Page 10 - AfrOil Week 49 2022

AfrOil INVESTMENT AfrOil

Oscar Mabuyane, Premier of Eastern Cape The project will have a yearly output of
where the investment is situated, said the pro- 950,000 tonnes of green ammonia, used in gen-
ject will trigger industrial development with erating electricity and powering ships.
upstream and downstream opportunities that Denise van Huysteen, the Nelson Man-
will create more than 20,000 jobs locally. dela Bay Business Chamber chief executive
“The Eastern Cape,” he said during the officer, highlighted that the project is ideally
November 28-30 conference, “gave their strong located in a region with abundant wind and
backing for the project at the Eastern Cape solar resources and the potential to export to
Investment Conference in Buffalo City recently the Far East, Europe and America.
and we will continue through the Coega Devel- Also speaking at the summit, Hive Hydrogen
opment Corporation and the Infrastructure general manager Colin Loubser said the renew-
Investment PMO to support Hive Energy ables developer had secured the commitment
and Linde fully as they develop this multibil- from one of the world’s largest battery and solar
lion-rand project that spans across the North- panel manufacturers to establish plants in Coega
ern and the Western Cape and is anchored in to support the project and other renewable ener-
the Eastern Cape.” gy-led businesses in the country. ™

PERFORMANCE
NUIMS head says TNP, Forcados restarts

bring Nigerian oil output up to 1.6mn bpd

NIGERIA NIGERIA has pushed crude oil production up The country’s oil production and transport
to 1.6mn barrels per day (bpd) thanks to the infrastructure is becoming more functional as a
re-opening of the Forcados terminal and the result of increased cooperation between regula-
partial resumption of shipments through the tors, security agencies, oil-producing communi-
Trans-Niger Pipeline (TNP), according to a ties and other stakeholders, he said.
subsidiary of Nigerian National Petroleum Co. Private security contractors “anchored by
Ltd (NNPCL). the communities” have become an important
Bala Wunti, the head of National Upstream component of the government’s strategy, and all
Investment Management Services (NUIMS), of the parties involved are working more closely
told Arise TV in an interview on December 7 together to reduce crude oil theft, he explained.
that output levels had risen by 350,000 bpd due Community participation has been particularly
to these developments. crucial, Wunti added.

Theft had brought Nigerian oil output down by more than 700,000 bpd, according to Wunti (Image: Shell)

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