- Dangote Refinery Orders Compressors, Turbines from German Firm
Africa’s largest refinery, Dangote Oil Refining Company, has ordered compressors and turbines from German-based MAN Diesel and Turbo for the 650,000 barrels per day refinery being constructed in Lagos.
MAN Diesel and Turbo will deliver two compressor trains to the refinery, which is located at the Lekki Free Trade Zone of Lagos, where Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, is investing $12 billion.
The new refinery will enable Nigeria, Africa’s biggest crude oil producer, to increase its local refining capacity and end importation of petroleum products.
Also commenting, a member of the Executive Board and Chief Sales Officer of MAN Diesel and Turbo, Wayne Jones, said: “This is a milestone project and will have a huge impact on the economy of not only Nigeria but the whole of the West African region.
The Managing Director of MAN Diesel and Turbo in Nigeria, Sohail A. Khan, said: “This refinery new building is underlining the long-term growth perspective Nigeria and the region of West Africa have.
The highly efficient machinery trains from MAN Diesel and Turbo each consist of an axial compressor driven by a steam turbine with about 30 MW power.
Delivered with a comprehensive auxiliary package, they will come into operation for the refinery process of Fluid Catalytic Cracking (FCC), thereby supporting the production of fuel.
The order also comprises erection and inauguration of the machinery trains, being developed and built at the company’s turbomachinery technology site in Germany.
Delivery will take place in the course of 2018, while inauguration of the whole refinery is planned for 2019.
Beside Nigeria, MAN Diesel and Turbo holds subsidiaries also in other countries on the African continent.
With 250 employees across various sales and service sites, regional workshops and a pool of field service engineers, the company serves customers that are mainly active in the oil and gas industry, the power generation business or the process industry.
The company’s history in Africa dates back to the 1950s, when the first engines for power generation were delivered to Mali and Senegal.
MAN Diesel and Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel and gas engines and turbomachinery.
Meanwhile, Tanzania has awarded a coal mining licence to the local subsidiary of Dangote Cement as part of the plans to cut the company’s production costs and ease disruptions caused by energy shortages.
The Tanzanian subsidiary of Dangote Cement had suspended production in December 2016, citing technical problems and high production costs, but has since resumed production of the building material.
“The process of allocating a coal mining area to the Dangote cement factory was completed on March 11,” Reuters quoted Tanzania’s Energy and Minerals Ministry as saying in a statement issued yesterday.
“The company (Dangote) will be given a (coal mining) licence covering 9.98 square kilometres in the Ngaka area,” the statement added.
The cement factory in the southeastern Tanzanian town of Mtwara, with an annual capacity of three million tonnes, runs on expensive diesel generators and has sought government support to reduce costs.
Tanzanian President John Magufuli had last week issued seven-day ultimatum to government officials to allocate a coal mining area to Dangote within the mineral-rich Ngaka coal fields, which are licensed to another company.
The Ngaka coal basin in southern Tanzania, an area covering more than 840 square kilometres, is licensed to Tancoal Energy Ltd, a subsidiary of Intra Energy Corp, which is listed on the Australian Stock Exchange.
Intra Energy said it would work with authorities to hand over part of its licensed coal mining area to Dangote, but raised concern about what it called “special treatment” being given to the Nigerian cement maker by the Tanzanian government.
The Australian coal miner owns a 70 per cent stake in Tancoal Energy, with the remaining 30 percent held by National Development Corp, a Tanzanian public investment firm.
Magufuli also ordered state-run Tanzania Petroleum Development Corp (TPDC) to supply Dangote Cement with natural gas with immediate effect.
Previous talks on gas supply had stalled because Dangote Cement wanted “at-the-well” prices for natural gas, according to TPDC.
Dangote, Africa’s biggest cement producer, has an annual production capacity of 43.6 million tonnes. It targets output of between 74 million and 77 million tonnes by the end of 2019 and 100 million tonnes of capacity by 2020.
In Tanzania, Dangote plans to double the country’s annual output of cement to six million tonnes.
Equatorial Guinea to Launch Vision on Post-COVID Energy Transition Plans with Report and Film
The Africa Energy Series (AES): Equatorial Guinea 2021 campaign – comprising a report and a documentary – will serve as a critical tool to navigate the energy investment landscape in one of Africa’s more mature petroleum producing markets; Equatorial Guinea has largely been able to sustain its pace of engagement with global investors in the face of COVID-19, forecasting $1.1 billion in FDI in oil and gas activities in 2021; The third edition of the AES: Equatorial Guinea 2021 report will be released at Africa Oil & Power’s U.S. Africa Energy Forum 2021 networking event in Washington, D.C. this July.
Africa Oil & Power is proud to announce the upcoming launch of its Africa Energy Series (AES): Equatorial Guinea 2021 investment report and documentary, as part of a multimedia campaign set to champion the domestic energy sector and shape the West and Central African energy narrative.
The dual-language publication will target key developments driving a post-COVID-19 recovery in Equatorial Guinea – namely, the growth of petroleum and power industries; regional gas monetization initiatives; a clean energy transition; the impact of environmental, social and governance criteria; and expansion of the national diversification agenda.
A 30-minute documentary will provide a visual complement to the publication, featuring first-hand interviews with government officials, private sector players, industry regulators and energy experts discussing Equatorial Guinea’s unparalleled ambition and future plans.
“From spearheading regional gas monetization initiatives to drilling new exploration wells as early as Q2 2021, Equatorial Guinea continues to cement its reputation as a progressive, dynamic force on the African energy stage,” said H.E. Gabriel Obiang Lima, Minister of Mines and Hydrocarbons. “The Africa Energy Series publication in conjunction with a detailed documentary format, gives us the voice to showcase the depth of our full-stream investment opportunities to a global audience.”
Since the onset of COVID-19, Equatorial Guinea has been proactive in safeguarding opportunities for foreign investors and continuing to drive capital into its hydrocarbon resources. In February, Chevron achieved first gas flow from the successful execution of its Alen Gas Monetization project, a $475-million investment representing the first phase of Equatorial Guinea’s Gas Mega Hub masterplan.
The Ministry of Mines and Hydrocarbons is currently promoting several capital-intensive projects – including the construction of modular oil refineries, a gold refinery, liquefied petroleum gas strategic tanks, a urea plant and the expansion of a compressed natural gas project – which are open for investment. Last December, the Ministry of Mines and Hydrocarbons announced a forecast of $1.1 billion in foreign direct investment in oil and gas activities in 2021.
Active in Equatorial Guinea since 2015, AOP released its first AES documentary on the country in 2016, followed by investment reports in 2018 and 2019.
The AES: Equatorial Guinea 2021 investment report will be launched at the U.S. Africa Energy Forum 2021 online seminar and in-person networking event in Washington, DC. (July 12). The documentary will be launched at the U.S. Africa Energy Forum conference in Houston (October 4-5) and broadcast globally on news networks.
U.S. Africa Energy Forum 2021 Launches: Promotes U.S. Role as Primary Investor in African Energy
The U.S. Africa Energy Forum 2021 – organized by Africa Oil & Power, in partnership with the African Energy Chamber’s U.S.-Africa Committee – will foster alignment between U.S. and African governments’ energy policies and highlight African oil, gas, power and renewable projects across the energy value chain for U.S. investors; the multi-day forum unites U.S. and African policymakers, energy executives and industry leaders to create new linkages and foster discussions that drive long-term policy formation and project execution; the in-person, two-day summit and gala dinner will be hosted in Houston, Texas (October 4-5, 2021) and an online seminar and in-person networking event will be held in Washington D.C. (July 12).
Africa Oil & Power (AOP) and the African Energy Chamber are excited to announce the launch of the first-ever U.S. Africa Energy Forum (USAEF). This event aims to create deeper cooperation between the U.S. and Africa on energy policy, to reach alignment on long term sustainability goals, to stimulate greater American investment in the African oil, gas and power sectors, and to engage and reposition the U.S. as the primary partner of choice for African energy developments.
Under the theme “New Horizons for U.S. Africa Energy Investment” the forum will explore diverse foreign investment and export opportunities across the continent, including natural gas as a vital fuel for the energy transition; energy storage and battery minerals; Africa’s place in global energy supply chains; the benefits of the African Continental Free Trade Area; evolving energy technologies and how they relate to the future role of petroleum resources; and on-and off-grid power developments.
An online seminar and in-person networking event will be held in Washington D.C. on July 12, 2021, building up to the in-person U.S. Africa Energy Forum summit and gala dinner, to be hosted in Houston, Texas, on October 4-5, 2021. Africa Oil & Power and the African Energy Chamber invite all U.S.-based companies with an interest in engaging with African industry leaders and project developers to participate in the USAEF Houston summit.
This initiative comes at an important juncture in U.S.-Africa relations. The Biden Administration’s announcements of its intentions to proactively build a stronger U.S.-Africa partnership coincides with the fact that African projects are seeing rising interest from U.S. companies and lending institutions alike. The USAEF event is thus dedicated to enabling dialogue between its participants that advances these developments.
“Our mission has always been to showcase the resource potential that Africa has to offer while at the same time showing its growing preference for sustainable energy policies and technologies. Toward that end, we hope it becomes evident that Africa does not just want investment capital: it wants smart capital and an accompanying partnership with the investors,” says James Chester, Senior Director of Africa Oil & Power. “The U.S. Africa Energy Forum represents the first-of-its-kind opportunity to catalyze U.S. participation in Africa’s energy transformation – via technology, policy support, capital injection and skills development – and turns a new page in the chapter on global energy investment.”
In partnership with the African Energy Chamber’s U.S.-Africa Committee, AOP will introduce American companies to African opportunities and advance an agenda of sustainable, long-term investment in African energy and other sectors by U.S. organizations.
“The rise in support from the U.S. to the continent is a credit to Africa itself, which is increasingly viewed as a favored destination for global investors, multilaterals and export credit agencies,” says Jude Kearney, President of Kearney Africa and former Deputy Assistant Secretary for Service Industries and Finance at the U.S. Department of Commerce during the Clinton Administration. “Africa continues to command a healthy share of global FDI in oil and gas industries. It has for decades shown that investment in those sectors is favorable compared to other jurisdictions and can be successful by many measures. Even as Africa and the rest of the world wrestles with a global pandemic, Africa’s energy sector shows vitality and resiliency – not only in hydrocarbons but in regard to new opportunities in mining, liquefied natural gas, and agriculture.”
Both African governments and private sector sponsors of African energy projects value highly the combination of investment and partnership that US investors famously convey. The USAEF seeks to enable successful partnerships between its participants such that the energy development goals of U.S. investors and strategic partners and their African counterparts can be achieved.
Angola’s Petroleum Agency Outlines Timeline for Ongoing Bid-round
Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has outlined its timetable for the evaluation of its ongoing 2020 bid round, as interest in the acreage on offer continues to grow.
In line with its statutory duties as national concessionaire in charge of the attribution of petroleum exploration blocks, the ANPG has sought to adjust its processes to remain competitive in the current market environment, which is dominated by concerns around COVID-19, long-term demand considerations and stiff competition from new and promising frontiers like Guyana and Suriname.
The ongoing bid-round is a manifestation of Angola’s strategy for the continuous attribution of petroleum concessions 2019-2025 which was approved and codified by Presidential Decree no. 52/19, of 18 February 2019. The aim of the strategy is to provide access to promising acreage to competent explorers in an effort to increase geological knowledge about Angola’s hydrocarbons potential and ultimately increase proven reserves.
A hybrid online and physical roadshow for the current bid-round is scheduled for April 6 in at the Talatona Convention Centre in Luanda. This event will provide the opportunity for investors to engage with the agency regarding the blocks on offer, the data packages and the accessibility studies, as well as touch upon environmental, logistical and local content issues.
This will kickstart a series of both digital and in-person roadshows and technical presentations to promote the blocks to be awarded in key international markets. The acreages on offer include:
- Three blocks of the lower Congo onshore Basin CON1, CON5 and CON6
- Six of the Kwanza onshore Basin (KON5, KON6, KON8, KON9, KON17 and KON20)
In line with the provisions of Presidential Decree No. 86/18, of 2 April 2019, which establishes the rules for the organization of bid rounds, the ongoing 2020 bid round will unfold as follows:
- Tender Launch
- Proposal submission
- The opening of offers from potential suitors in a public setting
- The evaluation and qualification of proposals
- The submission of the evaluation report to the Ministry of Mineral Resources and Petroleum and Gas
- Contract negotiation with the winners of the bid-round
Finance2 weeks ago
List of Microfinance Banks’ USSD Codes In Nigeria
Cryptocurrency4 weeks ago
Zugacoin that Plunges Over 99 Percent in 6 Days Partners Innoson, Buy Innoson Products With Zugacoin
Government4 weeks ago
Telcos To Begin Disconnection of Banks’ USSD Services Monday Over N42B Debt
Government4 weeks ago
FEC Approves $1.5 Billion For Repair of Port Harcourt Refinery
News4 weeks ago
Focus on bank MDs, Others, Workers Reply EFCC Over Asset Declaration
Government3 weeks ago
US Intelligence Says ISIS and Al-Qaeda Are Planning to Attack Southern Nigeria
Government4 weeks ago
Customers TO Pay N6.98 Per USSD Transaction – CBN, NCC
News4 weeks ago
EFCC Directs Bankers to Declare Assets by June 1