The extraction of oil and gas has long played a central role in the Egyptian economy, accounting for 15.3% of the country’s GDP in the 2013/14 financial year. With exploration in the North African nation dating back to the 1880s, the government has a long history of working with private firms to develop and manage its resources. Over the course of 2014 Egypt’s energy sector has seen some...
Africa Energy
Displaying 583 - 588 of 871
Chapter | Energy & Utilities from The Report: Egypt 2014
Economic update | Maroc : Les financements étrangers donnent un coup de pouce aux projets énergétiques
21 Nov 2014
Cet automne, le gouvernement du Maroc est parvenu à obtenir une enveloppe de 3.4 milliards de dollars auprès d’investisseurs étrangers afin de financer d’ambitieux projets énergétiques. Ces derniers visent à la fois à satisfaire la demande croissante en électricité au sein du royaume et à exporter, à long terme, des énergies renouvelables excédentaires vers l’Europe.
As East Africa’s largest economy, Kenya has seen its economy grow by more than 4% for the last three years, according to data from the World Bank, while an improvement in fiscal indicators and a new constitution encouraging devolution have helped to improve governance and the public balance sheet.
Along with Tanzania and Uganda, Kenya is emerging as a new destination for oil and gas explorers after several hydrocarbons deposits in commercially viable quantities were found in the East Africa region. The extent of Kenya’s oil and gas reserves is still being determined and estimates vary widely, but some government projections suggest that its reserves could exceed Uganda’s expected...
Articles & Analysis | The development of a land bridge to transport oil across East Africa could transform the region from The Report: Kenya 2014
Kenya has long carried out exploratory drilling – a total of 31 exploration wells were drilled between 1960 and February 2012 – but until recently it did not record any significant finds. This changed in March 2012, when Tullow Oil announced an oil discovery at the Ngamia-1 well in Turkana. As of July 2014, a further 16 wells had been drilled, of which 11 were discovery...
