Page 8 - AfrOil Week 49 2022
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AfrOil INVESTMENT AfrOil
However, it clarified that a team of Angolan & Offshore Engineering (KSOE), in April 2021.
staff members, comprised of Sonangol employ- One of its subsidiaries, Sonangol Shipping Hold-
ees, was providing management and technical ing Ltd, is due to receive the first of these two
supervision for SeaQuest Marine. vessels in March 2023.
The Angolan NOC ordered a pair of Suez- Under its KRW153.1bn ($115.99mn) con-
max tankers with a capacity of 1mn barrels tract with Sonangol, HSHI must deliver both
each from HSHI, a unit of Korea Shipbuilding tankers by December 27, 2023.
INVESTMENT
Morocco signs deal with Israel’s NewMed,
Adarco for gas exploration in Boujdour
MOROCCO MOROCCO’S state-owned utility National establishment of a green hydrogen production
Office of Hydrocarbons and Mines (ONHYM) facility.
has signed agreements with Israel’s NewMed Also in November, Morocco’s National Office
Energy (formerly Delek Drilling) and Adarco for Electricity and Drinking Water (ONEE) and
Energy to explore and produce offshore gas the National Water Company of Israel signed an
and oil in Moroccan southern city of Boujdour, MoU to boost co-operation in drinking water
NewMed said in a statement on Wednesday, and liquid sanitation projects.
December 7.
The exploration contract will focus on a sec-
tion of the offshore zone in the Atlantic Ocean
over a period of eight years, which might be
extended further according to results. NewMed
and Adarco will hold 37.5% stakes in the licence,
while ONHYM will have the remaining 25%
NewEnergy said it had identified enormous
potential in Morocco and would take the agree-
ment as a step for regional expansion, diversify-
ing its portfolio and shifting towards renewable
energy and green hydrogen, commented its
CEO Yossi Abu.
Morocco and Israel re-established relations
in December 2020 and vowed to co-operate
at all levels, including technology, innovation,
political dialogue and trade.
Last month, the Moroccan renewable
energy developer Gaia Energy signed an initial
agreement with the Israeli firm H2Pro for the Martins outlined Sonangol’s goals for 2023-2027 (Image: NewMed Energy)
Germany reportedly eyeing investment
in green hydrogen project in Namibia
NAMIBIA GERMANY’S government is considering pro- bank, is in talks with the Namibian government
viding financial assistance for a €10bn ($10.5bn) and the German-South African consortium
green hydrogen project in Namibia, Bloomberg Hyphen Hydrogen Energy about a possible
has reported, citing sources familiar with the state guarantee or loan for the project, said the
matter. sources, who asked not to be named as the dis-
KfW, the German state-backed development cussions are private.
P8 www. NEWSBASE .com Week 49 08•December•2022
