On scaling up production capacity What are the prospects for scaling up oil production, and in what ways has the sector maintained stability amid persistent challenges? PEDRO RIBEIRO: Despite headwinds, national production has remained relatively steady at around 1.3-1.4m barrels per day (bpd), highlighting both the strength of the hydrocarbon base and the adaptability of operators working…
On rebuilding legacy assets and advancing transition goals How would you characterise the current trajectory and outlook of the hydrocarbons sector? MASOUD SULEMAN MOUSA : The hydrocarbons sector is undergoing a revival, marked by rising international investor confidence and reforms. The first licensing round since 2008 – under the fourth exploration and production sharing agreement…
On cleaner energy, sustainability and Libya's energy roadmap What technical and operational measures are key to achieving 2m barrels per day (bdp) by 2030? M. KHALIFA ABDULSADEK: Libya’s production trajectory reflects both its historical capacity and the challenges faced in recent decades. At its peak in the early 1970s, output exceeded 3m bpd, but successive non-technical disruptions—including…
Egypt has a rich history of gold mining dating back to the Pharaonic era, but has only produced one commercial gold mine in modern times, Sukari. The North African country’s Eastern Desert is primed to become the next big exploration target for global mining companies, with its wealth of untapped minerals and precious metals waiting to be explored. Increasing exploration efforts will therefore…
Solar & Storage Live MENA to open its doors on 29-30 May forits5theditionand is set to welcome 5,000 domestic andinternationalattendees, 150 exhibitors and 150 speakers for the largest event in North Africa. Solar & Storage Live MENA, the biggest gathering of the solar industry in North Africa, anticipates welcoming over 5000 domestic and international visitors on May 29-30, 2024, at the…
The energy transition continued apace in 2022 despite Russia’s invasion of Ukraine in February of that year, ongoing disruptions to supply chains and inflationary pressures – all of which translated into high energy prices around the globe. However, sustained high prices may mark an inflexion point in shifting the global energy system away from a dependence on hydrocarbons and towards lower-cost…
Interview:Joshua Mortoti In what ways are large mining firms prioritising environmental, social and governance (ESG) principles? MORTOTI: Large mining entities are increasingly implementing renewable energy-dependent operations as part of decarbonisation efforts. These initiatives not only align with the global campaign to reduce carbon emissions, but also demonstrate the increasing adoption…
Interview:Edward Koranteng In what ways is the MIIF contributing to the development of the economy? KORANTENG: The MIIF was established to add value by managing the government’s equity interests in mining, receiving mineral royalties from mining companies and reinvesting these funds in the sector. The focus is not only on gold, but also on minerals that are critical to the country’s economy.…
Interview:Samuel Jinapor How would you articulate Ghana’s value proposition as a mining investment destination? SAMUEL JINAPOR: Ghana should be positioned as the leading mining hub in Africa, where all mining-related activities – including research, innovation, exploration and downstream production – aim to be concentrated. The government is seeking to indigenise the mining sector, with…
Interview:Matthew Opoku Prempeh What is Ghana’s value proposition as an oil and gas investment destination, and what can be done to enhance its appeal to foreign investors? MATTHEW OPOKU PREMPEH: Ghana’s sedimentary basins hold significant gas and high-quality, light sweet crude oil prospects. The legal, regulatory and fiscal regimes governing the upstream industry are predictable, transparent…
