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How The  $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa
08:22
The New Africa Channel

How The $25 Billion Nigeria Morocco Gas Pipeline Will Change The Energy Sector In Africa

In this video, we'll present how the $25 billion Nigeria Morocco gas pipeline will change the energy sector in africa. The Royal Cabinet of Morocco has revealed that King Mohammed VI and President Buhari of the Republic of Nigeria, have recently affirmed their commitment to the construction of the Nigeria-Morocco gas pipeline. The project estimated at $25 billion will be an extension of the West African pipeline, which will link Nigeria to the coastal cities in West Africa and end at Tangiers, Morocco, at a distance of about 5,660 kilometers. The pipeline is also expected to connect with Spain through Cádiz. The 678km West African Gas Pipeline is the first regional natural gas transmission infrastructure developed in Sub-Saharan Africa, connects Nigeria with Benin, Togo and Ghana, which was officially commissioned in 2007. Natural gas pipelines primarily serve as a means of moving gas from the field to consumers. Inter- and intrastate pipelines are used for the transportation of natural gas produced from gas fields, either onshore or offshore facilities through gathering systems to commercial, residential, industrial, and utility companies. The pipelines are usually constructed of carbon steel and varying in size from 2 inches to 56 inches in diameter, depending on the type of pipeline. A natural gas transportation system is made up of compressor stations, pipelines, city gate stations, and storage facilities. The compressor station serves as the heart of the transmission system as it supplies the energy required to ensure that the gas continues to flow at a prescribed flow rate and pressure. If you enjoyed the video SUBSCRIBE & TURN ON POST NOTIFICATIONS, as we have exciting videos about trends and mega construction projects in Africa, coming up. Follow us on Instagram - https://www.instagram.com/thenewafricachannel/ Follow us on Twitter - https://twitter.com/TheNewAfricaCh1 Join us on Facebook - https://www.facebook.com/thenew.africachannel.3 This presentation contains images that were used under the Creative Commons License and Fair Use Policy. For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: newafricachannel(at)outlook.com #Nigeria #Morocco #Lago #Abuja #Casablanca #Rabat #Africa
Top 10 Countries With The Largest Oil Reserves
07:53
Uncover

Top 10 Countries With The Largest Oil Reserves

Top 10 Countries With The Largest Oil Reserves 10. Libya: 48.4 Billion Barrels The largest oil fields and greatest oil reserves of Africa are in Libya, and experts suggest that they have many more oil rich reserves that have yet to be discovered because of sanctions against foreign oil companies and internal political instability. It is widely known and very well documented that Libya has been struggling due to a civil war and the forty two year long Gaddafi regime that ended in 2011. Due to all these conflicts, Libya has hardly been able to expand their oil production capabilities. Even still, oil has amounted to as much as 98% of government revenue in recent years; and it is highly likely that they will continue to grow as they move to maximize the productivity of their oil reserves. This could lead to political and economical development in the volatile yet promising African nation. 9. The United States: 48.5 Billion Barrels The U.S.A has managed to find new levels of success in the past few years, likely due to their new and innovative techniques in drilling for oil. Horizontal drilling has been very effective; and fracking, while somewhat controversial, is undoubtedly an extremely effective approach that has tapped into previously inaccessible sources of oil. These advances have enabled the extraction from plentiful reserves of oil and shale. In 2012, the U.S. reached the 36 million barrel mark for the first time since 1975. In a country that expends more oil than many other nations in the world, this is a key development which can provide its citizens with a much-needed commodity and even the ability to export the product. 8. The United Arab Emirates: 98.7 Billion Barrels The Zakum oil field in the U.A.E. has been the primary source of oil for this relatively small nation of the Arabian peninsula. Statistics indicate that oil and gas accounts for around 40% of the national GDP, which caused the country to modernize and created a high standard of living since the reserves were originally discovered in 1958. The Arabian peninsula and the surrounding area is renowned for its wealth of oil/gas reserves, and the U.A.E.’s Zakum field produces a disproportionately large amount of oil for a country with a somewhat small land area. 7. Kuwait: 101.5 Billion Barrels Kuwait is another smaller-yet-fertile oil producing nation around the Persian Gulf. The past few decades have been chaotic in Kuwait; due to the Iran-Iraq War in the 1980’s, followed by the Iraqi invasion and annexation of Kuwait in 1990, and finally the Persian Gulf War in which a U.S. led coalition sought to remove the crushing Iraqi occupation. They were devastated by the Iraqi regime, which adopted the scorched-earth policy to destroy Kuwait’s assets. After Kuwait regained its independence, they restored their place amongst the global leaders in oil production. The Burgan oil field holds approximately 70 billion barrels, making it the world’s second largest single oil field. 6. Russia: 103.2 Billion Barrels Russia has numerous natural resources for energy, most notably the massive oil fields in Siberia. The decline of the Soviet Union caused a lapse in oil production, but they have improved recently as the country made an effort to revamp their efficiency. There are still potentially bountiful sources in the arctic regions of Russia that have yet to be used. 5. Iraq: 150 Billion Barrels Iraq has some of the world’s greatest reserves of oil, even though they- likely many other nearby countries in the Middle East- have been burdened down by political struggles for much of the past few decades. These conflicts crippled the entire oil production industry in the country for quite some time, preventing them from accomplishing very much at all as they were entangled in a series of wars and changes in political control. However, even the rather antiquated 2D readings of Iraq’s oil fields prove that they have a lot to offer in terms of oil. Luckily, the past few years have brought considerable improvement and helped stabilized the country; so they should be able to revitalize their oil production. 4. Iran: 157.8 Billion Barrels Iran is yet another oil-rich Middle Eastern country, manufacturing nearly 160 billion barrels per year. They have some of the most accessible reserves in the world, which allows them to extract oil quickly and efficiently. Iran’s oil reserves were first found in 1905, so even after more than a century of production; they still haven’t depleted their resources. At their current rate, they’ll continue to churn out oil for another century or more; and that doesn’t even take currently undiscovered fields into consideration. Almost 150 hydrocarbon fields are located in Iran, and they contain both oil and natural gas. 3. Canada: 172.9 Billion Barrels
Major Upcoming OIL and GAS Projects in Africa
10:33
Displore

Major Upcoming OIL and GAS Projects in Africa

Major Upcoming Oil and Gas Projects in Africa Hello Displorers, welcome to another informative video presented to you by Displore and thanks for watching. In this video, we shall discuss major upcoming oil and gas projects in Africa. Africa’s current Oil and Gas landscape is vastly different compared to yesteryears statistics byfar. The significant resources found across the continent coupled with a relatively low-price environment have made it a prime region for investment both from local and international sources. As African governments open up development opportunities, and companies invest heavily in new areas, a wealth of potential has opened in the oil and gas sector which investors are not holding back their investments at all. If you are new here, welcome, be sure to subscribe and turn on notifications so you don’t miss any of our videos. Though only currently producing 4% of the world’s oil, the continent has huge untapped potential and plenty of natural resources to explore. A total of 70 crude and natural gas projects are expected to start in sub-Saharan Africa alone between 2019 and 2025. Amongst these, here are the major upcoming oil and gas projects in Africa. 8. Area 4 – Coral FLNG & Rovuma LNG - $4.7Billion Area 4 contains approximately 85 trillion cubic feet of natural gas. ExxonMobil states that “tens of billions of dollars” are expected to be invested into creating a “world-class LNG project”, helping transform Mozambique into a major global energy player. Coral FLNG, operated by Mozambique Rovuma Ventures & lead by Eni, is well underway having passed FID back in 2017. The Reef Consortium of Technip, JGC, SHI are constructing the vessel in South Korea. When complete, it will travel down to Mozambique and start production from the gas filed Coral South in Area 4. ExxonMobil is leading construction and operation of the Rovuma LNG facility, which will process the gas from the mamba complex in Area 4, offshore Mozambique. Other benefits predicted from the project’s success include delivering significant revenue to Mozambique’s economy and new industrial opportunities. Construction alone will create 5,000 local jobs and promote skills development, with local workers set to receive two million hours of training in total. 7. Namibe Refinery Complex - $12Billion An investment vehicle set up by two Russian groups and local partners proposed in 2017 a new 400,000 barrel per day refinery to be built in Namibe, Angola. The planned complex will have a staged construction, with a refinery and rail link to be built in the first phase along with integrated infrastructure and followed by construction and management of a residential area and power plant. The first phase will include the production of 28,000 barrels of refined oil within three and a half years and 364,000 barrels per day in the final phase within 11years. The project partners laid the first stone in July 2017 and is expected to start up in 2028. 6. Etan & Zabazaba Oil Fields - $13.5Billion The Etan & Zabazaba fields are located in the deep-water OPL 245 block in the Gulf of Guinea, off the coast of Nigeria. In water depths of 1,200m - 2,400m, the fields together contain up to 500million barrels of oil equivalent, with additional exploration upside to be investigated in future years. The Etan field was the first discovery, back in 2005 when the Etan-1X discovery well was drilled to a total depth of 4,575m in 1,720m of water and logged 120m of hydrocarbon-bearing sands. Zabazaba was discovered in 2007, 40km from Etan on the other side of a subsea canyon. An integrated development project is being jointly launched by Eni and Shell, with plans to use the ZabaZaba FPSO to tap both fields in a phased development. The FPSO will be spread-moored with a capacity of 120,000 barrels per day. 5. Dangote Refinery and Polypropylene Plant - $14Billion Nigerian based Dangote Group, Africa’s largest industrial conglomerate, are developing a major downstream facility in Nigeria’s Lekki Free Trade Zone. The 650,000 barrel per day oil refinery will produce 153,000 barrels per day of gasoline, 104,000 barrels per day of diesel, 73,000 barrels per day of jet fuel, 4,109 barrels per day of LPG and 12,300 barrels per day of fuel oil. It will be able to process different grades of crude including shale oil. Construction is underway, with the refinery thought to be 75% complete, with the petrochemical unit 60% complete. The completed refinery will include a crude distillation unit, a single-train residual fluid catalytic cracking unit, diesel hydrotreating, continuous catalyst regeneration unit, alkylation unit, polypropylene unit, utilities and off-sites, including a captive power plant and infrastructure for a single-point mooring terminal for crude oil and product handling. The plant will also include a fertiliser unit and the first production is due for the beginning of 2021, with full capacity expected to be reached halfway through the year.
Egypt To Invest $1Billion In Oil And Gas Exploration
The New Africa Channel

Egypt To Invest $1Billion In Oil And Gas Exploration

Egypt To Invest $1Billion In Oil And Gas Exploration - Two renowned Egyptian local companies Khalda Petroleum and Qarun Petroleum have announced plans to invest more than $1 billion in oil and gas exploration in Egypt, according to a recent report by Al Arabiya. Khalda Petroleum plans to invest $830 million, whereas Qarun Petroleum will spend an estimated $252 million during the fiscal year 2021 to 2022 for drilling 35 exploration wells and 52 development wells in the Western Desert, Egypt.The investment will come into effect this July. The plans were announced during a budget planning video conference with Minister of Petroleum and Mineral Resources, Tariq Al Mulla, who stressed the need to focus on exploration activities and the speed of their completion to compensate for the natural decrease in production. If you enjoyed the video SUBSCRIBE & TURN ON POST NOTIFICATIONS, as we have exciting videos about trends and mega construction projects in Africa, coming up. Follow us on Instagram - https://www.instagram.com/thenewafricachannel/ Follow us on Twitter - https://twitter.com/TheNewAfricaCh1 Join us on Facebook - https://www.facebook.com/thenew.africachannel.3 This presentation contains images that were used under the Creative Commons and License. Fair Use Policy. For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: newafricachannel(at)outlook.com #Egypt #Cairo #OilIndustry #Africa
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