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GNU Minister of Oil discusses plans to establish the African Bank of Energy in Luanda.

Pulbished on:

  Tripoli, 18 May 2022 (Lana) GNU Minister of Oil and Gas Mohamed Aoun, and a member of the Executive Council of the Organization of African Petroleum Producing States (APPO), discussed on the sidelines of the ministerial meeting of the Organization plans and mechanisms for establishment of the African Energy Bank in the manner of the Energy Investment Corporation of Africa.

 For his part, "Aoun" called for the establishment of the African Energy Bank as soon as possible with the aim of implementing projects to produce renewable energies through these revenues, pointing out that international banks will put restrictions on the implementation of financing of oil projects, which will deprive the African continent of benefiting from the oil riches that still exist in the African continent.

The African Energy Investment Foundation was founded by the of African Petroleum Producing Organization (APPO), with the aim of supporting Africa's oil industry and benefiting from it in the development of African member countries and supporting transformation plans for renewable energy production.

=Lana=