Author: Mozambique Resources Post

Global Markets: BMI Reveals Latest Brent Oil Price Forecasts

Posted on by Mozambique Resources Post
Global Markets: BMI Reveals Latest Brent Oil Price Forecasts

BMI, a Fitch Solutions company, has revealed its latest Brent oil price forecasts in a report sent to Rigzone recently. The report shows that BMI sees the commodity averaging $80 per barrel this year, $83 per barrel in 2024 and 2025, and $80 per barrel in 2026 and 2027. A Bloomberg Consensus included in the report projected that Brent would average $81 per barrel in 2023, $83 per barrel in 2024, $81 per barrel in…

Read More

Aiming Energy Transition: Mozambique plans climate announcement worth billions at COP28

Posted on by Mozambique Resources Post
Aiming Energy Transition: Mozambique plans climate announcement worth billions at COP28

Mozambique is seeking to become the latest country to secure an energy-transition pact with wealthy nations and is targeting an announcement at the COP28 climate summit later this year. The southern African country, one of the world’s poorest, plans to harness its abundant hydro, solar and wind potential to meet its own power needs and those of its neighbours, as well as using that electricity to process battery minerals such as graphite and lithium, said…

Read More

Drop in coal prices forces Vulcan to review contracts with suppliers in Mozambique

Posted on by Mozambique Resources Post
Drop in coal prices forces Vulcan to review contracts with suppliers in Mozambique

The Indian multinational Vulcan, which is mining coal in Moatize district, in the central Mozambican province of Tete, is revising its contracts with various suppliers of goods and services because of the dramatic drop in coal prices on the international market. According to data from the “Trading Economics” website, in one year alone, the price has fallen by 289 dollars per tonne, and currently stands at 147 dollars per tonne. Without much value on the…

Read More

Africa Oil & Gas: Nigerian Gas Tanker Explosion Kills At Least 35

Posted on by Mozambique Resources Post

Recruiters LoginSign Up Nigerian Gas Tanker Explosion Kills At Least 35 by Reuters | Monday, September 10, 2018 inShare ABUJA, Sept 10 (Reuters) – At least 35 people were killed on Monday and hundreds injured when a gas tanker exploded in northern Nigerian state of Nasarawa and started a blaze, the state emergency agency said. The State Emergency Management Agency (SEMA) official said the accident happened at a petrol station along the Lafia-Makurdi road linking…

Read More

DR Congo: Exim Bank India Finances DRC Solar

Posted on by Mozambique Resources Post
DR Congo: Exim Bank India Finances DRC Solar

The Indian Export-Import Bank (Exim Bank of India) granted $83.11 million to the government of the Democratic Republic of Congo to finance three solar power plants. The three solar power plants, with a combined capacity of 35 MW, will be located in the provinces of Karawa, Mbandaka and Lusambo. “With the signing of these three new lines of credit worth $83.11 million, the Exim Bank has, until then, set up 10 credit lines for the…

Read More

Zambia: Largest Solar Plant Complete

Posted on by Mozambique Resources Post
Zambia: Largest Solar Plant Complete

President Edgar Lungu has commissioned a 54-MW solar power plant, as the construction of the Bangweulu plant reached completion. The plant is Zambia’s largest renewable energy project, constructed at a cost of $60 million. The solar power plant under the Bangweulu Power Company Limited is a JV of the Industrial Development Corporation and Neoen, a French company. The World Bank Group’s Scaling Solar Project awarded a contract to Neoen to construct a 100 MW solar…

Read More
1 2 3 4 5 6 … 481