Browsing: CO2 emissions

OPEC

Organization of the Petroleum Exporting Countries’ (OPEC) pride in its African roots

Opinion
  • Half of OPEC Member Countries are African and this includes the continent’s most populous country, Nigeria, and the largest by area, Algeria.
  • OPEC also counts Congo, Equatorial Guinea, Gabon and Libya as Member Countries.
  • Additionally, two African countries are part of the historic ‘Declaration of Cooperation,’ between OPEC and non-OPEC producing countries, namely Sudan and South Sudan.

Since assuming the office of OPEC Secretary General almost two years ago, I have had the privilege of visiting every African OPEC Member Country, as well as several other African countries. Every visit has reaffirmed my firm conviction that the future is bright for Africa and that the oil industry can play a constructive role in that future. Our Organization stands ready to offer any support it can to help this great continent realize its awesome potential.

OPEC takes great pride in its strong and enduring African connections, heritage and identity. Half of …

Coal is still king in Southern Africa

Business

In the US, cheap and accessible shale gas is rapidly displacing coal. And in China, concerns about poor air quality and related health issues have caused demand for coal to fall three years in a row, from 2014 to 2016. So is coal demand about to decline globally? Is coal headed for the ash heap of history? Such a development is unlikely.”

The relegation of coal to the dustbin of energy sources, the Boston Consulting Group (BCG) does not believe is likely. They are not the only ones who hold this view.

McKinsey & Company, another highly regarded consulting company, does not believe coal will not have a role in the energy mix of the world going forward. They are not as blunt in expressing their views as their counterparts at the BCG however. McKinsey & Company featured an article on their website proclaiming that the adoption and development of…

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