Copyright 2019 New Business Ethiopia.
The capital of Equatorial Guinea, Malabo, is set to host continental oil and petroleum conference in April.
African Petroleum Producers Organization (APPO) and its member countries call for unity, are set to confer for the Cape VII Congress and Exhibition, which will take place April 1-5, 2019.
The event also shines a spotlight on key regional energy projects and initiatives such as Equatorial Guinea’s Gas Megahub, which will link domestic and cross-border gas projects.
It also features Equatorial Guinea’s LNG2Africa, which is promoting intra-African gas trade; Sudan and South Sudan’s cooperation on restarting oil production; licensing rounds in Nigeria, Gabon and the Republic of Congo; and key economic and investment reforms in Angola.
‘We invite the global oil and gas industry to participate in this historic conference. Cape VII is like the Olympics of African oil and gas, it’s a time when the world comes together,’ said Mahaman Laouan Gaya, Secretary General of APPO. ‘Africa needs unity and synergy in all sectors of its economies to boost growth. When we unite, it is easier to collaborate.’
Taking place against a backdrop of greater African involvement in energy institutions, rising investment in upstream projects, a favourable oil price environment and the recent restructuring of APPO, the conference highlights regional cooperation and promotes alliances in African energy.
The theme of APPO Cape VII is ‘Pathways to Shared Prosperity in the African Petroleum Industry’ and is being held under the auspices of Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea.
APPO is currently undergoing important reforms focused on creating a united African front on the global energy stage. The organization seeks to increase regional cooperation on upstream projects, infrastructure, refineries and other major projects. It also aims to attract more members as African countries make significant oil and gas discoveries, while growing their reserves.
‘Regulatory and policy reforms are needed on a case-by-case basis. Countries like Ghana, Senegal and Mozambique have some of the most attractive and competitive market conditions in the world. Additionally, Africa has proven itself as a host of mega discoveries with a wealth of untapped and undiscovered potential,’ said Gaya.
APPO Cape VII takes place during Equatorial Guinea’s Year of Energy, a series of events promoting Africa’s energy potential and positioning Malabo as a continental energy center.
‘Equatorial Guinea has a distinguished track record as a host country for events of continental importance, and this APPO meeting will be momentous,’ said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, host of the conference.
Speakers at APPO Cape VII include the ministers of petroleum of Algeria, Angola, Benin, Chad, Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Ghana, Ivory Coast, Mauritania, Niger, Nigeria, South Africa, South Sudan and Sudan.