Industry-Advancing Deal Signed at MSGBC 2022
Under the theme, ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking’, the MSGBC Oil, Gas & Power 2022 Conference and Exhibition, held in Dakar from 1-2 September, facilitated the signing of a Memorandum of Understanding (MoU) between French engineering and technology company, Technip Energies, and Senegal’s National Oil Company (NOC), Petrosen.
Signed by Loïc Chapuis, Senior Vice President for Gas & Carbon Energies at Technip Energies, and Thierno Seydou Ly, General Manager of Petrosen, the MoU marks the start of a three-year-long local content partnership between the parties, recognizing and leveraging Technip Energies’ technical expertise within the energy sector to expand operations through the sourcing and empowerment of local talent.
SSOP 2022 Celebrates Market-Focused MoUs
During the first day of SSOP 2022, an MoU was signed between Djibouti and South Sudan to enhance cooperation across the energy sector for both countries. Signed by Djibouti’s Minister of Energy and Natural Resources, H.E. Yonis Al Guedi, and South Sudan’s Minister of Petroleum, Hon. Puot Kang Chol, the agreement will see the two countries expand trade, investment and cross-border energy opportunities, leveraging regional collaboration to expand both the energy sectors in Djibouti and South Sudan.
South Sudanese financial institution, Kush Bank, announced the raising of $75 million in capital for their integrated energy value chain project in South Sudan with technology and strategy solutions company, Ezra Group, and independent technical solution provider, Jedco, at SSOP 2022. The partnership will see Kush Bank and AIS Capital Advisors of Kenya work with Ezra Group on securing capital to bring together logistics, refining, solar energy and traditional generating power to transform the energy landscape of South Sudan.
A second deal was signed by Kush Bank at SSOP, further enhancing the institution’s growth plans across the East African country’s market. The MoU was signed with research and advisory firm, Orus Consulting, and was aimed at strengthening both parties’ investment efforts across the country, ushering in a new era of energy growth driven by the country’s private sector. The MoU was signed by Kush Bank Acting CEO, Ryan O’Grady, and Orus Consulting Managing Partners, Akol Nyok, Akol Dok.
Triggering Newfound Industry Growth at AOG 2022
The Ministry of Mineral Resources, Petroleum and Gas of Angola and the Ministry of Mines and Energy of Namibia signed an MoU during the AOG 2022 Conference and Exhibition that will enhance bilateral cooperation in the petroleum and natural gas sectors and improve the mutual social, economic and environmental interests between the two countries. The MoU was signed by Angola’s Minister of Mineral Resources, Petroleum and Gas, H.E. Diamantino Azevedo, and Namibia’s Minister of Mines and Energy, Hon. Tom Alweendo, on the first day of AOG 2022.
Meanwhile, Angola’s National Agency for Oil, Gas and Biofuels (ANPG) and Sierra Leone’s Petroleum Directorate signed a historic cooperation agreement at AOG 2022 with a view to establishing a shared commitment to promoting and intensifying collaboration across the oil and gas sector. The MoU was signed by Paulino Jerónimo, President of the ANPG, and Foday Mansaray, Director General of Sierra Leone’s Petroleum Directorate, and will serve to outline opportunities for bilateral trade and investment while reaffirming stronger economic ties between the two countries.
Finally, the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Ministry of Hydrocarbons of the Democratic Republic of Congo signed the third MoU during AOG 2022 to develop the existing synergies in their respective upstream and downstream sectors, energy infrastructure and logistics. Signed by the Minister of Mines and Hydrocarbons of Equatorial Guinea, H.E. Gabriel Mbaga Obiang Lima, and his Congolese counterpart, H.E. Minister Didier Budimbu Ntubuanga, the agreement ensures the establishment of a working group to achieve shared energy objectives and the implementation of specific projects.
Serving as the continent’s leading investment platform for the energy sector, ECP unites global stakeholders to unlock capital and drive African energy development with world-class investment-focused events taking place throughout Africa and worldwide. Stay tuned for information about ECP’s exciting 2023 event calendar!