By Adedapo Adesanya The African Petroleum Producers Organization (APPO), and the African Export-Import Bank (Afreximbank), have signed the requisite documents for the establishment of a $5 billion Africa Energy Bank. The proposed bank is an institution set up to facilitate, promote, and finance the development of Africa’s hydrocarbon deposits of oil and gas, and condensates… Continue reading APPO, Afreximbank Sign $5bn Africa Energy Bank Funding Documents
Tag: APPO
NUPRC Chief, Others for SAIPEC 2024 in Lagos
By Modupe Gbadeyanka The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, will be among the guests expected at the eighth edition of the Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC). Others to grace the premier industry event hosted by the Petroleum Technology Association of Nigeria (PETAN) are the… Continue reading NUPRC Chief, Others for SAIPEC 2024 in Lagos
Omar Farouk Reelected APPO Secretary General
By Adedapo Adesanya The African Petroleum Producers Organisation (APPO) has reappointed Mr Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Angola. It has been considered a move that will usher in a new era of growth across the continent’s hydrocarbon industry. With Mr Farouk bullish around the… Continue reading Omar Farouk Reelected APPO Secretary General
APPO Supports OPEC+ 2mb/d Cut, Says it Supports Africa
By Adedapo Adesanya The African Petroleum Producers Organisation (APPO) has supported the recent decision by the Organisation of the Petroleum Exporting Countries and allies (OPEC+) to cut production by around 2 per cent. Speaking on the sidelines of the ongoing Africa Oil Week in Cape Town, South Africa, the Secretary-General of the group, Mr Omar… Continue reading APPO Supports OPEC+ 2mb/d Cut, Says it Supports Africa
Afreximbank, APPO to Establish African Energy Bank
By Adedapo Adesanya A Memorandum of Understanding (MoU) for the establishment of a multi-billion dollar African energy bank has been signed between the African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO). The institution will scale up private sector investment in African oil and gas projects and will not be a substitute for… Continue reading Afreximbank, APPO to Establish African Energy Bank