Africa oil discoveries ‘too tempting to be shunned over renewables’

By Sherif Tarek
Posted on Monday, 31 October 2022 13:10

Members of the Uganda National Students Association hold up signs reading "European Union Leave Our Oil" as they participate in a rally on September 29, 2022 in Kampala, Uganda. (Photo by Luke Dray / GETTY IMAGES EUROPE / Getty Images via AFP)

Despite the global push towards renewable energy, Africa's oil discoveries will not be sacrificed, says a senior oil expert.

Viktor Katona, the lead crude analyst at Kpler, a provider of intelligence solutions for commodity markets, shrugged off widespread fears that funding for African oil discoveries will subside in the coming years.