According to an Afreximbank August 2022 press release, the GasMeth compressed natural gas project in Rwanda is estimated to be worth over USD 300 million.
ABiQ outlines Oil and Gas projects across Africa for 2022. Africa’s rich inheritance of oil and gas resources is set to catalyse massive growth across the continent. Africa alone has produced approximately 8% of the total oil produced in the world. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
ABiQ tracks oil and gas projects across the UAE. As per the project tracking platform ABiQ, there are over $70 billion of active Oil and Gas projects in the UAE. ABiQ estimates that the UAE will spend $8.5 billion in 2022 on various Oil and Gas projects that are currently under construction.
Saudi Aramco announced record results for Q1 2022 with a net income increase of 82 per cent, driven by higher volumes and pricing.
Shell has made a significant oil discovery in deep water off the coast of Namibia. Shell’s JV partners Namcor and Qatar Energy are evaluating development options
From 2021 through 2025, the Middle East will see 615 oil and gas projects tendered. There are more than $570 billion of active oil and gas projects in the Middle East.
Angola has nearly $100 billion worth of active oil and gas projects. Angola seeks to expand its natural resource opportunities and lessen dependence on imports.
Africa is all set to become a global energy powerhouse with a plethora of untapped resources. Here are some of the major ongoing and upcoming oil and gas projects in Africa.
With a population of 2.4 million, Zimbabwe finds itself in a dire economic situation. Hyper Inflation is hindering the much-needed investment required to rebuild the country’s dilapidated infrastructure.
A landlocked country of 45 million people, Sudan is emerging from decades of sanctions with an ambitious investment drive. Currently, Sudan has more than $23 billion of active projects in the Oil & Gas, Transport and Energy sectors.
THE global Covid-19 pandemic may have dented oil and petroleum production and consumption in 2020, but Nigeria is surging ahead with more than $30 billion of new investments into the field.
Mozambique’s real estate sector has substantial investment opportunities. However, current security concerns in the Cabo Delgado province affect the country’s risk profile.
Infrastructure development key to Morocco’s economic growth Morocco is investing billions in new infrastructure and key sectors to boost economic recovery and growth. A third of this investment will go towards its energy sector followed by the water sector with thirty...
Even before general elections are scheduled for December, Libya is moving forward with investments in power, oil and gas sectors.
Africa shows tremendous potential, having the youngest and the fastest-growing middle class in the world. The continent is teeming with the potential for large-scale investments.
Africa is witnessing a growth in large-scale projects that will affect its economic growth in the future. Needless to say that the sustainable energy industry is thriving, and most of the top ongoing mega projects are those that deal with the production of cleaner energy.
The Middle East oil and gas projects have seen a tremendous spike in growth due to large-scale investments. Within 2021-2025, the Middle East will witness a total of 615 oil and gas projects.
Labour and commodity costs in Africa are significantly lower than anywhere else. What is lacking is know-how and funding. Inflation at manufacturing hubs could present an opportunity for African leaders. Will they embrace it?
Top 5 Projects in East Africa East Africa has more than $435 billion of active projects, of which $221 billion are under construction. A fast-growing population that will increase by 25 per cent over the next ten years drives the demand for infrastructure development....
West Africa has more than $380 billion of active projects, of which $230 billion is under construction. Oil and gas projects still account for the bulk of the construction activity in the region by value.
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