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African Energy Chamber (AEC), Venezuelan Petroleum Leadership Forge Structured Hydrocarbon Partnership

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African Energy Chamber

The African Energy Chamber and Venezuela’s top petroleum officials have agreed on a 12-month action plan to accelerate upstream rehabilitation, gas development, trade flows and cross-continental investment

CARACAS, Venezuela, February 26, 2026/APO Group/ –Venezuela is positioning itself for accelerated oil and gas growth, targeting a near-term increase in production from 1.1 million barrels per day (bpd) to 1.2 million bpd, with a 2027 objective of 1.5 million bpd and a longer-term return toward its installed capacity of 2.8 million bpd. For African investors and service companies, the message is clear: there is structured opportunity, backed by regulatory reform, defined contract models and political commitment at the highest levels.

 

This strategic direction was reinforced during high-level engagements between the African Energy Chamber (AEC) and Venezuela’s petroleum leadership. Part of a high-level working visit to Caracas this week, the Chamber met with Eduardo Antonio Ramirez Castro, Deputy Minister of Hydrocarbon Geopolitics, Luis González, Deputy Minister of Gas and Jovanny Martinez Executive Vice President at the state-owned oil corporation PDVSA. The parties agreed to draft a 12-month joint work plan covering upstream cooperation, refining rehabilitation, gas commercialization, finance structuring, trade flows and training implementation.

“This was not a symbolic engagement – it was a serious, high-level discussion where Africa was clearly recognized as a strategic partner. The fact that all ministers in charge of the petroleum sector were present, including Deputy Minister of Petroleum Eduardo Antonio Ramirez Castro, Deputy Minister of Gas Luis González and the highest executive of the PDVSA, is a strong signal that Venezuela is ready to drive its hydrocarbon sector forward,” stated NJ Ayuk, Executive Chairman of the AEC.

“There is a clear understanding within the Ministry and at PDVSA of what African companies have achieved across complex and mature hydrocarbon markets. They have an aggressive, structured plan to develop their fields and accelerate production, and they are ready to move,”  he added.

Towards a Venezuelan Hydrocarbon Resurgence

Venezuela holds approximately 303 billion barrels of crude reserves – largely concentrated in the 54,000 km² Faja del Orinoco, home to 272 billion barrels – alongside 195 trillion cubic feet of gas. With 56,000 wells already drilled and over 100,000 additional wells targeted in the coming years, the scale of redevelopment potential is significant.

There is a clear understanding within the Ministry and at PDVSA of what African companies have achieved across complex and mature hydrocarbon markets

Considering this potential, discussions during the Caracas meetings centered on joint rehabilitation of priority PDVSA assets, including mature oil fields, Category 2 and 3 wells suitable for rapid workovers, offshore assets such as Perla and Mariscal Sucre and refinery upgrades at Paraguaná, El Palito and eastern facilities. These projects represent relatively low-capex entry points capable of delivering incremental barrels in the short term.

The country’s January 29 Hydrocarbons Law reform, alongside administrative simplification measures and optimized fiscal terms, is designed to attract new participation. Investment vehicles include Production Participation Contracts (CPPs), ATFs and Empresas Mixtas – a form of private-public partnership. Officials highlighted the success of existing CPP structures – including Petrozamora, which reportedly increased production from 23,000 bpd in 2024 to 100,000 bpd in 2026 – as evidence that the model can deliver growth.

The AEC will facilitate African participation in these structures, supporting evaluation of asset data, commercialization rights and export provisions. Majority shareholders retain export freedom, while minority partners may export under defined pricing conditions – clarity that enhances bankability. Finance will underpin execution. Premier Invest – also a participant at the meetings – is expected to structure trade finance backed by PDVSA barrels and inventory, alongside project and infrastructure finance for upstream and midstream rehabilitation. Capital mobilization discussions include Gulf partners, African national oil companies and private operators.

Strengthened South-South Energy Corridors

Gas development and Global South trade also emerged as strategic priorities. Venezuela aims to scale production from approximately 4,100 million cubic feet per day (mmcf/d) toward a 6,000–6,500 mmcf/d range, supporting domestic supply, industrial feedstock and future LNG and LPG exports. For Africa, this presents dual opportunity.

First, African firms with experience in offshore gas, LNG modularization and pipeline development can participate in infrastructure recovery and expansion. Second, commercial trade flows – particularly LPG and bitumen – offer immediate South–South cooperation pathways. The parties explored establishing long-term LPG supply channels to African markets to support clean cooking programs and reduce energy poverty. Structured bitumen agreements could also provide African infrastructure markets with more stable supply and lower import premiums.

Beyond hydrocarbons, education and technical exchange were identified as strategic pillars. Structured one-week technical programs for African executives at Venezuelan petroleum institutions, including the Bolivarian University of Hydrocarbons, will form part of a reciprocal exchange model covering petroleum engineering, geology, trading and energy law.

For the AEC, the engagement signals a shift toward deeper South–South hydrocarbon integration – positioning African companies not only as domestic operators, but as outward investors and strategic partners in one of the world’s largest resource bases.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa’s Lithium Pipeline Gains Momentum as Global Supply Deficits Loom

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Energy Capital

The upcoming African Mining Week 2026 – taking place from October 14-16 in Cape Town – will connect global investors with prospects within the lithium industry amidst an anticipated resource supply deficit by 2028

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –Rising demand for lithium is positioning Africa to attract foreign investment, accelerate local beneficiation and strengthen its role in securing the global battery supply chain. A recent forecast by Wood Mackenzie projects that global lithium demand could exceed 13 million tons by 2050 under an accelerated energy transition scenario. This surge is expected to place significant pressure on supply, with deficits emerging as early as 2028. Without substantial new investments, existing lithium projects will struggle to meet demand beyond the mid-2030s.

 

Against this backdrop, Africa’s growing pipeline of greenfield and development-stage lithium projects positions the continent as an increasingly important contributor to global supply security. In 2025, Africa ranked as the largest source of new lithium supply globally, with new output from the region exceeding that of the rest of the world combined. This milestone underscores the continent’s potential to scale production and strengthen its role in the global battery minerals market.

Emerging Lithium Producers Strengthen Africa’s Supply Pipeline

Even under a slower energy transition scenario, Wood Mackenzie projects that lithium markets will remain adequately supplied until 2037, before entering deficit. This outlook reinforces Africa’s strategic role as new projects across Mali, Zimbabwe, Ghana and Namibia advance toward production.

In the Democratic Republic of the Congo (DRC), Zijin Mining, AVZ Minerals and KoBold Metals are expected to begin operations at the Manono lithium project in mid-to-late 2026, marking the country’s first lithium output. Ranked among the world’s largest hard-rock lithium deposits, Manono is expected to begin exports shortly after commissioning, diversifying DRC’s mineral output while strengthening the continent`s contribution to the global electric vehicles and battery supply chain.

Mali Emerges as a Regional Lithium Hub

Mali is also rapidly positioning itself as a key lithium producer. The Bougouni Lithium Project, commissioned in 2025, currently produces approximately 125,000 tons per annum of concentrate, with Phase Two expansion plans underway that could nearly double production capacity.

Meanwhile, the Goulamina Lithium Project, one of the largest spodumene deposits globally, is producing around 506,000 tons of spodumene concentrate annually, with expansion plans targeting one million tons per year. Together, these projects are expected to significantly strengthen Mali and Africa’s position within the global lithium market.

Ghana and Zimbabwe Expand Lithium Production and Value Addition

In Ghana, the Ewoyaa Lithium Project, developed by Atlantic Lithium, is set to become the country’s first lithium-producing mine, with production targeted for late 2027. The project is expected to produce 3.58 million tons of spodumene concentrate grading 6% and 5.5%, alongside approximately 4.7 million tons of secondary product, further strengthening Africa’s contribution to global lithium supply.

Meanwhile, Zimbabwe – currently Africa’s largest lithium producer – is accelerating efforts to move up the value chain. Government policies restricting the export of raw lithium are encouraging investment in local processing and beneficiation facilities, supporting the production of higher-value lithium products and positioning the country as a key supplier to the global battery materials market.

Investment Momentum Builds Ahead of African Mining Week

With an estimated $276 billion in new investment required to avoid the forecast supply deficits beginning in 2028, Africa’s lithium-rich countries are well positioned to attract the capital needed to expand production and downstream processing.

In this context, African Mining Week 2026 – scheduled for October 14–16 in Cape Town – will serve as a key platform for global investors, project developers and policymakers to engage on opportunities within Africa’s lithium sector. As the continent’s premier mining investment event, the conference will feature high-level discussions, project showcases and strategic networking sessions aimed at accelerating partnerships across the lithium value chain.

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

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New Final Investment Decisions (FID) Propel Africa’s Mining Sector as Investors Eye $8.5T Untapped Potential

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Energy Capital

The 2026 edition of African Mining Week will highlight recent and upcoming FIDs, alongside key projects and investment opportunities

CAPE TOWN, South Africa, April 8, 2026/APO Group/ –Australian mining company Resolute Mining has approved a $516 million Final Investment Decision (FID) for its Doropo Gold Project in the Ivory Coast. The FID advances the project into the construction phase, with first production of 500,000 ounces per annum expected by 2028, strengthening the country and Africa’s position as major gold producers. Similarly, Toubani Resources approved a $216 million FID for the Kobada Gold Project in Mali, enabling the project to enter construction. Designed to produce approximately 162,000 ounces of gold per annum, Kobada supports Mali’s strategy to expand gold output beyond the current 60 tons per annum.

 

Such approvals signal growing capital inflows into Africa’s mining sector, as developers advance projects toward production to meet rising global mineral demand while the continent seeks investment partners to unlock its estimated $8.5 trillion in untapped mineral resources.

Rising FIDs Drive New Phase of Growth for African Mining

As more mining projects reach FID stage, Africa’s mining industry is entering a new phase of expansion, with the capital strengthening the continent’s role in global supply chains while driving infrastructure development, job creation and long-term economic growth.

With global demand for critical minerals expected to triple by 2030, FID announcements across Africa are set to accelerate, underpinned by the continent’s 30% share of energy transition metal reserves. The expanding pipeline of FIDs underscores the strong momentum building across the sector.

Rio Tinto approved a $473 million investment decision to extend the life of the Zulti South Project to 2050, strengthening South Africa’s position as a long-term supplier of mineral sands including zircon and ilmenite, which are essential inputs for construction, ceramics and advanced manufacturing industries. Meanwhile, Tharisa approved a $547 million FID for an underground expansion at its Bushveld Complex operations. The project is expected to deliver over 200,000 ounces of platinum group metals (PGMs) annually alongside more than two million tons of chrome concentrate, reinforcing the country’s position as the world’s leading supplier of PGMs.

Beyond these projects, a broader pipeline of developments is advancing toward investment decisions across the continent. Major projects including the Manono Lithium Project in the Democratic Republic of Congo, the Gorumbwa Platinum Project in Zimbabwe, the Diamba Sud Gold Project in Senegal and the Kabanga Nickel Project in Tanzania are progressing toward potential FIDs as investors position themselves to capture rising demand for battery minerals and critical metals.

Investment Momentum Ahead of African Mining Week

This growing pipeline of investment decisions and project developments will be a key focus of the upcoming African Mining Week 2026, taking place October 14–16 in Cape Town. The event will connect investors, project developers and government regulators to explore partnership opportunities and investment prospects across Africa’s mining value chain. Through high-level discussions and project showcases, the conference will examine how rising FIDs are driving production growth, strengthening infrastructure development and advancing Africa’s strategy to transform its mineral wealth into long-term economic value.

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

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Can Equatorial Guinea Reposition as West Africa’s Gas Hub?

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Energy Capital

As Equatorial Guinea advances third-party gas agreements and infrastructure plans, its hub ambitions will be showcased at the Invest in African Energy Forum, with Minister Antonio Oburu Ondo and senior industry leaders confirmed to attend

PARIS, France, April 7, 2026/APO Group/ –Equatorial Guinea is moving from strategy to execution in its bid to become a regional gas hub. A series of agreements signed in early 2026 – covering cross-border supply, upstream participation and infrastructure utilization – are positioning the country to monetize gas through existing assets and regional aggregation.

 

This agenda will take center stage at the Invest in African Energy (IAE) Forum in Paris, where Equatorial Guinea will feature in a dedicated Country Spotlight session led by Antonio Oburu Ondo, Minister of Mines and Hydrocarbons. With participation from key industry players, including Panoro Energy and Perceptum, EG Ronda bid round organizer, the forum will provide a platform to outline the country’s gas sector repositioning and where investors can engage.

Momentum behind this model has accelerated in recent months. In February 2026, Equatorial Guinea and Cameroon signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, estimated to hold around 2.5 trillion cubic feet of gas. Production from the project is slated to feed directly into Equatorial Guinea’s Punta Europa complex, reinforcing the country’s hub strategy without requiring standalone export infrastructure.

Simultaneously, the government strengthened domestic supply through a Heads of Agreement with Chevron to expand the Aseng gas project, increasing GEPetrol’s stake from 5% to over 30%. This not only stabilizes production but also secures additional feedstock for downstream processing, linking upstream development directly to the hub model.

Rather than focusing on new LNG developments, Equatorial Guinea is aggregating domestic and regional gas volumes to maximize existing infrastructure. At the core of this approach is the Punta Europa complex on Bioko Island, one of sub-Saharan Africa’s most advanced gas processing hubs, with LNG, methanol and LPG facilities already in place. The current challenge is securing reliable feedstock as output from legacy fields such as Alba declines.

The Gas Mega Hub initiative offers a faster, more cost-effective route to monetization. By processing third-party volumes from Cameroon, and potentially Nigeria, the country can leverage existing facilities while avoiding the risks and capital intensity of greenfield LNG projects. This approach opens a spectrum of investment opportunities across gas aggregation, transport, processing and downstream integration, often structured through commercially aligned frameworks that reduce execution risk.

Policy and regulatory support are central to this transition. The Ministry of Mines and Hydrocarbons has prioritized regulatory alignment and cross-border cooperation, recognizing that successful hub development depends as much on enabling frameworks as on physical infrastructure. The recent agreements reflect growing clarity and investor confidence.

For the global investment community, IAE 2026 offers a strategic opportunity to engage directly with government and operators shaping the hub model. The participation of both policymakers and companies active in the sector reinforces the credibility and immediate relevance of Equatorial Guinea’s strategy.

Equatorial Guinea is no longer waiting for new discoveries to drive growth. By leveraging existing infrastructure, securing regional supply and building flexible commercial models, the country is positioning itself as a critical node for gas monetization in West Africa. Success here could extend the life of its assets while establishing a platform for regional energy trade.

IAE 2026 (https://apo-opa.co/41nyEZQ) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com.

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

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