Tag: APPO

News Oil and Gas

African oil-producing nations secure 45% funding for $5bn Energy bank

African oil-producing nations are set to launch a $5 billion energy bank in Abuja next year, having already secured 45% of the necessary startup capital. The initiative aims to fill the funding gap created by traditional investors who are increasingly shifting their focus from crude oil to low-carbon energy solutions. This was disclosed by the […]

Energy

75% of African oil is exported, says petroleum group 

The Secretary-General of the African Petroleum Producers Organisation, Omar Farouk Ibrahim, has said that nearly 75% of oil produced in Africa is exported to other continents for energy consumption. This was disclosed by Ibrahim during the recent Mozambique Energy and Industry Summit held in the southeastern African country, according to Nairametrics. Ibrahim stated that, in […]

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