The African Petroleum Producers Organization (APPO) and its member countries believe that unity, cooperation and reforms will make Africa a force of reckoning in the global energy industry. The stakeholders have therefore called for deeper collaboration amongst Africa’s oil producing countries.
APPO made the appeal this week ahead of an event dubbed the Cape VII Congress and Exhibition, which will take place from April 1st to April 5th, 2019 in Malabo, Equatorial Guinea. The Organization is now inviting all interested companies and organizations to participate in what has become one of the most important gatherings of oil and gas, government and private sector leaders in Africa in 2019.
The high-profile event will feature ministerial speakers from all African oil producing nations, including Ministers of Petroleum of Algeria, Angola, Benin, Chad, the Republic of the Congo, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Ghana, Ivory Coast, Mauritania, Niger, Nigeria, South Africa, South Sudan and Sudan. The private sector will be represented by international oil companies including ExxonMobil, Shell, Marathon Oil, Noble Energy, Kosmos Energy, Trident Energy, South Africa’s CEF Group, and GE Baker Hughes.
“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,” he added.
The affair will be taking place against a backdrop of greater African involvement in energy institutions. It comes amidst 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 will be held under the patronage of President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo.
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; 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.
APPO plans 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.
“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 APPO Secretary General, Mahaman Laouan Gaya.
“Africa needs unity and synergy in all sectors of its economies to boost growth. When we unite, it is easier to collaborate,” said Gaya.