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OPEC

Oil production in Algeria continues upward trend

Oil production in Algeria continues upward trend According to the latest Monthly Oil Market Report (MOMR) published by the Organisation of Petroleum Exporting Countries (Opec), Algeria’s crude oil production jumped by 16,000 barrels per day (bpd) to 937,000 bpd in September 2021. This article was first published by Oxford Economics Africa According to Algeria’s Ministry […]

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Africa gears up to become a global powerhouse

27 July 2021 – A host of energy development initiatives designed to increase energy access and improve livelihoods are coming online across Africa. Geothermal, hydro and bioenergy projects are being launched, and intercontinental electricity markets are being developed. Their impact will further human development and enhance economic prospects throughout the continent. The African Union (AU)

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Financing package signed for the construction of the largest solar plant in Egypt.

23 April 2021 – The European Bank for Reconstruction and Development(link is external) (EBRD), the OPEC Fund for International Development(link is external) (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund(link is external) (GCF) and Arab Bank today signed a USD114-million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development

Financing package signed for the construction of the largest solar plant in Egypt. Read More »