Even as global conversations increasingly focus on clean energy, oil continues to play a central role in Africa’s economic narrative, generating government revenue, employment, and strategic geopolitical influence. Libya currently holds Africa’s largest proven oil reserves at about 48.4 billion barrels, ranking ninth in the world, according to the Global Firepower report.Below are the African...
Day: February 9, 2026
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Egyptian Investor Group Targets Fibre Gas Cylinder Factory in Ghana
An investment consortium from Egypt, Chemexa Petrochemical Trading and Kaolin have initiated talks to establish a fibre (composite) gas cylinder manufacturing plant in Ghana, as part of a broader plan to invest in the Petroleum Hub Development Project. The proposed factory, which would produce next-generation LPG cylinders with a lifespan of up to 20 years,...
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TDC Signals Strong Interest in Developing Residential Settlements At Petroleum Hub
TDC Ghana Ltd. has expressed strong interest in becoming a key partner in the development of the Petroleum Hub project in Jomoro, with a particular focus on contributing to the construction of residential settlements within the hub enclave.As part of the hub’s broader development and operationalisation, the Petroleum Hub Development Corporation (PHDC) is mandated to...
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Dr. Riverson Oppong Urges Africa to Scale Up Renewables to Achieve Energy Sovereignty
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC) and Africa Regional Director of the Society of Petroleum Engineers (SPE), Dr. Riverson Oppong, has called on African countries to scale up investments in renewable energy projects to achieve energy sovereignty across the continent. Dr. Oppong made the call while delivering a public...