Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Https://www.zawya.com/en/press-release/africa-press-releases/media-invited-to-attend-libya-energy-economic-summit-noxdbz7g
Energy Capital&Power (www.EnergyCapitalPower.com) extends an official invitation to energy and general news media to participate at the second edition of the Libya Energy&Economic Summit – scheduled for November 8-9 in Tripoli’s Rixos Convention Centre. Media will have the opportunity to be at the center of this historic summit.
In partnership with the Office of the Prime Minister and with the support of the Ministry of Oil and Gas and the National Oil Corporation (NOC), this historic summit is poised to bring together leaders and participants from the energy, finance, trading and infrastructure sectors. The 2023 event follows the resounding success of its inaugural edition in 2021, which marked a historic milestone as the first major energy investment event held in Tripoli in a decade. Media representatives are invited to cover this second edition, one that promises to shape the future of Libya's energy landscape.
The two-day program features an official reception on November 8 with keynotes delivered from dignitaries as well as strategic panel discussions and presentations across two stages on November 9. The reception and summit feature keynotes from Libyan leaders including Abdulhamid M. Al Dabiba, Prime Minister of the State of Libya; Farhat Omar Bengdara, Chairman of the NOC; and Mohamed Oun, Minister of Oil and Gas of Libya.
International invited digitaries include Giorgia Meloni, Prime Minister of the Republic of Italy; Robert Abela, Prime Minister of the Republic of Malta; and Alparsian Bayraktar, Minister of Energy and Natural Resources of the Republic of Turkey.
The Libya Energy&Economic Summit 2023 is proud to work with sponsors TotalEnergies, BGN, Repsol, ConocoPhillips, Savannah Energy, OMV and more, and with official supporters Renewable Energy Association of Libya, AmCham Libya, Libyan British Business Association, U.S.-Libya Business Association, African Energy Chamber, and Rystad Energy.
Komakino - Savannah is also at 3rd Morocco Oil & Gas Summit and Exhibition next week. Yacine Wafy presenting - https://www.in-vr.co/morocco-oilandgas
Seems like they are are probably interested in North Africa as well..................
Thanks TiL. At some point all of this is going to come to fruition!!
K & TiL - considering the super 7 are divesting $bn’s of assets and we have ‘once in a lifetime’ opportunity to grow our hydrocarbon and renewable footprint in Africa, it seeks like a bloody hard job in finding the deals we want and trust. Like you say, with all this networking going on, surely something has to come to fruition at some point - and hopefully soon.
On another note, and i have no idea how this impacts our ‘imminent’ re-finance of Accugas debt:-
ABUJA, Oct 18 (Reuters) - Nigeria's naira hit a record low of 1,100 per dollar on the black market on Wednesday, online platform abokiFX showed, a day after the currency hit a new low on the official market due to persistent dollar shortages.
The naira has been in freefall on the unofficial market, where it trades freely, which worsened after currency restrictions were lifted on the official market.
The unit fell to a record low of 980 naira to the dollar on the official market on Tuesday.
The central bank has said it will intervene in the foreign exchange market occasionally to boost liquidity, after last week ending an eight-year ban on some items that were restricted from accessing dollars on the official market.
Last month, the currency slid past 1,000 naira per dollar on the black market and continued to weaken as excess dollar demand is funnelled into the informal market from the official market.
And finally a FYI:-
N'DJAMENA, Oct 18 (Reuters) - Chad's defence minister and the government's general secretary resigned on Wednesday, an administration spokesman said, after two separate sex tapes purporting to show the men were shared widely on social media.
Prime Minister Saleh Kebzabo accepted the resignations of defence minister Daoud Yaya Brahim and the government's general secretary Haliki Choua Mahamat, Kebzabo's spokesman said in a statement, without giving further details.
The videos, which were circulated on Sunday and Monday, purportedly showed the men engaging in intimate acts with other people. Reuters could not independently verify the material and was not immediately able to reach either man for comment.
Sex scandals are rare in Chad, a mostly Muslim country with conservative social morals.
"The videos, which were circulated on Sunday and Monday, purportedly showed the men engaging in intimate acts with other people..." Well, at least it was people, I suppose...
I'm a bit confused on the NGN issue, spot quotes appear some stronger at about 780 to the dollar. I suppose the article is right. If so, expect another fx hit to H2 p&l, albeit smaller than H1. Sigh.
Hi scotpak - hope you’re well and still looking in? As you seem to have your finger on the pulse of the NGN fx stuff, what are your views on the Reuters note I put on earlier today and specifically what impact it may have on our refinance work stream and the associated term sheet?
RR
The Reuters article refers to the black market rate when dollars are in short supply.
Aboki FX is the black market rate.
Aboki FX Lagos parallel market rates https://abokifx.com/home
Below is the official rate and has been in a steady band since being allowed to free float by the Central bank. I'm not expecting any hit on SAVE in this second half. Since it was devalued in June - it 's been steady ever since in a tight band at the 775 level . That's the official bank level - the other is the unofficial black market rate. I seriously doubt if the Central Bank would devalue it again.
Dollar-Naira charts
1 year - https://www.xe.com/currencycharts/?from=USD&to=NGN
last month to date - https://www.xe.com/currencycharts/?from=USD&to=NGN&view=1M