Mauritania
Mauritania, OPEC Fund Sign $120M Partnership Agreement
The partnership will advance sectors such as renewable energy, clean water, food security, improved transport and clean cooking solutions.
News
Read the latest Archives of oil, gas and energy news.
OPEC Fund Achieves Record $2.3B in 2024 Development Finance
Approximately 73% of the OPEC Fund for International Development was delivered to Africa.
“Connecting People to Electricity” – OPEC Fund joins Mission 300 with a $2 billion pledge
The OPEC Fund has joined Mission 300 by pledging $2 billion, connecting 300 million people to electricity.
Egypt
OPEC Fund Commits $30M to 1.1 GW Egyptian Project
The 5.5 MW wind farms will be Africa’s largest wind project.
Libya
Libya Drives OPEC Production Growth
Libya’s oil production has reached 1.4 million barrels per day – the highest level since 2013.
Libya
OPEC, APPO and GECF Secretaries General to Speak at Libya Energy & Economic Summit 2025
Taking place in January 2025, the Libya Energy & Economic Summit serves as the country’s global energy event.
Global Oil Demand to Rise 24% by 2050, Says OPEC
The organization projects global oil demand to reach 120.1 million barrels per day by 2050.
Madagascar
Africa50, AfDB, OPEC Fund to Support Clean Cooking in Madagascar
The AfDB, the OPEC Fund for International Development and the government of Madagascar have signed a Letter of Intent (LOI) to increase bioethanol production and enhance access to clean cooking fuels.
African Projects Selected for $1.2BN OPEC Fund Loans
The funding enhances OPEC Fund’s contribution towards food, energy security and economic growth in Africa.
OPEC’s Steadfast Commitment to African Members Shines at Paris Forum
The Secretary General and a high-level delegation from the Organization of Petroleum Exporting Countries made a strong appearance at the Invest in African Energy forum in Paris earlier this month, highlighting their unwavering support for African member states.
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