SIEPA 2023: 7 and 8 March 2023 at CICAD

The next International Exhibition of Energy and Petroleum in Africa will take place on March 7 and 8 at the Abdou Diouf International Conference Center (CICAD) in Diamniadio (which is about thirty kilometers by highway from Dakar.

After a long interruption due to the COVID, SIEPA is back. During two days we will discuss all the challenges of energy: production of new oil and gas fields, development of the needs in oil products, generalized access to electricity thanks to gas and renewable energy, debate on the use of oil revenues, measures to face climate change. SIEPA is supported by the Ministry of Oil and Energy

Next Think Tank meeting

We will devote the next meeting of the Think Tank Energy for Africa to the supply of petroleum products which remains a priority for West African countries. Of course, all countries take into account the reality of climate change and the need to fight it, but it is essential to develop mobility, which still relies heavily on petroleum products, to allow for emergence.

Clouds over the energy sector

The economic recovery of 2021 had led to a sharp increase in the prices of various energies on the international markets. This increase was aggravated at the beginning of the invasion of Ukraine by Russia. At the beginning of this autumn, a certain easing appears to be taking place, no doubt linked to the anticipation of a slowdown in the world economy and the consequences of the zero COVID policy implemented by China, a policy that is resulting in a sharp drop in activity.

What about African projects?

Energy consumption continues to grow in Africa. Faced with this demand, production projects are numerous. Solar projects first of all, which will accelerate access to electricity. Côte d'Ivoire, Ghana, Kenya and Senegal should achieve near universal access to electricity in the next few years. It is important to note that access is important, but the quality and reliability of the supply is fundamental. The example of South Africa, which suffers from long and frequent power cuts that considerably affect the lives of both individuals and businesses, is a warning.

Numerous projects in the hydrocarbon sector should soon come on stream: Sangomar (oil), GTA, Yakaar, Teranga (gas) in Senegal (and in Mauritania for GTA), Baleine (oil) in Côte d'Ivoire, oil production in Uganda (the oil will be exported through a pipeline leading to Tanzania), production in Niger (oil from Agadem will be exported through a pipeline that crosses Benin and ends in Cotonou)

These projects are important. They will allow several African countries to have secure oil and gas resources and to benefit from export revenues which, if properly used, will help them to emerge.

A new president and a new vice-president at ASDEA

At the end of the General Assembly of the Senegalese Association for the Development of Energy in Africa, Mohamed Seck was elected to succeed Serigne Momar Dièye who did not wish to run again.

Congratulations to Mohamed, tireless previous Secretary General, of a formidable efficiency, with an impressive network

ASDEA is in good hands

Mareme Diakhate, current president of ADEA has been elected vice-president for renewable energy of ASDEA

Our congratulations to both of them

Best regards

Jean-Pierre Favennec
Président
Association pour
le Développement
de l'Énergie en Afrique

According to Bloomberg estimates, peak oil has finally arrived. Sharp rises in global rates are hurting consumption.

Russian crude oil exports fell drastically in the first two weeks of September. While prices have soared since the start of the war in Ukraine, the sudden drop in Russian exports represents a significant loss of revenue for the country.