Sunday, August 14, 2022
  • Login
Upgrade
The Southern African Times
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Business

Libya will be a vital source of petroleum for the next decade

by SAT Reporter
November 24, 2021
in Business, Libya, North Africa
0
Libya will be a vital source of petroleum for the next decade
0
VIEWS

TRIPOLI (The Southern African Times) – Libya will be a vital source of supply for global petroleum markets over the next decade, the Chief Executive Officer of Total Energies, Patrick Pouyanne, said on Monday at an energy conference in Tripoli.

France’s TotalEnergies and Italy’s Eni expressed their readiness to invest billions of dollars in Libya as the country seems to be heading towards stability after a decade of conflict.

Pouyanne explained that Eni’s decision comes from their desire to contribute to Libya’s comeback. “Some may see more boldness than wisdom in TotalEnergies’ decision to partner with Libya. I don’t. Where they see risks, I see the opportunities.”

According to Pouyanne, Eni will put $2 billion into Libya’s Waha oil project in order to boost production by around 100,000 barrels a day. It will also work to raise output at the Mabruk field and help build 500 megawatts of solar power to feed the local grid.

A ceasefire agreement signed in October of last year has led to more stability in the OPEC nation enabling the oil industry to restore production levels progressively.

Previous Post

Three Springbok players named in Barbarians side to face Samoa

Next Post

Zambia delivers 50 basis point rate hike to curb inflation

SAT Reporter

Related Posts

Anglo American’s new boss sounds warning on future copper supply
Business

Anglo American’s new boss sounds warning on future copper supply

by SAT Reporter
August 4, 2022
Africa Will Prosper With More Africa-To-Africa Business
Business

Africa Will Prosper With More Africa-To-Africa Business

by SAT Reporter
August 1, 2022
Ethiopia embarks on e-mobility transition
Business

Ethiopia embarks on e-mobility transition

by SAT Reporter
August 1, 2022
Namibia young entrepreneurs take the spotlight at Kasi Vibe Festival
African Start ups

Namibia young entrepreneurs take the spotlight at Kasi Vibe Festival

by SAT Reporter
July 31, 2022
Ethiopia’s largest commercial bank announces 530 mln USD annual profit
Business

Ethiopia’s largest commercial bank announces 530 mln USD annual profit

by SAT Reporter
July 29, 2022
Next Post
Zambia delivers 50 basis point rate hike to curb inflation

Zambia delivers 50 basis point rate hike to curb inflation

Browse by Category

  • African Continental Free Trade Area
  • African Start ups
  • Algeria
  • Analysis
  • Angola
  • Asia
  • Botswana
  • BOTSWANA
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Cameroon
  • Central Africa
  • China
  • Climate Change
  • Climate Changev
  • Congo Republic
  • COVID 19
  • Culture
  • Democratic Republic of Congo
  • Eastern Africa
  • Education
  • Egypt
  • Entertainment
  • Environment
  • Ethiopia
  • Europe
  • Fashion
  • Finance
  • Food
  • Food and Drink
  • Foods
  • Ghana
  • Global
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Middle East
  • Mozambique
  • Namibia
  • Nigeria
  • North Africa
  • Opinion
  • Politics
  • Rwanda
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Tanzania
  • Tech
  • Togo
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • West Africa
  • World
  • World
  • ZAMBIA
  • Zambia
  • ZIMBABWE
  • Zimbabwe

Browse by Tags

africa African business news Africa New Africa News african footballer African investments african markets African news African start-up banking Business China Classic Climate change Content currency Explore Bali Finance football Investment Life Style Markets Market Stories Namibia news Oilandgas oil and gas Opinion Pandemic Politics Premium Russia South Africa Southern African News sports Stay Home Travel United Kingdom United Stated Vaccine Work From Home Wuhan Zambia Zimbabwe Zimbabwe Harare Manufacturing Africa Employment creationn

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and the world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Facebook Twitter Youtube Instagram Rss

Copyright © 2022 The Southern African Times | Powered by The Southern African Times

Privacy Policy

Terms and Conditions

  • Home
  • Southern Africa
  • Global
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Tech
  • Opinion
  • Sports
  • Lifestyle
    • Health
    • Culture
    • Food and Drink
    • Entertainment
  • SAT Jobs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?