Infrastructure

Official start of construction at the D.R. Congo’s flagship deep-water port

By

DP World and the Government of the Democratic Republic of the Congo (DRC) have officially laid the first stone of the new Banana Port today.

The ceremony was attended by His Excellency, Félix-Antoine Tshisekedi, President of the DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, as well as members of the DRC Government, public representatives and members of the local community.

In December, both entities had already signed the Collaboration Agreement for the project’s development. The construction of a deep-water port at Banana has been in the making since 2018 when the initial contract was signed.

“DP World will develop an initial 600-meter quay with an 18m draft, capable of handling the largest vessels in operation. It will have a container handling capacity of about 450 000 TEUs (20-foot equivalent units) per year, and a 30-hectare yard to store containers,” DP World said at the end of 2021.

Read more

Shell loses half of its African oil & gas output in only two years

Shell’s production of liquids and natural gas in Africa has been halved in only two years. The major closed 2021 with a liquids production of only 89,000 barrels per day (bpd) from the continent, compared with 183,000 bpd at the start of 2020. Similarly, its African production of natural gas was down to 448 MMscfd […]

TotalEnergies takes FID on $10bn of oil projects in Uganda, 16 years after first discovery

TotalEnergies, CNOOC and the Uganda National Oil Co. have taken a final investment decision (FID) today on the development of onshore oilfields around the Lake Albert in Uganda, and a massive export pipeline to Tanzania. The first discovery was made in January 2006 by Hardman Resources at the Mputa-1 well. Since then, over 1.4bn barrels […]