Mondaq Middle East & Africa: Energy and Natural Resources
For some time now, governments in the Middle East and North Africa have been under pressure to diversify their energy portfolios by bringing in alternative sources of energy to supplement traditional fossil fuel power.
Pre-Qualification Decree 9882/2013 issued on 21 February 2013 ushers the official opening of the Pre-Qualification Round for oil and gas companies wishing to participate in Lebanon’s first offshore licensing round.
With an estimated 1.7 billion barrels of recoverable oil and 122 trillion cubic feet (TCF) of recoverable natural gas, the Levant Basin Province in the eastern Mediterranean is an exciting new frontier for the oil and gas industry.
Major natural gas reserves recently discovered off the coast of Israel have ignited considerable interest in the hydrocarbon potential of the East Mediterranean basin.
In 1931 King Abdulazziz al-Saud, the founder of the modern Kingdom of Saudi Arabia, appointed a geologist to investigate the possible existence of oil and minerals in national territory.
The Kingdom of Saudi Arabia is now soliciting comments on its recently unveiled draft plan to tap the sun and other renewables as major domestic energy sources.
It has been well publicized that it is the intent of the Government of the Kingdom of Saudi Arabia (KSA) to establish mining as the third pillar of the Saudi economy alongside hydrocarbons and petrochemicals.
Responding to increasing internal energy demands, Saudi Arabia is investing in alternative energy sources to keep its petroleum inventory available for profitable exporting.
The numerous renewable energy, economic and infrastructure developments on the African continent make it an attractive investment destination.
On 28 February 2013 the National Energy Regulator of South Africa (NERSA) approved an 8% average increase per annum for the period from 1 April 2013 to 1 April 2014.
A discussion on the matters brought up at the Africa Oil Week in Cape Town, South Africa.
On 27 December 2012 the South African Cabinet approved the draft Mineral and Petroleum Resources Development Amendment (MPRDA) Bill, 2012.
As the country continues to count the costs of widespread industrial action including the loss of lives of mine workers and members of the security police, the long term socio-economic effects are incalculable.
February passed with no further formal communication from MEM or TPDC on the status of the Natural Gas Policy though TPDC and the Minister of Energy and Minerals have made informal pronouncements suggesting that progress has been made.
A discussion on Tanzania’s draft Natural Gas Policy.
Tanzania's Ministry of Energy and Minerals released the first draft of the country's Natural Gas Policy to the general public and announced the start of a 21 day consultation period on the document.
The first draft of Tanzania's Natural Gas Policy was released to the general public on 2 November 2012.
Tanzania's long awaited Gas Policy is expected to reach the public domain at the end of the month.
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In 1931 King Abdulazziz al-Saud, the founder of the modern Kingdom of Saudi Arabia, appointed a geologist to investigate the possible existence of oil and minerals in national territory.
The numerous renewable energy, economic and infrastructure developments on the African continent make it an attractive investment destination.
The Federal Government of Nigeria has set in place a framework for the generation and distribution of energy in accordance with the implementation of the Electric Power Sector Reform Act, 2005.
Given the current situation in Libya, consultants, contractors and developers of infrastructure projects should continue to focus their attention on future opportunities in the country.
Following recent gas finds, Tanzania has joined a new group of energy players in the African market.
The first draft of Tanzania's Natural Gas Policy was released to the general public on 2 November 2012.
On 18 July 2012, the Petroleum Industry Bill 2012 (PIB or ‘the Bill’) was forwarded to the National Assembly for consideration and passage into law.
For some time now, governments in the Middle East and North Africa have been under pressure to diversify their energy portfolios by bringing in alternative sources of energy to supplement traditional fossil fuel power.
Mining in Sierra Leone has always been identified with diamonds but the post conflict era has seen development in iron ore and rutile and a gold sector emerge.
