Connect with us

Business

MSGBC Mauritania Roadshow: EPCM Launches Energy Service Zone Nouakchott Project

Published

2 years ago

on

MSGBC

The project launch was announced during a session focusing on opportunities within Mauritania held during Energy Capital & Power’s MSGBC Oil, Gas & Power 2023 ‘conference

NOUAKCHOTT, Mauritania, November 22, 2023/APO Group/ — 

Global engineering, procurement and construction firm EPCM announced the launch of the Energy Service Zone Nouakchott project during a Mauritanian country spotlight session at the MSGBC Oil, Gas & Power 2023 conference this week. The development project will aim to provide infrastructure to key players in Islamic Republic of Mauritania’s hydrocarbons sector while incentivizing foreign direct investment into the country.

The project was launched by Alexandra Gazendam, Director of EPCM, during a discussion on Focus on Mauritania: Road Show on Exploration & Opportunities, and followed EPCM announcing the presentation of the project concept to the Ministry of Petroleum, Mines and Energy seven months prior.

Gazendam explained that the “Ministry of Petroleum, Mines and Energy will act as the project owner,” and that, “In terms of timeline, the government intends to launch the procurement process in the beginning of 2024, and we are inviting all interested investors.”

“We’ve talked a lot about the enormous potential and exceptional qualities of Mauritania and the time is now to ensure we have basic infrastructure to enable the potential of this country,” stated Gazendam, adding, “We see this project as a catalyst for foreign direct investment and an opportunity to empower the local private sector.”

The session itself served as a bridge between government decision-makers, data-experts, and industry leaders, offering a platform for the speakers to exchange insights, share information, and outline the future of energy exploration and development in Mauritania. 

Exploration must continue as it is a very stable basin, and if there is a discovery, it will likely be significant

“We are in the context of the energy transition, and we are considering exploring the potential our basin offers to make Mauritania a preferred investment destination,” stated Moustapha Bechire, General Director of Hydrocarbons for the Islamic Republic of Mauritania’s Ministry of Petroleum, Mines and Energy, adding, “We have created our hydrocarbons code, established a formal local content code – effective from next year – and are also revising the investment code. We continue the policy by promoting data and promoting hubs, especially in Nouakchott, in an area dedicated to energy.”

With proven gas reserves of 80 trillion cubic feet (tcf) and an estimated output of 10 million tons of Liquefied Natural Gas per year, development of the BirAllah Conventional Gas Field, offshore Mauritania, is poised to transform the West African country’s energy landscape. Meanwhile, straddling the maritime border between Senegal and Mauritania, Greater Tortue Ahmeyim (GTA) – set to start commercial production in 2024– is estimated to contain up to 30 tcf of recoverable gas resources, establishing the basin as a world-class gas province.

“Geology holds no concept of geographical borders,” stated Elisabeth Gillbard, Geologist for energy data and analytics company, TGS. “We know we’ve got an amazing source system across the whole north part of the MSGBC. Offshore Mauritania alone, there have been 11 major discoveries and almost every well has oil or gas shows within them. It’s a very active source system.”

During the panel session, Chems Dine Sow Deina, Exploration Manager of Mauritania’s National Oil Company, the Société Mauritanienne des Hydrocarbures (SMH), spoke on the importance of exploration in Mauritania’s offshore basin, highlighting the region’s petroleum systems and geological gas plays. “Exploration must continue as it is a very stable basin, and if there is a discovery, it will likely be significant,” Deina stated, highlighting the GTA, BirAllah, and Banda fields as some of the country’s major discoveries in recent years.

In addition to the massive GTA and BirAllah projects, gas developments in the Banda and Pelican prospects – both of which comprise 1.2 tcf of gas reserves – pave the way for heightened power generation opportunities, with specific focus placed on electrification in the projects’ development plans. As such, the potential of smaller gas fields in Mauritania’s offshore were highlighted as an exceptional opportunity for the development of a West African energy hub.

“There will be a shortfall in the electricity production in the coming years, so the intent here is to have these small fields developed for small gas-to-power schemes,” stated Elhanefy Eybih, Operations and Exploitation Manager at SMH, adding, “The intention also is to have the ability to develop other opportunities such as chemicals, small scale LNG, or competitive natural gas.”

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

Related Topics:
Continue Reading
Advertisement

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

2 days ago

on

February 6, 2026

By

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

2 days ago

on

February 6, 2026

By

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

2 days ago

on

February 6, 2026

By

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending

Exit mobile version