Thursday, February 9, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Market Africa

African Energy Chamber and Mozambican Oil & Gas Chamber Agree to Work on

July 21, 2020
in Africa
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

Construction of Dangote oil refinery Africa’s largest nears completion

Oil tankers are making bizarre trips around the world as diesel glut hits

Uganda’s Ochanda wins global oil award

The African Energy Chamber (www.EnergyChamber.org) and the Mozambican Oil & Gas Chamber (CPGM) have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments into key segments of the country’s energy industry.

With multi-billion dollar LNG projects under-construction, including Coral South FLNG and Mozambique LNG, the country is on its way to become a global gas market and competitive African energy frontier. Ongoing developments, and potential future ones such as Rovuma LNG, have the potential to transform the Mozambican economy not only through the generation of revenues for the state, but also through the monetization of domestic gas across industries.

As it is the case with other upcoming African producers such as Senegal or Uganda, Mozambique has a unique opportunity to propel its economic growth via the sound development of its natural resources. However, such a journey will be successful only if beneficial to the local economy, local goods and services, and local jobs creation. Only by building domestic capacity, promoting an enabling environment for investors, and adopting best industry practices can Mozambique succeed in becoming the energy frontier the continent is hoping for.

In order to assist Mozambique’s nascent hydrocarbons industry to build capacity, develop sustainable business models and attract investment, the African Energy Chamber has signed a cooperation agreement with the newly-established Mozambican Oil & Gas Chamber. Both institutions have agreed to join their resources and efforts in order to support technology transfers, attract investments across the value-chain and promote joint-venture and partnerships between local companies and regional and international firms.

“Mozambique has already set an example of sound policy and governance, which is why key FIDs have been successfully taken and major infrastructure projects are currently under-construction. However, true sustainability will come from the local value generated by such developments. The African Energy Chamber applauds the Government of Mozambique for taking all initiatives to build domestic capacity, and intends to work closely with the private sector via its partnership with the Mozambican Oil & Gas Chamber to offer all possible support to the development of the Mozambican gas industry,” declared Nj Ayuk, Executive Chairman at the African Energy Chamber.

“The Mozambican Oil & Gas Chamber is growing rapidly in order to represent Mozambique’s private sector and advocate for the sustainable development of our hydrocarbons reserves. We believe that partnerships and a strong public-private dialogue are what will make the development of our industry a successful one and create jobs for Mozambican women and men. We look forward to our cooperation with the African Energy Chamber and to leverage on…



Read More: African Energy Chamber and Mozambican Oil & Gas Chamber Agree to Work on

Tags: africanAgreeChamberEnergyGasMozambicanoilwork

Related Posts

Construction of Dangote oil refinery Africa’s largest nears completion
Africa

Construction of Dangote oil refinery Africa’s largest nears completion

by Oil Market
July 31, 2020
0

Dangote oil Refinery, which is expected to be Africa’s largest oil refinery and the world’s biggest single-train facility upon...

Read more
Oil tankers are making bizarre trips around the world as diesel glut hits
Africa

Oil tankers are making bizarre trips around the world as diesel glut hits

by Oil Market
July 30, 2020
0

The Monte Toledo oil tanker in Algeciras, Spain, on March 6. Photo: Luke MacGregor | Bloomberg Text Size: ...

Read more
Uganda’s Ochanda wins global oil award
Africa

Uganda’s Ochanda wins global oil award

by Oil Market
July 29, 2020
0

The International Association of Oil & Gas Producers (IOGP) has presented the 2020 Outstanding Young Professional Award (OYPA) to...

Read more
Edinburgh oil firm to make big payouts to shareholders after $400m West
Africa

Edinburgh oil firm to make big payouts to shareholders after $400m West

by Oil Market
July 28, 2020
0

CAIRN Energy is set to capitalise on opportunities created by the slump in oil and gas prices after agreeing...

Read more
Cairn sells Sangomar stake to Lukoil – News for the Oil and Gas Sector
Africa

Cairn sells Sangomar stake to Lukoil – News for the Oil and Gas Sector

by Oil Market
July 27, 2020
0

Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in...

Read more
Nigerian Regulators Trade Blame As Killer Fuels Dominate Country’s Oil
Africa

Nigerian Regulators Trade Blame As Killer Fuels Dominate Country’s Oil

by Oil Market
July 26, 2020
0

While various scientific research results have linked annual deaths of more than 100,000 Nigerians to air pollution, partly caused...

Read more
Next Post
Second wave could spell disaster for oil prices

Second wave could spell disaster for oil prices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

The Rise of Restoration: A focus on oil and gas abandonment

The Rise of Restoration: A focus on oil and gas abandonment

3 years ago
Oil majors face up to plunging asset values

Oil majors face up to plunging asset values

3 years ago
Sustainable palm oil seeks breakthrough in China

Sustainable palm oil seeks breakthrough in China

3 years ago
The damage from the oil war will ripple far and wide

The damage from the oil war will ripple far and wide

3 years ago
Indian oil refiners cut runs as fuel demand dips, margins fade – ET Auto

Indian oil refiners cut runs as fuel demand dips, margins fade – ET Auto

3 years ago
Will the recovery in the oil market be shortlived?

Will the recovery in the oil market be shortlived?

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com