Senegal to launch mega energy projects in 2020 to drive economic growth

SENEGAL — The Government of Senegal is making energy a priority in 2020, the Ministry of Petroleum and Energy has revealed. The ministry further noted that the government is focused on making energy a foundation for growth and will be launching key projects in 2020 in order to achieve the vision of H.E. President Macky Sall. To further demonstrate its commitment, Senegal is offering oil and gas blocks to global explorers in its 2020 licensing round which will also include a global road show to present the oil and gas…

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Nigeria’s petroleum corporation secures US$2.5bn to finance pipeline project

The Nigerian National Petroleum Corporation has secured funds amounting to US$2.5billion to finance its pipeline project. According to the Group Managing Director, Nigerian National Petroleum Corporation, Mallam Mele Kyari, the corporation secured the funds through a deal agreement with a Chinese lender. Mr. Kyari further revealed that agreement between the corporation and the Chinese lender was that the lender finances 15 percent of the project using the owner financing model while 85 percent of the funding will be provided as a loan to the corporation. According to the NNPC boss,…

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Africa Oil & Power to Honor Senegal President as “Africa Oil Man of the Year”

SOUTH AFRICA – The Africa Oil & Power will award Macky Sall, President of the Republic of Senegal, with the prestigious “Africa Oil Man of the Year” award during conference be hosted October 9-11 in Cape Town, South Africa. The President will be presented the award during the conference and will present the keynote address during the annual conference. Senegal is a global hotspot for oil and gas discoveries — well-known as the place in Africa to make major oil and gas finds, due in large part to a decade-long…

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