Post: Tunisia: Energy independence rate of 45% late in May 2024 (National Energy and Mines Observatory)

Tunis: Tunisia's energy independence rate, which represents the ratio of primary energy resources to primary consumption, stood at 45% at the end of May 2024, compared to 52% during the same period of the previous year, according to the monthly report on the energy situation, published by the National Energy and Mines Observatory.The primary energy balance shows at the end of May 2024, a deficit of 2 tonnes of oil equivalent (Mtoe), thus recording an increase of 14% compared to the end of May 2023, including royalty.Without the accounting of the fee, the energy independence rate would be limited to 33% at the end of May 2024 compared to 41% during the same period of 2023.Primary energy resources stood at 1.6 Mtoe, reporting a drop of 16% compared to the end of May 2023.This decline is mainly due to the reduction in national production of crude oil and natural gas.Primary energy resources remain dominated by national production of oil and gas, which both account for 68% of total primary energy resour ces.The share of renewable electricity (STEG and private production and self-production) remains modest and represents only 2% of primary resources.Primary energy demand decreased between the end of May 2023 and the end of May 2024 by 2%. The demand for natural gas fell by 6% whereas demand for petroleum products recorded an increase of 2%.The drop in demand for natural gas follows the limitation of Algerian gas purchases. To cope with this downward trend and meet the entire national demand for electricity, STEG has relied on importing electricity.The structure of demand for primary energy registered a slight change. The share of demand for petroleum products increased from 50% at the end of May 2023 to 52% during the same period of 2024. Natural gas, on the other hand, went from 49% at the end of May 2023 to 47% at the end of May 2024.Source: Agence Tunis Afrique Presse

First Simandou Mining Summit Draws Over 1,000 Delegates to Conakry

Conakry:Guinea is hosting the inaugural Simandou Mining Summit in Conakry from November 11 to 14. The event, themed “The Mining Industry A Catalyst for Economic Sovereignty,” is organized by the Simandou Strategic Committee in collaboration with the M…

Biovéa Biomass Power Plant Inaugurated in Ayébo, Ivory Coast

Ayébo:The 46 MW Biovéa Énergie biomass power plant was inaugurated in Ayébo, located in the Aboisso sub-prefecture of the Sud-Comoé region. The inauguration ceremony, held on November 5, was attended by the Minister of Mines, Petroleum and Energy, Mam…

Ethiopia’s GDP Reaches $210.7 Billion Following Rebasing

Addis Ababa:Ethiopia’s Finance Minister, Fitsum Assefa, has announced the results of the GDP rebasing with the Ethiopian fiscal year 2017 (2024/25) as the new base year. The announcement was made in Addis Ababa on November 4.

According to Africa New…