Issue 488 PDF: Libya’s NOC consumes $7bn development budget with little to show


African Energy, Issue 488 cover
Issue 488 - 21 Jul 2023

The issue leads with Libya, where National Oil Corporation has no new projects to show, despite a $7bn budget allocation made last year, and there are signs that Prime Minister Abdel Hamid Al-Dabaiba and rival warlord Khalifa Haftar are taking greater control over oil revenues.

African Energy takes a closer look at Eritrea, which is seeking to improve relations with its neighbours by rejoining the Igad bloc it left in 2007, while also cementing ties with key allies China and Russia. A few multilaterals, led by the AfDB and Badea, are giving support, but Asmara remains largely isolated from western financing.

Power coverage leads with an analysis of procurement trends recorded on the African Energy Live Data platform, which shows that capacity procured through competitive auctions should add at least 15.1GW by 2027.

Power coverage also includes a feature on  Malawi which is looking to renewables, storage and gas to address its electricity woes.

Upstream oil and gas coverage leads with South Sudan, which is looking for alternative export routes, as conflict rages to the North, and also examines heightened interest in South Africa’s portion of the Orange Basin.

African Energy's mid and downstream coverage focuses on signs of a possible thaw in Chad-Cameroon relations.

The African Energy View reflects on Nigerian President Bola Ahmed Tinubu's first months in office.

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