Treasury has estimated it could โresult in around $6 billion in annual savings for the 17 largest net oil-importing African countries. We are seeing examples of emerging markets saving even more by using the price cap to negotiate steeper discounts with Russia. And we encourage more countries to do the same.โ
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
The Democratic Alliance (DA) noted there had been more than 120 days of power problems in 2022. NERSAโs increase, it said, is โofficial sanctioned daylight robbery against citizensโ.
ABB has agreed to pay 2.5 billion rand ($144 million) to South Africa in order to resolve criminal conduct relating to its work for power utility Eskom.
Prime Minister Rishi Sunak has vowed to help โturbochargeโ investments in South African infrastructure, calling out green hydrogen opportunities in particular.
Partners in Nigeriaโs OML 127 and 130 continue to work on conversion to new terms โ with success potentially triggering approval for the Preowei discovery.
South Africa can develop its natural resources and achieve net zero, according to one industry insider, but more must be done legislatively and to secure community support.
South Africaโs government will utilize 90% of an $8.5 billion climate-finance package that wealthy nations offered it to transition to cleaner energy to bolster its power supply, according to an investment plan released on Friday.