Because Africa does not want to give up oil

600 million people in Africa do not have access to energy, and many states on the continent have yet to exploit their oil reserves

With all due respect to Greta Thunberg, Afreximbank president Benedict Oramah, at the latest edition of the intra-African fair held from 15 to 21 November in Durban, South Africa underlined the vital need for Africa to continue using fossil energies.

Let us not forget that 600 million people on the continent do not have access to energy. Although oil and gas are key resources for Nigeria, Sudan and Angola, other states have yet to exploit their geological potential and some fossil deposits already identified.

Consistent with this position, Afreximbank has entered into a more than $ 1 billion deal with the Nigerian National Petroleum Company (NNPC) to finance the trade and export of crude oil produced by the Nigerian National Oil Company.

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This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/africa-petrolio-afreximbank/ on Thu, 25 Nov 2021 07:01:55 +0000.