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Headlines in mid-October suggested renewed vibrancy in the Nigerian hydrocarbons industry under President Muhammadu Buhari, talking of mega-deals involving ExxonMobil and Indian investment, and plans for exploration in the north-east (see Upstream) and to raise domestic refining capacity to 650,000 b/d (from 445,000 b/d). But the divestment to the local Nipco Investments of ExxonMobil’s 60% stake in Mobil Oil Nigeria leaves Total as the sole major still operating in the downstream; the Indian deal, if it can be delivered, seems a desperate effort to raise cash. International oil companies (IOCs) continue to downsize, amid a damaging escalation of Niger Delta violence.

Nigeria
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The close presidential election anticipated as Nigerians went to the polls on 28 March ended in victory for the All Progressives Congress (APC) candidate, retired major-general Muhammadu Buhari, in a process many observers praised as free and fair. As African Energy went to press, it seemed likely that APC gubernatorial candidates would emerge largely triumphant from the 11 April elections to control Nigeria’s 36 states, despite a sometimes desperate People’s Democratic Party (PDP) rearguard action. With the PDP retaining only 11 states (of which four were not contested), its political machine is foundering.

Nigeria
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Project bulletin

The delayed 5MWp Unisun Energy Okatope Solar PV plant has started operations, Namibia’s Electricity Control Board manager for economic regulation, Pinehas Mutota, told African Energy.

Namibia
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President Muhammadu Buhari finally responded to popular concerns over security by replacing his military top team on 26 January. With the economy hobbled by low oil prices and coronavirus, he has allowed a little more economic flexibility, although it remains to be seen whether his costly defence of the naira’s inflated value will be replaced by the foreign exchange market unification favoured by the International Monetary Fund and World Bank.

Nigeria
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Nigeria has endured another long wait for President Muhammadu Buhari to announce his new government. Re-elected in February, Buhari finally swore in members of his new cabinet on 21 August. During the long interim, key officers of state have worked to steady the ship; Central Bank of Nigeria (CBN) governor Godwin Emefiele has won praise for his stewardship of an under-pressure economy, while vice-president Yemi Osinbajo continues to reassure investors.

Nigeria
Issue 342 - 16 March 2017

ENI: Increased East Med presence

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Eni has finalised a farm-in agreement with Total to acquire a 50% participating interest in Block 11 offshore Cyprus, increasing its presence in acreage close to the giant Zohr gas discovery. Total will remain operator and a well is planned on the block this year. Eni holds exploration rights on blocks 9, 3 and 2, and has been chosen as preferred bidder for blocks 6 and 8 in Cyprus’s third licensing round.

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Egypt has a good claim to have been the most dynamic of all African countries in 2022, but 2023 may be its year of reckoning. The currency crisis now ravaging the economy could bring President Abdel Fattah el-Sisi’s futuristic edifice of renewables, green hydrogen (GH2), new cities, real estate, electric trains, sea water desalination and social infrastructure crashing down unless he can keep on side a wide coalition. This includes the IMF and Gulf monarchies which are Egypt’s largest creditors, the military, whose economic prerogatives must now be curtailed, a hard-pressed population, and international business partners.

Egypt
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Algeria may be earning more money in the new high oil and gas price environment but with major calls on state revenues from every quarter, Sonatrach is not in line for significant new funds to help it address falls in output. Some politically favoured projects may go ahead regardless of commercial logic, but a lot of expectation rests on the 20 memoranda of understanding signed by PDG Toufik Hakkar during his tenure even though most have not yet led to new investment commitments. 

Algeria
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Germany’s offer of support for a first hydrogen (GH2) plant in Morocco makes the North African country a potential early mover in the race to build a hydrogen economy on the continent.

Morocco
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Decarbonisation programmes being drawn up at Eskom and Sasol have the potential to drastically alter the energy landscape in South Africa and Mozambique, potentially catalysing investment in gas infrastructure and offering new opportunities in renewable energy, green hydrogen, and sustainable aviation fuel.

South Africa
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Project bulletin

The board of the African Development Bank (AfDB) has approved a $10m reimbursable grant for the 50MW Tulu Moye geothermal project in Ethiopia.

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Energy leasing firm Solarise Africa (Solarise) has secured debt finance from a group of investors led by the Facility for Energy Inclusion (FEI), which it will use to grow its commercial and industrial (C&I) business in Africa.

Kenya | Uganda | Rwanda | Zambia | South Africa
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The Addis Ababa-based Eastern Africa Power Pool (EAPP) is looking to recruit a new executive director as it seeks to strengthen its performance.

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London AIM-listed Savannah Energy has told African Energy that it hopes to start production from its Amdigh-1 well in the Agadem Rift Basin (ARB) in 2023.

Niger
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Project bulletin

Construction has begun on the 19MWp/15MWac Cuamba solar PV plant with 2MW/7MWh battery storage in Mozambique

Mozambique