Connect with us
Anglostratits

Energy

Africa, Venezuela Move to Formalize Global South Energy Cooperation

Published

on

African Energy Chamber

A working visit to Caracas by the African Energy Chamber this week aims to strengthen hydrocarbon collaboration, expand focus on gas and petrochemicals and advance technical training partnerships

CARACAS, Venezuela, February 24, 2026/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org) this week advanced a structured program of cooperation with Venezuela during a high-level working visit aimed at aligning both regions on hydrocarbon development, trade expansion and capacity building.

The visit opened with meetings with the Bolivarian Republic of Venezuela’s Vice Minister for Africa, Yuri Pimentel, where discussions focused on formalizing stronger South–South collaboration across upstream investment, gas monetization and downstream industrial development. As major hydrocarbon regions navigating similar developmental pressures, both sides emphasized a shared priority: using oil and gas resources to confront energy poverty and accelerate industrialization.

Rather than treating hydrocarbons as transitional resources, discussions framed them as essential economic drivers. Both parties emphasized that oil, along with the development of natural gas and petrochemicals, represents the next phase of value creation – critical for supporting electrification, powering domestic industries and enabling broader economic development.

Our focus is practical: strengthen cooperation, expand gas and petrochemical value chains and invest in the skills required to develop our resources responsibly and competitively

The Chamber encouraged greater participation of African energy companies in Venezuela’s upstream and downstream sectors, while supporting Venezuelan engagement across African markets. The objective is not transactional engagement, but longer-term institutional alignment that strengthens intra-Global South investment flows.

Another key outcome of the visit was the advancement of structured human capital partnerships. During meetings with Universidad Venezolana de los Hidrocarburos, discussions moved beyond general cooperation and toward concrete training pathways for African professionals. The parties committed to organizing training programs for Africans and executives in oil and gas, supported by ongoing discussions with stakeholders in Namibia, Equatorial Guinea, Nigeria, Zimbabwe and Senegal. Programs under discussion include technical training in both onshore and offshore hydrocarbon operations, alongside executive-level capacity building aimed at strengthening operational and regulatory expertise across African energy markets.

Venezuela’s decades of experience in complex onshore heavy-oil production and offshore development present relevant case studies for African producers expanding their own resource bases. The Chamber committed to facilitating frameworks that support long-term training exchanges and institutional collaboration. By prioritizing technical depth and executive-level capacity building, the partnership aims to ensure that resource development is matched by domestic expertise – reinforcing local content objectives across African energy markets.

“This working visit demonstrates that Africa and Venezuela are aligned not only in resources, but in vision,” said NJ Ayuk, Executive Chairman of the AEC. “Energy poverty remains one of the greatest barriers to economic growth across the Global South. Our focus is practical: strengthen cooperation, expand gas and petrochemical value chains and invest in the skills required to develop our resources responsibly and competitively.”

As Africa scales upstream production and accelerates gas commercialization, partnerships grounded in technical exchange and industrial expansion are becoming increasingly strategic. The working visit signals a shift toward structured South–South energy alignment – one that links resource development, industrial policy and human capital under a unified development framework.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Transnet Freight Rail Chief Executive Officer (CEO) to Spotlight South Africa’s Rail Reform at African Mining Week (AMW) 2026

Published

on

Etu Energias

As South Africa accelerates freight rail reforms and private sector participation to unlock mining investment, Transnet Freight Rail CEO Russell Baatjies will outline the company’s infrastructure modernization strategy and opportunities for investors at African Mining Week 2026

CAPE TOWN, South Africa, August 20, 2026/APO Group/ –Russell Baatjies, Group Chief Executive of Transnet Freight Rail, has been confirmed as a speaker at African Mining Week (AMW) 2026 – Africa’s premier gathering for the mining industry – taking place October 14-16 in Cape Town.

 

Baatjies will participate in the Regional Connectivity: Financing Africa’s Mineral Infrastructure panel, where he is expected to discuss Transnet’s strategy to modernize South Africa’s freight rail network, expand private sector participation and strengthen regional logistics corridors to support mining growth and cross-border trade.

His participation comes as South Africa accelerates sweeping logistics reforms aimed at removing infrastructure bottlenecks and unlocking greater investment across its mining sector. As the country seeks to mobilize R2 trillion to develop its critical minerals industry – including an estimated R40 trillion in untapped iron ore resources – expanding rail and port capacity has become central to increasing exports of coal, platinum group metals, manganese, chrome and iron ore while improving regional trade connectivity.

In May 2026, Transnet signed rail access agreements with 11 Train Operating Companies (TOCs) serving the coal, manganese, container, fuel and general freight sectors, marking a major step toward opening the national freight rail network to private operators. The agreements are expected to add 24 million tons of annual freight capacity, with the potential to increase to 52 million tons over the next five years, supporting South Africa’s goal of increasing annual rail volumes from approximately 180 million tons to 250 million tons by 2030.

Building on these reforms, Transnet launched the procurement process in June 2026 for The Leasing Company, a rolling stock leasing platform designed to improve access to locomotives and wagons for both established and emerging TOCs. The initiative is expected to increase asset utilization, strengthen freight capacity and attract greater private investment into Southern Africa’s rail sector.

The company is also reinforcing its financial position to accelerate infrastructure modernization through major financing agreements, including a €300 million loan from Agence Française de Développement, a €350 million loan from the European Investment Bank, a $278 million facility from the New Development Bank, a $1 billion loan from the African Development Bank and a R94.8 billion government guarantee package supporting its long-term recovery and investment program.

Alongside infrastructure investment, Transnet is strengthening collaboration with the mining industry to improve export capacity through strategic agreements with Exxaro ResourcesUnited Manganese of KalahariHotazel Manganese Mines and Tshipi é Ntle Manganese Mining, reinforcing efforts to support higher mining production through more efficient logistics.

At AMW 2026, Baatjies is expected to examine how rail modernization, private sector participation and regional logistics integration can unlock new mining investment while strengthening Africa’s mineral value chains and improving access to global markets.

 

 

Distributed by APO Group on behalf of Energy Capital & Power.

 

Continue Reading

Business

Senegal’s President and Energy Minister Confirm Official Patronage at MSGBC Oil, Gas & Power 2026

Published

on

African Energy Chamber

MSGBC Oil, Gas & Power 2026 will take place from 1-3 December in Dakar under the High Patronage of President Bassirou Diomaye Faye and in partnership with the Ministry of Energy and Petroleum of the Republic of Senegal

DAKAR, Senegal, August 18, 2026/APO Group/ —MSGBC Oil, Gas & Power 2026 has confirmed the official participation of Senegalese President Bassirou Diomaye Faye and Minister of Energy and Petroleum Dr. El Hadji Abdourahmane Diouf at this year’s event, set to take place 1-3 December at the Centre International de Conférences Abdou Diouf (CICAD) in Dakar.

Held under the High Patronage of President Faye and in partnership with the Ministry of Energy and Petroleum, MSGBC Oil, Gas & Power 2026 reflects the Senegalese government’s commitment to advancing energy sector investment and development across the MSGBC basin.

Minister Diouf assumed office in June 2026 following the formation of Senegal’s new government, which restructured the former Ministry of Energy, Petroleum and Mines into separate portfolios to place dedicated institutional focus on the country’s expanding hydrocarbons sector. He previously served as Minister of Higher Education, Research and Innovation and as Minister of the Environment and Ecological Transition.

Their participation comes as Senegal consolidates its position as a new oil and gas producer. The Sangomar field produced 17.9 million barrels in the first half of 2026, while the Greater Tortue Ahmeyim LNG project – shared with Mauritania – is now operating at full capacity following its first export cargo in early 2025.

Organized under the theme Powering Investment, Delivering Prosperity: Executing the Region’s Energy Strategy, MSGBC Oil, Gas & Power 2026 will convene heads of state, ministers, investors, operators and development partners to shape the next phase of energy investment across Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.

For more information and registration, visit www.msgbcoilgasandpower.com https://apo-opa.co/4xL10v4.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Energy

Energy Intensive Users Group of Southern Africa (EIUG) and VUKA Group announce joint EIUG Conference and C&I Energy + Storage Summit

Published

on

Energy

The EIUG Conference will provide a platform for open dialogue on electricity industry challenges and opportunities

JOHANNESBURG, South Africa, August 18, 2026/APO Group/ –The Energy Intensive Users Group of Southern Africa (EIUG), together with VUKA Group (https://WeAreVUKA.com/), will co‑host the EIUG Conference alongside the C&I Energy + Storage Summit, created by VUKA Group, on 28–29 October 2026 at The Maslow Hotel, Sandton.

The EIUG Conference is more than a gathering – it is a platform to shape South Africa’s industrial energy future

The EIUG Conference will provide a platform for open dialogue on electricity industry challenges and opportunities. It will bring together government, industry leaders, energy‑intensive consumers, and service providers to exchange perspectives, strengthen industrial competitiveness, and explore solutions for South Africa’s energy future.

The two‑day programme features ministerial and industry keynotes, panel discussions on tariff escalation, carbon tax, CBAM, and electricity market reforms, as well as masterclasses on financing, digitalisation, grid security, and hydrogen development.

Delegates will also benefit from networking functions, case study presentations, and practical workshops designed to accelerate the just energy transition.

“The EIUG Conference is more than a gathering – it is a platform to shape South Africa’s industrial energy future,” says Fanele Mondi, EIUG CEO. “ By bringing together government, industry, and service providers, we aim to foster open dialogue and practical solutions that support competitiveness, sustainability, and resilience.”

For more information, visit EIUG Conference (https://apo-opa.co/4x0Wzwd).

Distributed by APO Group on behalf of VUKA Group.

Continue Reading

Trending