ADVERTISEMENT
Saturday, January 28, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Involve Africa
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment
No Result
View All Result
Involve Africa
No Result
View All Result
ADVERTISEMENT
Home Energy & Environment

Mauritania Takes Aim for Equitable Economic Growth

Involve Africa by Involve Africa
June 28, 2022
in Energy & Environment
0
Mauritania Takes Aim for Equitable Economic Growth
585
SHARES
3.2k
VIEWS
https://web.facebook.com/involveafricanews?_rdc=1&https://twitter.com/involveafricanews


The key to this, highlighted in the fifth edition of the World Bank’s Report on the Economic Situation in Mauritania, lies in the country’s pioneering growth of extractive industries, notably in the energy sector, bringing significant foreign direct investment into the nation and securing formal sector job creation.

This year, Mauritania via its national oil company, La Société Mauritanienne des Hydrocarbures (SMHPM) has released a record 28 new offshore blocks for bidding, numbered 1 through 36 and surrounding the existing C-7, C-8, C-10, C-12, C-15 and C-31 blocks operated by bp, Capricorn, Shell and TotalEnergies. And already, hydrocarbon mega-reserves have been discovered in the nation, among them C-8’s 20 trillion cubic feet (tcf) of natural gas in the BirAllah and Greater Tortue Ahmeyim (GTA) fields, both operated by bp with the former approaching final investment decision this year and the latter expecting first production in 2023.

Mauritania’s energy sector does not rely on natural gas and oil alone but has plans for diversification, on scale. As its $4.8 billion GTA development, shared with Senegal, lines up to produce 220 MW of gas-to-power equivalent, agreements inked between the government of Mauritania and private firms have placed 40 GW of renewables-backed green hydrogen — costing just over $40 billion— in the pipeline. The larger of these, the Aman development by CWP Global, will produce 10 million tons of green ammonia — a carrier for hydrogen —from 18 GW of wind and 12 GW of solar power, set to reduce unemployment by one third by 2035 and boost GDP by 50-60%, within a similar timeframe. Meanwhile, Project Nour, developed by Chariot Energy, will harness 10 GW of combined solar and wind power to create 600,000 tons of green hydrogen per annum with a large part of it exported to European markets, via the Netherlands, with a new world-class ammonia import terminal under construction.

Mauritania also boasts a solid 457.9 GW of solar and 47 GW of wind potential, and its regionally leading adoption of renewable technologies to harness these resources has seen the country climb from zero renewables in 2008 to a 37% grid share today or 27.5 watts per capita in green energy. And in light of the World Bank’s findings, pushing for sustainable equitable development, a focus on public private partnerships, private investment and job creation, Mauritania’s growth and diversification plans can be seen as examples of governance and policy excellence in the Basin.

The upcoming MSGBC Oil, Gas & Power Conference 2022 will feature some of the country’s leading firms with works ranging from bp to Chariot, the unveiling of new blocks on the market and driving investment opportunities with financiers flocking in from the globe to atten. Thus, with positive recent economic developments behind it and a world-class pipeline ahead, a surplus budget balance and falling public debt, Mauritania’s economy is perhaps more secure than ever, having come back stronger after the pandemic. Head to https://msgbcoilgasandpower.com/ to register for MSGBC 2022 and join Mauritania’s leading energy actors in securing a future for the country’s power that develops both Mauritania and the region.



Source_link

You might also like

Hate Speech: A Growing, International Threat

Climate change is threatening Madagascar’s famous forests – our study shows how serious it is

Wilhelmshaven freight service launched – Railway Technology

Previous Post

Low media fees – is this trend sustainable?

Next Post

Comair’s demise a hard lesson for country’s aviation industry

Involve Africa

Involve Africa

Related Posts

Hate Speech: A Growing, International Threat
Energy & Environment

Hate Speech: A Growing, International Threat

by Involve Africa
January 28, 2023
Climate change is threatening Madagascar’s famous forests – our study shows how serious it is
Energy & Environment

Climate change is threatening Madagascar’s famous forests – our study shows how serious it is

by Involve Africa
January 27, 2023
Wilhelmshaven freight service launched – Railway Technology
Energy & Environment

Wilhelmshaven freight service launched – Railway Technology

by Involve Africa
January 27, 2023
Air Liquide and Sasol sign first long-term contract for the supply of renewable energy to the Secunda site
Energy & Environment

Air Liquide and Sasol sign first long-term contract for the supply of renewable energy to the Secunda site

by Involve Africa
January 26, 2023
Secretary of the Treasury Janet L. Yellen Announces United States (U.S.)-South Africa Task Force to Combat the Financing of Wildlife Trafficking
Energy & Environment

Secretary of the Treasury Janet L. Yellen Announces United States (U.S.)-South Africa Task Force to Combat the Financing of Wildlife Trafficking

by Involve Africa
January 26, 2023
Next Post
Comair’s demise a hard lesson for country’s aviation industry

Comair’s demise a hard lesson for country’s aviation industry

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

TikTok Helps Queer Nigerians Find Community

TikTok Helps Queer Nigerians Find Community

November 29, 2022
Amid Nigeria’s many woes, entertainers set to thrill – The Sun Nigeria

Amid Nigeria’s many woes, entertainers set to thrill – The Sun Nigeria

October 16, 2022

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Don't miss it

Black Cowboys Ride into History at the African American Museum in Dallas – NBC 5 Dallas-Fort Worth
All African News

Black Cowboys Ride into History at the African American Museum in Dallas – NBC 5 Dallas-Fort Worth

January 28, 2023
Core Scientific files motion to sell over $6M in Bitmain coupons
Crypto News

Core Scientific files motion to sell over $6M in Bitmain coupons

January 28, 2023
Yaa Pono drags Sarkodie in his new song “Yard”(WATCH)
Entertainment News

Yaa Pono drags Sarkodie in his new song “Yard”(WATCH)

January 28, 2023
Bottomline Africa: Reproductive Health Bill
News Videos

Bottomline Africa: Reproductive Health Bill

January 28, 2023
How To Report 2022 Mega Backdoor Roth In H&R Block (Updated)
Finance

How To Report 2022 Mega Backdoor Roth In H&R Block (Updated)

January 28, 2023
An important Afro-Atlantic art show falls short at LACMA
Arts

An important Afro-Atlantic art show falls short at LACMA

January 28, 2023

Social Bar

Welcome to involve Africa The goal of involve Africa is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • All African News
  • Arts
  • Business & Economy
  • Crypto News
  • Energy & Environment
  • Entertainment News
  • Finance
  • Food & Agriculture
  • News Videos
  • Politics
  • Technology
  • Tourism
  • Travel

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

Black Cowboys Ride into History at the African American Museum in Dallas – NBC 5 Dallas-Fort Worth

Black Cowboys Ride into History at the African American Museum in Dallas – NBC 5 Dallas-Fort Worth

January 28, 2023
Core Scientific files motion to sell over $6M in Bitmain coupons

Core Scientific files motion to sell over $6M in Bitmain coupons

January 28, 2023

INVOLVEAFRICA.COM

No Result
View All Result
  • Home
  • All African News
  • Politics
  • Technology
  • Entertainment News
    • Travel
    • Tourism
    • Arts
  • Finance
    • Food & Agriculture
    • Business & Economy
  • Crypto News
  • Energy & Environment

INVOLVEAFRICA.COM

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT