Mali's Minister of Mines, Energy and Water to Lead Delegation for Investment Drive at African Energy Week 2022 in October
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Loading... - Alice Kojo
- 29 Aug 2022
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The African Energy Chamber (AEC) (www.EnergyChamber.org) has the honor to announce the attendance and participation of H.E. Lamine Seydou Traore, Minister of Mines, Energy and Water of the Republic of Mali.
The African Energy Chamber (AEC) (www.EnergyChamber.org) has the honor to announce the attendance and participation of H.E. Lamine Seydou Traore, Minister of Mines, Energy and Water of the Republic of Mali, at the main energy event in Africa, the African Energy Week (AEW), which will take place from 18 to 21 October 2022 in Cape Town . At AEW 2022, the Minister will provide insights into Mali’s high-potential energy sector, presenting a strong case for investment in 2022 and beyond.
Despite signs of massive hydrocarbon reserves in Mali’s Taoudeni basin and production successes in neighboring countries such as Mauritania, Niger and Nigeria, development of Mali’s oil and gas reserves has been slow. According to consultancy RPS Energy, some five blocks being explored by Baraka Petroleum in Mali’s Taoudeni basin could contain up to 645 million barrels of oil and more than 9 trillion cubic feet of gas that the country could use to meet its energy needs. However, due to lack of investment in exploration and infrastructure development, Mali’s hydrocarbons remain untapped. As a result, Mali relies heavily on energy imports to meet its oil and power generation needs, a situation that is straining the country’s public finances. With diesel accounting for 45% of Mali’s power generation, the Ministry of Mines, Energy and Water prioritizes investment and the involvement of international companies to help boost exploration and production to ensure energy security. Read More...
