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TotalEnergies to Drive Libya’s Production Expansion

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Pedro Ribeiro

Pedro Ribeiro, Managing Director and Country Chair – Libya for TotalEnergies, outlined the company’s plans to optimize field performance, boost output from Waha and Sharara and pursue exploration in the Murzuq Basin in an interview with Energy Capital & Power

TRIPOLI, Libya, January 22, 2025/APO Group/ — 

In an exclusive interview with Energy Capital & Power (www.EnergyCapitalPower.com), Pedro Ribeiro, Managing Director and Country Chair – Libya for TotalEnergies, shared the company’s strategic plans to enhance field performance, increase production at Waha and Sharara and advance exploration efforts in the Murzuq Basin.  

With TotalEnergies participating in approximately half of Libya’s national production, how do you plan to build on this success and support Libya’s ambitious goal to further increase its oil and gas output in the coming years? 

TotalEnergies has been present in Libya for over 60 years and is proud to have contributed, through its partnerships with the National Oil Corporation (NOC), to the development of Libyan oil and gas production and to the recent national production records above 1.4 mboe/d. Both Waha and Sharara, which TotalEnergies is a partner of, have recorded their highest daily productions over the decade, above 370 kbo/d for Waha and 300 kbo/d for Sharara. The plan of TotalEnergies to contribute to Libya’s further production expansion is threefold: 

  • By optimizing the performance of the operating fields: infills, reinstatement and maintenance of installations, wells stimulation, etc. The recent production records of Waha and Sharara have shown how significant are the outcomes of such a steady effort. 
  • By undertaking larger scale projects, such as Mabruk, which is set for a restart in 2025 thanks to an early production facility (EPF), which will bring production initially to 25 kb/d before a ramp-up to higher rates at later stages. Other new projects in Waha and Sharara are also being evaluated. 
  • By continuing our exploration effort. TotalEnergies, together with its partners, has resumed exploration activities in Libya’s Murzuq Basin, with the drilling of the Nesser well, putting an end to a long suspension of the exploration effort around Sharara. Libya holds a strategic position in TotalEnergies’ global upstream portfolio with its large, significantly untapped and low emitting resources. TotalEnergies is committed to further contribute to Libya’s production expansion. 

Could you provide an update on the current status of the Waha production baseline and any upcoming developments in this area? 

A consistent and ambitious production enhancement initiative has been launched in 2023 and has been steadily continued over 2024, aimed at increasing production by up to 120 kbo/d. By mobilizing drilling and work-over rigs, drilling wells, restoring the integrity and potential of the wells, renewing equipment and piping and reinstating water injection systems, significant outcomes have been targeted and achieved. Having just recorded a sequence of daily production records over 370 kbo/d, Waha testifies the relevance of the strategy putting a strong focus on the reliability and optimization of the existing fields. A number of challenges still lie ahead, and we trust the Waha partnership will deliver further. 

In addition, together with the NOC, TotalEnergies has continued to progress the ambitious North Gialo project, which has the potential to increase Waha’s production by another 100 kbo/d, and plans to spud an exploration well in 2025. 

Finally, safety is TotalEnergies’ first value. We are committed to constantly improve our Safety and Environment performance, which is also the best guarantee to achieve sustainable and steady production results. An integral part of the plan is to constantly promote and diffuse a strong progress in HSE culture throughout Waha’s operations. 

TotalEnergies has committed to reducing gas flaring and methane emissions in the Waha fields. Can you share more details on the specific actions being taken to achieve this and the timeline for implementation? What role do you see TotalEnergies playing in Libya’s broader energy transition? 

In 2023, TotalEnergies championed the Oil and Gas Decarbonization Carter (OGDC) launched at the COP28, which was signed by over 50 companies, and includes the objective of “near-zero methane emissions by 2030”. Similarly, on World Environment Day (June 5th, 2023), NOC’s statement announced “Mubadara 2030”, Arabic for “Initiative 2030”, with the ambition of “minimizing gas flaring across all fields, facilities, and oil sites” with the ultimate objective of eliminating flaring by the year 2030. 

Throughout its Libyan activities, TotalEnergies sees its role as a promoter of the best environmental practices that will make Libyan oil and gas as low impact as possible. A number of actions have been undertaken, together with the NOC and the operating companies, aiming at reducing and eliminating gas flaring or venting through gas recovery for generation whether on-site or for routing to gas power plants, and through optimization of compressors. Two initiatives embody what TotalEnergies is promoting as a responsible energy producer: 

  • TotalEnergies’ AUSEA technology, a drone-mounted suite of sensors ensuring access to hard-to-reach emission points while delivering readings with the highest precision, has been made available to its Libyan partnering operating companies. A concrete action to encourage the move toward zero methane emissions.
  • The Mabruk EPF will recover by design all the produced gas to use it for the process of heating needs. It will be the first of its kind in Libya.  

TotalEnergies is moving forward with its 500 MW solar PV project, in partnership with REAOL and GECOL. How do you view the potential for solar energy in Libya, and what steps is TotalEnergies taking to ensure the success of this project as a model for future renewable energy initiatives in the country? 

Libya enjoys a first-in-class solar irradiation, which makes solar a potential ideal substitute for fuel oil and gas for power or heat generation. Besides the resource, the development of solar projects requires several enablers that must be secured prior to launching construction: a suitable piece of land, a reliable grid connection to export the solar plant energy production to the end consumers and absorb the generated output, environmental and construction permits and an offtake contract securing the payment of the electricity produced. Together with REAOL and GECOL, and the support of the NOC, TotalEnergies is progressing in securing these enablers to make the Misrata 500 MW solar project a first of its kind in Libya. 

The sunlight is readily available in Libya with spacious land. While respecting the environment, opportunities for solar projects should be contemplated to substitute and complement fuel gas in supplying Libya with clean power. TotalEnergies sees its Misrata utility-scale project as a reference project that will also be a test bench for the solar supply chain in Libya. 

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

Energy

U.S.-Africa Energy & Minerals Forum Expands to Critical Minerals and Supply Chain Security

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Africa

This year’s U.S.-Africa Energy & Minerals Forum in Houston signals a strategic shift toward integrated energy and critical minerals investment, strengthening U.S. partnerships across Africa’s resource and industrial value chains

HOUSTON, United States of America, February 26, 2026/APO Group/ –The U.S.-Africa Energy & Minerals Forum (USAEMF) has relaunched with a dedicated focus on critical minerals, marking an important evolution in its role as a platform for U.S.-Africa commercial engagement. Building on its foundation in energy, power and industrial projects, the forum’s expanded scope positions it at the center of investment conversations shaping the future energy economy.

 

Scheduled for July 21–22, 2026, in Houston, Texas, USAEMF comes at a time of surging global demand for copper, cobalt, lithium, manganese and rare earth elements, driven by electrification, battery storage, AI infrastructure and advanced manufacturing. Africa is increasingly critical to securing these materials, highlighting how energy and minerals are now interconnected pillars of industrial growth, geopolitical stability and decarbonization.

The forum’s minerals mandate deepens engagement with African producers – particularly the Democratic Republic of Congo (DRC), home to some of the world’s largest copper and cobalt reserves. Momentum is building through the U.S.–DRC strategic minerals framework and the U.S.-backed Orion Critical Mineral Consortium, a major investment platform supported by the DFC and private partners. The consortium is pursuing a 40% stake in the Mutanda and Kamoto copper-cobalt operations in a $9 billion transaction, securing long-term supply for allied markets while reinforcing cooperation on infrastructure, security and supply-chain governance.

Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties

U.S. financing is also expanding across the region, with the DFC managing a continental portfolio exceeding $13 billion to support mining, processing and transport infrastructure for critical mineral supply chains. Recent commitments include rare earth, graphite and potash projects in Malawi, Mozambique and Gabon; broader investments in Uganda, Tanzania, Zambia and South Africa; and $553 million linked to the development of the Lobito Corridor. The DFC is also a major backer of TechMet, a U.S.-supported investment firm valued at over $1 billion, which is raising up to $200 million to expand copper, cobalt, lithium and rare earth assets and pursue new opportunities across the DRC and Zambia. Together, these initiatives underscore Washington’s push to diversify battery-mineral supply while positioning Africa as a long-term partner in clean energy and industrial value chains.

Houston’s role as host city reflects the alignment between American industrial capacity and African resource development. Long established as a global energy hub, the city is expanding into energy transition technologies, advanced materials, carbon management and industrial innovation. By convening African governments with U.S. private equity, development finance institutions, exporters, insurers and technical service providers, the forum creates a commercial platform capable of converting mineral potential into bankable projects.

“The evolution from USAEF to USAEMF reflects a broader shift toward integrated energy and mineral development,” states Nadine Levin, Portfolio Director at Energy Capital & Power, forum organizers. “Placing critical minerals at the center while maintaining strong hydrocarbons engagement strengthens U.S.-Africa commercial ties and advances projects that deliver long-term shared value.”

While critical minerals define the forum’s strategic expansion, the U.S.’ longstanding role in Africa’s energy sector remains central to the platform’s value proposition. American energy companies continue to advance exploration and development across key upstream markets, support gas monetization in the Gulf of Guinea and revitalize mature production in North Africa. U.S. export credit and development finance are also helping unlock large-scale LNG capacity in Mozambique while supporting optimization and expansion across existing gas infrastructure in West Africa – demonstrating how American capital, engineering expertise and risk-mitigation tools convert resource potential into delivered energy systems.

USAEMF is the leading platform connecting U.S. capital and technical expertise with Africa’s energy and minerals sectors. For more information or to participate at the upcoming forum, please contact sales@energycapitalpower.com

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

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Pesalink and Pan-African Payment and Settlement System (PAPSS) Unlock Cross-Border Payments in Local Currencies in Kenya

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Pesalink

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders

NAIROBI, Kenya, February 26, 2026/APO Group/ —

  • Instant 24/7 bank-to-bank transfers across African borders in local currencies.
  • Simpler cross-border payments for individuals, businesses, and SMEs.
  • 80 plus Pesalink network participants now linked to 160 plus PAPSS participating banks.

 

Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payment and speed up regional financial integration.

 

The partnership enables instant 24/7 cross-border payments from PAPSS participants into banks and mobile money operators within the Pesalink network in Kenya, all settled in local currencies. This reduces complex correspondent banking requirements and reliance on foreign reserve currencies.

 

Kenyan banks will now be able to offer faster, cheaper cross-border payments

PAPSS, an initiative of the African Export-Import Bank (Afreximbank) in collaboration with the African Union and the AfCFTA Secretariat, enables cross-border payments between African countries. Pesalink is now a Technical Connectivity Provider. It means that 80 plus Kenyan bank, fintech, SACCO and telco participants on the Pesalink network will be connected to 160 plus commercial banks and fintechs on the PAPSS platform.

 

Cross-border payments remain expensive and slow for many African businesses. The 2023 (http://apo-opa.co/4baDSh7) World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent (above the global average of 6–7%). Settlement can also take three to seven business days.

 

The Pesalink–PAPSS partnership will reduce costs, speed up settlements, and help individuals, SMEs and businesses send money more efficiently across borders.

 

Speaking during the partnership signing held at Pesalink offices in Nairobi, PAPSS CEO Mike Ogbalu III said, “For PAPSS to deliver true impact, collaboration with national and private switches like Pesalink is essential. Pesalink is the first switch we’ve piloted for transaction termination in Kenya, and we are already seeing greater adoption by opening more channels for seamless, local-currency cross-border payments across Africa.”

 

Pesalink CEO, Gituku Kirika, said “Kenyan banks will now be able to offer faster, cheaper cross-border payments. They will be helping their customers grow more regional trading relationships and thrive in a more integrated digital economy.”

Distributed by APO Group on behalf of Afreximbank.

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Africa Trade Conference Returns to Cape Town with Esteemed Speakers Driving Africa’s Trade Agenda

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Africa

Second edition convenes global policymakers, business leaders, and innovators to accelerate Africa’s integration into global trade

CAPE TOWN, South Africa, February 26, 2026/APO Group/ –Access Bank Plc (www.AccessBankPLC.com) is proud to announce the distinguished line-up of speakers for the second edition of the Africa Trade Conference (ATC 2026), scheduled to take place on March 11, 2026, at the Cape Town International Convention Centre, Cape Town, South Africa. Building on the strong foundation of its inaugural edition, ATC 2026 will convene an exceptional assembly of global and African leaders, policymakers, investors, and business executives committed to shaping the future of trade on the continent.

The Africa Trade Conference has rapidly emerged as a premier platform for advancing dialogue and action around Africa’s evolving role in global commerce. The 2026 edition will feature influential voices from across finance, government, development institutions, and the private sector, who will share insights on unlocking trade opportunities, strengthening intra-African commerce, enabling business expansion, and positioning African enterprises for global competitiveness.

The confirmed speakers represent a powerful cross-section of leaders driving Africa’s economic transformation.

Building on the momentum of its maiden edition, which convened senior decision-makers from 28 countries, the 2026 conference with the theme “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact”, will have the keynote address delivered by Kennedy Mbekeani, Director General, Southern Africa Region, African Development Bank (AfDB), alongside Kwabena Ayirebi, Managing Director, Banking Operations at the African Export-Import Bank. Their joint keynote will address the evolving financing landscape for African trade and the strategic pathways for unlocking continental prosperity.

The welcome address will be delivered by Roosevelt Ogbonna, CEO/GMD, Access Bank Plc, who will set the tone for discussions centered on trade transformation, financial inclusion, and regional competitiveness, while Tolu Oyekan, Managing Director & Partner at Boston Consulting Group, will deliver insights on “Africa Trade Outlook 2026”, examining emerging macroeconomic trends, supply chain shifts, and growth opportunities across key sectors.  The CEO of Pan-African Payment and Settlement System, Mike Ogbalu, will be engaging the conference participants on the topic, “Building a Connected Africa Through Trade, Payments & Technology”, focusing on how payment interoperability and digital infrastructure can accelerate the African Continental Free Trade Area (AfCFTA) agenda.

The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us

The conference will also host a High-Level Ministerial Panel that features Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness & Industry, Ghana; Tiroeaone Ntsima, Minister of Trade and Entrepreneurship, Botswana; Mr. Florian Witt, Divisional Head, International & Corporate Banking Oddo-BHF, Ms. Nathalie Louat – Global Director, International Finance Corporation (IFC), Dr Isaiah Rathumba – Head of Department, Limpopo Economic Development, Environment and Tourism and Mr. Alfred Idialu – Chief Rep Officer, Deutsche Bank among other policymakers shaping trade policy across the continent.

Commenting on the announcement, Roosevelt Ogbonna, Managing Director/Chief Executive Officer of Access Bank Plc, said:
“The Africa Trade Conference reflects our unwavering commitment to advancing Africa’s economic transformation by creating a platform that brings together the leaders, institutions, and ideas shaping the future of trade. The calibre of speakers confirmed for this year’s conference underscores the urgency and opportunity before us. Africa is not only participating in global trade, it is helping to redefine it. Through this convening, we aim to catalyse partnerships, unlock new opportunities for businesses, and accelerate Africa’s integration into global value chains.”

“At Access Bank, we see ourselves not just as financiers, but as connectors of markets, ideas, and opportunities. Our role is to help African businesses move from ambition to impact, from local relevance to global competitiveness.”

With operations in 24 countries globally, including 16 across Africa, Access Bank’s expansive footprint places it in a unique position to facilitate cross-border trade, unlock regional value chains, and simplify the complexities of doing business across markets.

“Our presence across Africa and key global corridors gives us a front-row seat to the realities of trade. It also gives us the responsibility to design solutions that are inclusive, scalable, and future facing. ATC 2026 is part of that commitment, Ogbonna added.

ATC 2026 is expected to catalyze partnerships, enable policy dialogue, and provide actionable strategies for businesses operating within and beyond the continent.

The Access Bank Chief puts it thus, “Africa will not be a spectator in the remaking of global trade. We will be one of its architects. ATC 2026 is where those blueprints will be drawn.”

For more information and registration, please visit https://apo-opa.co/4sdXWF7

Distributed by APO Group on behalf of Access Bank PLC.

 

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