Egypts economic prospects are expected to be negatively impacted by import controls, inflation resulting from a substantial weakening of the Egyptian pound, and the implementation of aggressive monetary policy tightening measures
Industry
Tendeka appoints new global advisor for production enhancement
Global completions specialist, Tendeka, has appointed Paul Clark as global advisor for production enhancement
OPEC+ lowers production targets for 2024
OPEC+ maintains production targets for 2023, lowers for 2024, as Saudi Arabia announces additional 1 mn barrels per day voluntary cuts in July
Congo signs deal with Technip on capacity building in energy market
Congo’s Ministry of Hydrocarbons signed a cooperation agreement with French energy services provider Technip Energies during the Invest in African Energy Forum in Paris
Companies like Chariot, bp to begin hydrogen projects in Mauritania
Mauritania, under the leadership of Minister of Petroleum, Mines, and Energy Abdessalam Mohamed Saleh, has set forth plans for hydrogen projects that could potentially generate an impressive 80 GW of electrolyser capacity