BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

The port of Marseille Fos wants to become the LNG hub in the Mediterranean region

After having carried out two new ship-to-ship bunkering operations with LNG, the port of Marseille Fos wants to become the Mediterranean hub in this area. It is also committed to promoting the use of this fuel in maritime transport to reduce greenhouse gas emissions.
The port of Marseille Fos wants to become the LNG hub in the Mediterranean region

The Port of Marseille Fos has announced its intention to become the hub for liquefied natural gas (LNG) in the Mediterranean and seeks to further promote the use of this fuel. Above all, it wants to position itself as a leading player in the region for LNG refueling operations in maritime transport.

The announcement of the port of Marseille Fos follows the completion on June 15 of the second ship-to-ship bunkering operation, using LNG. Last May, Shell carried out an operation of this type for the first time.

"With this second perfectly successful refueling, the port of Marseille Fos confirms its expertise in the field and shows its ability to develop this type of operation," said a statement from the port authority.

The French port added that it hopes to deliver an LNG bunkering vessel for refueling in 2021. It also confirmed that the energy giant Total will build a similar vessel next year to supply propulsion container ships LNG from CMA-CGM which will call at Marseille.

With the increasing demand for alternative marine fuels, ship-to-ship LNG bunkering has become a more popular option due to the significant reduction in sulfur, CO2 and nitrogen oxide emissions, such as requires the recent regulations of the International Maritime Organization, says Kallanish Energy.