Latest news with #SharifSalimAlOlama
Zawya
a day ago
- Business
- Zawya
UAE Undersecretary for Energy and Petroleum Affairs joins African Energy Week 2025
CAPE TOWN, South Africa/ -- Sharif Salim Al-Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) has joined African Energy Week (AEW): Invest in African Energies to discuss collaborative opportunities in oil and gas. Taking place on September 29 to October 3 in Cape Town, the event is the premier platform for Africa's energy industry. Al-Olama's participation is expected to open new doors for multilateral deals and partnerships. The UAE has emerged as Africa's largest source of foreign direct investment, with investments from Emirati companies totaling $110 billion between 2019 and 2023. This reflects a broader trend by Emirati companies to expand their portfolios in Africa, with strengthened cooperation set to unlock a wealth of development opportunities for African nations. As African countries pursue new sources of finance to advance projects in oil, gas and logistics, UAE expertise and technology will prove invaluable. During AEW: Invest in African Energies 2025, Al-Olama is expected to share insights into opportunities for UAE-Africa collaboration. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Looking to consolidate its position as a major player in Africa's energy landscape, the UAE has strengthened ties with African nations in recent months. A deal signed with Morocco will see the UAE support the development of the Africa-Atlantic gas pipeline – transporting Nigerian gas to North Africa and then on to Europe. The UAE will help mobilize financing for the project through its Abu Dhabi sovereign wealth fund. As of May 2025, the feasibility and preliminary engineering studies for the pipeline were complete. Agreements have also been signed with Tanzania for the operation and modernization of port infrastructure while the UAE and Kenya signed a landmark comprehensive economic partnership agreement in 2025. The UAE also launched the UAE-Africa Gateway initiative in 2025, aimed at enhancing investment opportunities for Emirati companies in the sub-Saharan African region. The initiative seeks to mobilize private sector investment to advance African projects and strengthen UAE-Africa cooperation. The UAE's state-owned oil and gas companies are also expanding their presence in Africa. Notably, Abu Dhabi National Oil Company (ADNOC) is deepening its footprint across the continent, with strategic investments in exploration and infrastructure development. Recent milestones include ADNOC's international arm XRG acquiring a 10% stake in Mozambique's offshore Rovuma Basin Area 4 concession. The acquisition includes stakes in the operational Coral South FLNG project, the planned Coral North FLNG project and the Rovuma LNG projects. Collectively, these projects have a target production capacity of 25 million tons per annum. In Egypt, ADNOC partnered with energy major bp to establish Arcius Energy – a natural gas platform to unlock the country's upstream potential. The platform aligns with ADNOC's international expansion plans. Beyond oil and gas, UAE-based companies have played an instrumental role in strengthening Africa's trade and logistics sector. Companies such as DP World and Abu Dhabi Ports have expanded their presence across the continent. DP World operates six African ports while Abu Dhabi Ports have recently extended operations into Guinea, Egypt and Angola. In the clean energy space, Emirati companies are leading projects in solar, green hydrogen and power. Notably, Masdar has committed $2 billion to renewable energy projects in Africa through 2030, unlocking significant opportunities for African countries. AMEA Power is investing in a series of renewable energy projects across the continent, including $620 million in a 300MW wind project in Ethiopia; a 120 million solar project in South Africa; a 1GW green hydrogen development in Mauritania; two battery storage projects in South Africa; a 150 MW solar plant in Angola; among others. Currently, the company has more than 2.6 GW of clean energy projects either in operation of under construction in Burkina Faso, Djibouti, Egypt, Ivory Coast, Morocco, Togo and Tunisia. 'The UAE has emerged as a strong partner for African countries seeking to advance the development of their oil, gas, clean energy and infrastructure industries. By expanding their presence across the market, partnering with African firms and mobilizing capital for impactful projects, Emirati companies are playing a major role in supporting Africa's economic growth,' states Verner Ayukegba, Senior Vice President, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber. SOURCE African Energy Chamber
Zawya
2 days ago
- Business
- Zawya
United Arab Emirates (UAE) Undersecretary for Energy and Petroleum Affairs Joins African Energy Week (AEW) 2025
Sharif Salim Al-Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) has joined African Energy Week (AEW): Invest in African Energies to discuss collaborative opportunities in oil and gas. Taking place on September 29 to October 3 in Cape Town, the event is the premier platform for Africa's energy industry. Al-Olama's participation is expected to open new doors for multilateral deals and partnerships. The UAE has emerged as Africa's largest source of foreign direct investment, with investments from Emirati companies totaling $110 billion between 2019 and 2023. This reflects a broader trend by Emirati companies to expand their portfolios in Africa, with strengthened cooperation set to unlock a wealth of development opportunities for African nations. As African countries pursue new sources of finance to advance projects in oil, gas and logistics, UAE expertise and technology will prove invaluable. During AEW: Invest in African Energies 2025, Al-Olama is expected to share insights into opportunities for UAE-Africa collaboration. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. Looking to consolidate its position as a major player in Africa's energy landscape, the UAE has strengthened ties with African nations in recent months. A deal signed with Morocco will see the UAE support the development of the Africa-Atlantic gas pipeline – transporting Nigerian gas to North Africa and then on to Europe. The UAE will help mobilize financing for the project through its Abu Dhabi sovereign wealth fund. As of May 2025, the feasibility and preliminary engineering studies for the pipeline were complete. Agreements have also been signed with Tanzania for the operation and modernization of port infrastructure while the UAE and Kenya signed a landmark comprehensive economic partnership agreement in 2025. The UAE also launched the UAE-Africa Gateway initiative in 2025, aimed at enhancing investment opportunities for Emirati companies in the sub-Saharan African region. The initiative seeks to mobilize private sector investment to advance African projects and strengthen UAE-Africa cooperation. The UAE's state-owned oil and gas companies are also expanding their presence in Africa. Notably, Abu Dhabi National Oil Company (ADNOC) is deepening its footprint across the continent, with strategic investments in exploration and infrastructure development. Recent milestones include ADNOC's international arm XRG acquiring a 10% stake in Mozambique's offshore Rovuma Basin Area 4 concession. The acquisition includes stakes in the operational Coral South FLNG project, the planned Coral North FLNG project and the Rovuma LNG projects. Collectively, these projects have a target production capacity of 25 million tons per annum. In Egypt, ADNOC partnered with energy major bp to establish Arcius Energy – a natural gas platform to unlock the country's upstream potential. The platform aligns with ADNOC's international expansion plans. Beyond oil and gas, UAE-based companies have played an instrumental role in strengthening Africa's trade and logistics sector. Companies such as DP World and Abu Dhabi Ports have expanded their presence across the continent. DP World operates six African ports while Abu Dhabi Ports have recently extended operations into Guinea, Egypt and Angola. In the clean energy space, Emirati companies are leading projects in solar, green hydrogen and power. Notably, Masdar has committed $2 billion to renewable energy projects in Africa through 2030, unlocking significant opportunities for African countries. AMEA Power is investing in a series of renewable energy projects across the continent, including $620 million in a 300MW wind project in Ethiopia; a 120 million solar project in South Africa; a 1GW green hydrogen development in Mauritania; two battery storage projects in South Africa; a 150 MW solar plant in Angola; among others. Currently, the company has more than 2.6 GW of clean energy projects either in operation of under construction in Burkina Faso, Djibouti, Egypt, Ivory Coast, Morocco, Togo and Tunisia. 'The UAE has emerged as a strong partner for African countries seeking to advance the development of their oil, gas, clean energy and infrastructure industries. By expanding their presence across the market, partnering with African firms and mobilizing capital for impactful projects, Emirati companies are playing a major role in supporting Africa's economic growth,' states Verner Ayukegba, Senior Vice President, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Zawya
24-02-2025
- Business
- Zawya
UAE Ministry of Energy and Infrastructure launches initiative in collaboration with 'Lootah Biofuels' to collect used cooking oil and convert it into clean fuel
Dubai – United Arab Emirates: The UAE Ministry of Energy and Infrastructure, in collaboration with Lootah Biofuels, a leader in the circular economy, has launched an initiative to collect used cooking oil in designated containers for conversion into biofuel. This initiative aligns with the Ministry's efforts to accelerate the transition towards renewable and clean energy sources and achieve the UAE's net-zero carbon goals. The initiative provides a strong push for encouraging sustainable practices by distributing specialized collection containers in various locations, facilitating the collection, transportation, and conversion of used cooking oil into biofuel. This process helps reduce the harmful environmental impact of disposing of used oils as waste while also minimizing its negative effects on sewage networks and public health. Additionally, the initiative raises community awareness about the importance of waste reduction, recycling, and the conversion of used cooking oil into clean and cost-effective biofuel. H.E. Eng. Sharif Salim Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, stated: 'The UAE continues to launch innovative initiatives to achieve sustainable development goals and its Net-Zero 2050 Strategy. Our partnerships with the private sector stimulate innovation and employ advanced technology to accelerate the transition to sustainable solutions. The launch of this initiative to collect used cooking oil in designated containers and convert it into biofuel encourages greater participation from individuals and businesses in supporting clean energy initiatives.' H.E. also praised Lootah Biofuels for its pioneering efforts in producing biofuel from used cooking oil, which aligns with the UAE's vision. He highlighted the country's commitment to climate action through various strategies and policies, such as the UAE Energy Strategy 2050, the National Biofuel Policy, and the Circular Economy Policy, which aim to balance economic needs with environmental goals while enhancing institutional and individual energy efficiency. These efforts significantly reduce carbon emissions and promote environmental sustainability. This initiative aligns with the latest global best practices in encouraging individuals, families, and businesses to participate in sustainable activities by providing them with accessible means to contribute. Used cooking oil makes up a significant portion of wasted food that is often discarded, releasing methane gas, which has a more severe impact on global warming than carbon dioxide. Mr. Yousif Bin Saeed Lootah, Founder and CEO of Lootah Biofuels, emphasized: 'This new initiative by the Ministry of Energy and Infrastructure marks a significant step in advancing sustainability efforts, promoting the circular economy, and fostering innovation. It underscores the UAE's leadership in supporting sustainable solutions and raising awareness about the importance of preserving and utilizing available resources efficiently.' He added that the initiative expands the collection network for used cooking oil, ensuring it is repurposed for environmentally friendly and sustainable biofuel production. He urged individuals and organizations to take advantage of this initiative to support sustainable solutions. Additionally, he noted that this initiative serves as a strong motivator for Lootah Biofuels to accelerate and expand its efforts to achieve the objectives of the UAE's National Biofuel Policy, which was developed and supervised by the Ministry of Energy and Infrastructure to ensure the availability of clean and sustainable energy sources. The National Biofuel Policy aims to provide sustainable fuel alternatives and diversify energy sources within the energy mix, with a focus on increasing the share of biodiesel to 20% by 2050. It is worth noting that complete reliance on 100% biodiesel can reduce the carbon footprint of diesel-powered vehicles by up to 75%. As part of Lootah Biofuels' efforts to expand its network of cooking oil suppliers and encourage public participation in innovative green solutions and the circular economy, the company recently launched its smart application (Lootah Biofuels) on Android and iOS platforms. The app encourages individuals, businesses, and institutions in the UAE to contribute to disposing of used cooking oil responsibly and transforming it into a clean energy source, thereby reducing environmental and public health hazards. The smart app, available in both Arabic and English, allows users to request home collection services for used cooking oil, making it easy and safe for families and individuals to dispose of it. Additionally, participants in the collection program receive monetary rewards, which are credited to a digital wallet integrated within the app. The app also features a calculator, enabling users to track and monitor the amount of oil they have contributed, increasing awareness of their positive environmental impact. Lootah Biofuels aims to increase the recycling rate of used cooking oil in the UAE to over 80% in the coming years, compared to the current rate of less than 50%. Since its establishment in 2010, Lootah Biofuels has expanded its supplier network, which includes numerous entities, especially within the hospitality and restaurant sectors. The top 10 suppliers contribute a total of more than 300,000 liters of used cooking oil per month, which is then converted into sustainable biofuel.
