Oando planning electric mass transit ecosystem in Lagos

In April this year, Nigerian energy company Oando signed a Memorandum of Understanding (Mou) with the Lagos Metropolitan Area Transport Authority (LAMATA) for the rollout of an electric mass transit ecosystem in Africa’s largest megacity. The MoU was signed with Oando Energy Resources’ subsidiary Oando Clean Energy Ltd (OCEL).

The ecosystem seeks to support electric vehicles and provide the supporting charging infrastructure and service centres for their operations.

“In the immediate to medium term, we will support Lagos State in bridging the public transportation gap, commence the gradual decarbonisation of the transport sector, and in the long term, support the State in achieving optimised operational efficiency and availability of service to Lagosians,” said Ainojie Alexander Irune, COO at Oando Energy Resources.

LAMATA and OCEL intend to form a public-private partnership (PPP) that will support the development of a sustainable road transport system in Lagos. Along with rapid urbanization and population growth, the state is faced with increasing challenges related to its infrastructural capacity.

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Tanzania LNG: HGA expected in December 2022, FID in 2025

Over the weekend, the Government of Tanzania signed a Framework Agreement with Equinor and Shell to support negotiations on the Tanzania Gas and LNG Project (TGP). The agreement marks another step towards the signing of the Host Government Agreement (HGA) expected before the end of 2022. Both international oil companies resumed negotiations mega-gas project in […]

Nigeria: oil production reached historic low of only 1 million bopd in May 2022

Nigeria’s daily oil production averaged 1,024,371 barrels of oil last month, according to data by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a new all-time low for sub-Saharan Africa’s largest oil producer, who should be able to produce 2 million bopd and had its OPEC quota for May set at 1.753m bopd. Who […]

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