investment Company
Set to become the second-longest pipeline in the world, the Nigeria-Morocco Gas Pipeline (NMGP) will cross 13 African countries, helping to meet the energy demand of 400 million West Africans, while delivering Nigerian gas to Europe. A final investment decision – estimated at $25 billion – is expected to be made by the end of this year. The project has already garnered significant funding from OPEC, which is currently being used to fund the Front-End Engineering Design study. Topographic surveys covering Morocco, Mauritania and Senegal were also launched in May 2024. To coordinate the financing, construction and operations of the planned pipeline, Morocco’s National Office of Hydrocarbons and Mining has announced the establishment of a dedicated company later this year, the capital of which will be open to global investors.
IAE 2025 is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.invest-africa-energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.oil-gas
Aug 22, 2024
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Cma 2024 – Investment Forum To Unlock New Finance For African Critical MineralsAfrica requires more than $700 billion in finance over the next decade to fully harness the critical minerals and metals needed for the energy transition. As part of the upcoming Critical Mineral Africa (CMA) Summit in Cape Town this November, the event will organize a dedicated Investment Forum, aimed at unlocking capital across the value chain, from exploration and mining, to infrastructure development and refining and processing.
The forum will dive into relevant investment opportunities across the spectrum of Africa’s critical minerals and rare earth projects, with a focus on creating an enabling environment to attract key producers and buyers. Panelists include Mark Taylor, CEO of Cala Capital Africa; Shirley Webber, Head of Natural Resources & Energy at ABSA; Jude Kearney, Chair of the Sub-Saharan Africa Committee of the U.S. Export-Import Bank and Managing Partner of ASAFO & Co., US Office; Mametja Moshe, CEO of Moshe Capital; and Thabiso Sekano, SBU Head: Mining and Metals at the Industrial Development Corporation.
CMA is the largest gathering of critical mineral stakeholders in Africa. Taking place from November 6 – 7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year’s edition takes place under the theme Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth, connecting African mining projects and regulators with global investors and stakeholders to untap the full potential of the continent’s raw materials. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Africa’s critical minerals and rare earths offer significant investment opportunities, driven by global demand for materials vital to the energy transition. Despite holding 30% of the world’s mineral reserves, much of Africa remains underexplored, creating a demand for advanced geological surveys and exploration. Key focus areas include increasing processing and refining capacity, with projects like Tanzania’s geophysical surveys and potential cobalt sulfate refineries in Zambia. The Investment Forum will highlight how enabling environments, like those in Botswana and Namibia, attract foreign investment by offering market stability, clear policies, and incentives.
If you would like to sponsor, exhibit or attend as a delegate, please contact sales@energycapitalpower.com.oil-gas
Aug 22, 2024
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Rwanda: Aterian To Start Drilling At Lithium Project In SeptemberMining exploration company Aterian – operating a joint venture with mining group Rio Tinto – will start drilling at the HCK lithium project in September 2024. The company received positive soil sample results indicating the presence of lithium-bearing minerals at the mining project – located in Southern Rwanda.
Asterian is now advancing to the drill planning stage, focusing on the HCK-1 area, where five drill holes are planned to evaluate the pegmatites’ potential. Preparatory work is set to begin by the end of August 2024, with drilling expected to start by late September 2024.
“An extension of the comprehensive ground soil sampling program was completed in Q1 and covered key target zones within the HCK project area. These preliminary results represent a crucial milestone in our ongoing exploration efforts and provide a strong basis and analytical framework for the next phase of exploration, the drill program,” stated Charles Bray, Chairman of Aterian.
The 2,274 auger soil samples collected in Q1 2024 have enabled Aterian to refine its geological model and gain a deeper understanding of the area’s subsurface structures. The company is currently engaging in drill targeting, with earthwork proposals for drill pads and access received and community discussions held.oil-gas
Aug 22, 2024
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Drc Hydrocarbons Minister Joins Aog 2024 Amid Exploration DriveThe Democratic Republic of the Congo’s (DRC) newly-appointed Minister of Hydrocarbons Aimé Sakombi Molendo has joined the Angola Oil & Gas (AOG) conference – taking place October 2-3 in Luanda – to discuss opportunities for regional collaboration in the oil and gas sector. Minister Molendo has expressed his intention to implement bold reforms to enhance transparency, efficiency and the overall attractiveness of the industry in the DRC, with the aim of supporting new investments and commercial finds. Collaboration with Angola – sub-Saharan Africa’s second largest oil producer – will further support this objective.
With up to 5 billion barrels of estimated oil reserves, the DRC is inviting investors to seize opportunities in the country’s largely undeveloped upstream sector, and recent exploration milestones are expected to entice new investors. Specifically, independent hydrocarbon producer Perenco – through its offshore DRC subsidiary Muanda International Oil Company – made an oil discovery at the Moke-East well in the DRC coastal basin in 2024. Part of a broader campaign to unlock further hydrocarbon resources in the country, the well represents the first discovery made in the DRC in three decades.
To maintain upstream success, the country is currently seeking applications for its 2022 Bid Round, offering 24 blocks for exploration. Bidding will close in Q3, 2024, with 6 contracts already awarded. Additionally, licenses for three Lake Kivu gas blocks were awarded to North American energy companies Symbion Power, Winds Energy & Production and Alfakiri in January 2023, paving the way for the development of a $300 million, 60 MW gas-to-power project. To further support upstream investments, the DRC launched an upstream market expansion initiative in 2022, aimed at unlocking oil reserves valued at up to $650 billion.
Beyond upstream investments, the country is strengthening its collaboration with regional neighbors to stimulate development and resource monetization. The DRC signed an agreement with Angola in July 2023 for the joint development of the Chevron-operated Block 14 – situated on the maritime border of the two countries. Formalizing nearly two-decades of negotiations, the agreement defines the terms and general principles of exploration activity as well as production sharing and ownership. In addition to block development, the agreement is poised to encourage further investment from Chevron as well as other investors seeking offshore opportunities. The respective national oil companies of the DRC and Angola also signed an oil by-products agreement in December 2023, supporting cross-border petroleum trade.
Minister Molendo’s participation at AOG 2024 serves to further strengthen collaboration between the DRC and Angola. With over 75% of Angola’s crude production derived offshore, the country offers significant insights for an emerging player such as the DRC. During the AOG 2024 conference, Minister Molendo will deliver a keynote and is also joining a panel discussion on Bridging Borders: Leveraging the Oil & Gas Sector to Advance Regional Trade. This participation reflects the DRC’s commitment to harnessing the full potential of its oil and gas to support economic growth across the sub-Saharan African region.
AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.oil-gas
Aug 21, 2024
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Chariot Spud Gas Well Offshore MoroccoAfrica-focused energy group Chariot has commenced drilling operations on the Anchois-3 well, offshore Morocco.
The multi-objective well will be developed in four operational phases. The first phase will involve drilling a pilot hole to evaluate the potential of the Anchois footwall prospect, which has a prospective resource estimate of 170 billion cubic feet (bcf) of natural gas.
In the second phase, a side-track well will be drilled to further evaluate the discovered gas sands in the field, which hold a contingent resource estimate of 637 bcf.
Meanwhile, the third phase will involve drilling the deeper Anchois north flank prospect, which has an additional prospective resource of 213 bcf. The third phase will also serve to de-risk the well’s south flank prospect, which holds a prospective resource estimate of 372 bcf.
The fourth phase will conduct flow testing on the encountered gas sands to evaluate productivity, with the option to suspend the well for potential future production.
The well was spud by drilling contractor Stena Drilling’s Forth drillship while anticipated costs of the drilling campaign will be covered by Chariot.
Situated in the Lixus offshore license, the Anchois-3 well is operated by Energean (45%) along with Chariot (30%) and Morocco’s national oil company ONHYM (25%).
The drilling and flow testing operations are expected to take approximately two months to complete. Commercial production of the project is expected to start in 2025.oil-gas
Aug 21, 2024
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Regulatory Developments In The Msgbc’S Energy Sector: What To ExpectAvailable in French.
Last month, the Mauritanian government approved two bills – the first of which establishes an incentive-based and transparent legal and regulatory framework to attract renewable energy and green hydrogen investors. The second bill introduces new mechanisms to promote small and medium-sized enterprises that provide high-quality goods and services, as well as develop local expertise and know-how in the country’s extractive industries.
Both bills reflect the growing role of the extractive and energy industries in the MSGBC region’s economy, with the goal of stimulating economic development and ensuring energy security. Africa’s energy needs could double by 2050, as its population continues to grow and its economy to industrialize. In the ECOWAS region, nearly 180 million people – or about 60% of the population – face electricity access issues. In this context, the establishment of an enabling regulatory framework that boosts regional competitiveness and attracts investment will be crucial to developing upcoming discoveries – including Mauritania’s BirAllah field and Senegal’s Yakaar-Teranga gas project – that have the potential to secure future energy supplies.
Existing Hydrocarbons Legislation
In the MSGBC region, Mauritania and Senegal are the only two countries to have established comprehensive and holistic hydrocarbon regulatory frameworks. Senegal’s 2019 Hydrocarbons Code – which aims to attract foreign investment, while ensuring greater state participation and benefits from the oil and gas sector – has given rise to multi-billion-dollar investments, including the $5.2-billion Sangomar oil development and $4.6-billion Greater Tortue Ahmeyim LNG project. The code introduces a more transparent system for royalties and surface fees, as well as adjusts state participation based on revenue and investment ratios. Areas for improvement include increasing flexibility in fiscal terms to better adapt to fluctuating oil prices, and strengthening mechanisms to mitigate financial volatility, which could further attract and sustain foreign investment.
Meanwhile, Mauritania’s oil exploration and production sector is primarily governed by the 2010 Hydrocarbons Code, with significant amendments in 2021 that introduced special incentives for remote and technologically challenging “promotional zones” to attract new operators and expedite resource development amid the global energy transition. Activities require entering into a Production Sharing Contract with the country’s Ministry of Petroleum, Energy, and Mines, with foreign contractors mandated to establish local entities. This legal framework has successfully attracted international oil companies – including bp, Kosmos Energy, Woodside Energy and TotalEnergies – by establishing a clear and structured environment for operations. That said, Mauritania’s local content framework could be enhanced by introducing quotas for Mauritanian employees on each project as well as requiring majority local ownership, as seen in oil-producing Gulf countries like Qatar and the UAE.
Looking Ahead
As the MSGBC region emerges as a global energy frontier, ongoing improvements in regulatory frameworks, particularly when it comes to local content and environmental responsibility, can be expected. Emerging producers like Senegal and Mauritania can mirror best practices found in Africa’s more mature hydrocarbon markets. For instance, Nigeria’s 2021 Petroleum Industry Act encourages indigenous participation by facilitating access to marginal fields for local businesses and converting dormant fields into Petroleum Mining Leases, with a focus on local operators. Similarly, Ghana’s competitive bidding process for licenses ensures that local firms gain more opportunities and retain greater economic benefits.
In terms of environmental management, Senegal and Mauritania could draw inspiration from the Republic of Congo’s gas monetization policy. The Congo is spearheading efforts to utilize all associated gas, effectively eliminating flaring and developing infrastructure for local gas processing and power generation. Moreover, the country actively participates in the carbon credits market through forest conservation and environmental restoration initiatives. Mauritania, with its substantial solar and wind energy potential, could implement a similar approach, using its gas as a transitional energy source for heavy industries, while progressively developing its own green projects.
Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.msgbcoilgasandpower.com to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.oil-gas
Aug 21, 2024