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Petrosen Director General to Discuss National Oil Company (NOC) Upstream Agenda at MSGBC 2023 Conference

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Petrosen

During the 2023 edition of the MSGBC Oil, Gas & Power conference, Petrosen Director General, Thierno Seydou LY, will share insights into the NOCs upstream agenda following first oil and gas production this year

NOUAKCHOTT, Mauritania, March 17, 2023/APO Group/ — 

Thierno Seydou LY, Director General for Senegalese national oil company (NOC), Petrosen, will participate at the 2023 edition of the MSGBC Oil, Gas & Power conference and exhibition (https://apo-opa.info/3YUMr6o) as a keynote speaker. During the event, Seydou will share the NOCs action plan for the upstream sector following the milestone of first oil and gas production, expected late 2023, as well as insight into progress made regarding local content, gas-to-power and other investment opportunities across the Senegalese E&P landscape.

With Senegal’s energy sector on the precipice of a transformation owing to first production at the 100,000 barrel-per-day Sangomar Oilfield development and the 2.3 million tons per annum (mtpa) Greater Tortue Ahmeyim (GTA) project, Petrosen, as the entity responsible for the government’s interests in all upstream commercial hydrocarbon activities, is committed to maintaining the development momentum ushered in with first hydrocarbons. As such, the company has prioritized the opening up of the upstream market even further, with first production representing a major incentive for interested players from the regional and global E&P landscape.

Under a consolidated development agenda which would see upstream developments translate into multi-sector investments on the back of revenue generation and reinjection, Senegal’s NOC is working towards ensuring O&G activities reap tangible benefits for the MSGBC population.

On the upstream front, Petrosen – alongside the Ministry of Petroleum and Energies – opened a licensing round in 2020 with a dozen blocks up for bid; supports the government’s goals outlined in Petroleum Code and Emergent Senegal Plan; and is working with its partners to get other large-scale projects off the ground. In addition to GTA’s Phase 1, the NOC has approved the development concept for Phase 2 of the project, which will see production increase from 2.3 mtpa to 5 mtpa while more than 20 blocks with high potential for discoveries are available, with more contracts expected to be signed this year.

Senegal’s NOC is working towards ensuring O&G activities reap tangible benefits for the MSGBC population

In addition to upstream expansion, the NOC has ambitious plans for local content and power generation, investing heavily in these segments of the economy so as to increase the contribution of the O&G industry to the wider Senegalese economy. Currently, Petrosen – under the leadership of Seydou – is working closely with the Senegalese National Local Content Monitoring Committee to strengthen the Local Content Law; on the development of key infrastructure including gas-to-power facilities; and towards the creation of the National Oil and Gas Institute – aimed at increasing the amount of experienced and skilled engineers and technicians.

Meanwhile, on the downstream front, Petrosen – through its downstream affiliate, Petrosen T&S – is working towards strengthening its presence across the industry, expanding operations into various industries including storage and petrochemicals while integrating the value chain with the future creation of a plant to produce urea from gas in order to supply the region with fertilizers. With a focus on economy-wide beneficiation, Petrosen is committed to developing every sector of the Senegalese economy on the back of oil and gas.

Serving as Director General, Seydou continues to play an instrumental part in strengthening the role of the NOC as an upstream player, ensuring that the company represents the ideal partner for majors and independents as well as a competitive player in its own right. With years of experience in the oil and gas space, and an ambition to kickstart socioeconomic growth in Senegal on the back of hydrocarbons, Seydou will drive discussions on Senegal’s E&P agenda, how the country will maintain its attractiveness for foreign investment and upcoming projects.

With regional cooperation at the fore, Petrosen continues to make strides towards positioning the country as a regional energy hub, and the MSGBC Oil, Gas & Power 2023 conference represents the ideal platform to advance this agenda.

Taking place from November 21-22 in Mauritania, MSGBC Oil, Gas & Power returns for another edition with a more refined deal-signing and engagement focus. In this sense, the event promises to be even bigger and better than before, with organizations such as Petrosen leading discussions on the future of the MSGBC regional energy sector. MSGBC Oil, Gas & Power 2023 will take place under the Patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber.

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

Events

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

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Debate

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.

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

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CLG

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.

 

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

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ITFC

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).

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