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African Energy Week (AEW): Organization of the Petroleum Exporting Countries (OPEC) Highlights Africa’s Rising Oil Demand, Calls for Realistic Energy Pathways

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Speaking at African Energy Week 2025: Invest in African Energies in Cape Town, OPEC officials emphasized Africa’s rising energy demand, the continent’s development priorities and the need for trillions in investment to balance growth with sustainability

CAPE TOWN, South Africa, September 30, 2025/APO Group/ –OPEC officials highlighted Africa’s growing role in global energy demand and refining during a workshop at African Energy Week (AEW): Invest in African Energies in Cape Town on Monday, stressing that investment and realistic energy pathways will be essential for the continent’s development.

Presenting findings from the organization’s 2025 World Oil Outlook, Dr. Abderrezak Benyoucef, Head of the Energy Study Department at OPEC, noted that global primary energy demand is set to increase by 23% by 2050, with non-OECD countries accounting for nearly three-quarters of that growth. Africa alone is projected to add 4.2 million barrels per day (bpd) in incremental oil demand, while contributing around 3 million bpd to long-term global refining capacity.

“There are no signs of global oil demand peaking anytime soon in our outlook, and we need more investments and realistic future energy pathways,” he stated. “Africa will need more energy for economic development – not just electricity, but also to expand clean cooking access and improve health and education outcomes. LPG is one of the solutions.”

Africa will need more energy for economic development – not just electricity, but also to expand clean cooking access and improve health and education outcomes

According to OPEC, oil will retain the largest share of the global energy mix through 2050, while natural gas overtakes coal as the second-largest source. Developing countries are expected to account for 75% of incremental electricity demand, underscoring the need for targeted investment in Africa’s power and downstream sectors.

Dr. Benyoucef stressed that $18.2 trillion in cumulative investments will be needed globally over the period, including $14.9 trillion for upstream oil and gas projects. “We need all energy sources, but we also need emissions reductions,” he said, calling for the scale-up of technologies like carbon capture, utilization and storage.

Dr. Sulaiman Saad, Senior Oil Demand Anayst at OPEC, outlined the macroeconomic context underpinning the outlook. “The global economy is becoming more resilient – China, the U.S. and India are pushing this momentum of growth,” he said. He warned, however, of challenges including rising sovereign debt, supply chain fragmentation and uneven industrial recovery.

On the downstream front, OPEC sees refining growth shifting toward developing economies. “The largest share of refining additions are to take place in the developing regions,” said Mohammed Attaba, Senior Downstream Oil Industry Analyst at OPEC. “The migration of refining capacities will continue from developed to developing countries – we have been observing this trend for several years now.”

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

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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.

 

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

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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.

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

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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.

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