Weekly News Round-Up

A round-up of the top developments in African oil and gas this week.

This week, Somalia launched its first ever licensing round, which, like the Liberian round announced last month, will be carried out virtually. The licensing round features up to 7 blocks up for bidding which are estimated to be among the most prospective areas for hydrocarbon exploration and production in Somalia. Read more from Oilfield Technology.

Also in East Africa, Energy Voice reported that the Tanzanian Minister of Energy has announced that work on the East Africa Crude Oil Pipeline (EACOP) is expected to begin in April 2021.

In Equatorial Guinea, the Ministry of Mines and Hydrocarbons, in collaboration with US independent Marathon Oil, awarded a contract for the development of its new Gas Master Plan to UK-based Gas Strategies. Read more from Upstream about the announcement and Equatorial Guinea’s plans to construct a gas mega project.
On Wednesday, Minister of State for Petroleum Timipre Sylva, announced that Nigeria LNG has signed the engineering, procurement and construction (EPC) contract with Italy’s Saipem for Train 7, its major gas expansion plan. Read more from Reuters.

In South Africa, The Multilateral Investment Guarantee Agency (MIGA), a subsidiary of the World Bank Group, issued guarantees amounting to $116 million to support four renewable energy power plant projects in the country. The plants will have a combined installed capacity of 288 megawatts. Read more from Afrik 21.
For more about renewable power projects in Africa, check out the new Future Energy Series: Africa.

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