Africa’s Oil and Gas Investment to Hit $43 Billion in 2025 ...Middle East

OILPRICE - Economy
Africa’s Oil and Gas Investment to Hit $43 Billion in 2025
source : OILPRICE ( Middle East ) () 45
Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment decisions (FIDs), the chamber said in its State of African Energy 2025 Outlook Report. This year’s capex is slightly lower compared to the $47 billion investments in 2024, which…

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