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Exploration

The African Energy Chamber signed a memorandum of understanding (MoU) with the African Petroleum Producers Organisation (APPO) in Brazzaville 

Africa Oil Corp has received the final approval from the Government of the Republic of South Africa for the transfer of a 6.25% interest in Block 3B/4B in the Orange Basin from Azinam Limited, a wholly owned subsidiary of Eco (Atlantic) Oil & Gas Ltd, to the Company as announced on 11 July 2023 

This year may see a broadly balanced oil market, reflecting slackening demand in advanced economies (impacted by monetary tightening), OPEC+ alliance cuts, plus a slowdown in non-OPEC supply, says economist Moin Siddiqi

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