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Africa oil and gas sector gathers in Equatorial Guinea

Feb 21 2019 11:51

The African Petroleum Producers Organisation (APPO) and its member countries call for unity, cooperation and reform amongst oil producers ahead of the Cape VII Congress and Exhibition, which will take place April 2 to 5, 2019 in Malabo, Equatorial Guinea.

APPO is inviting all interested companies or parties to participate in this important gathering of oil and gas government and private sector leaders in Africa in 2019, with ministerial speakers from all African oil producing nations.

Registration for the bi-annual event is now open.

"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 H.E. 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 organisation 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.

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.

africa  |  oil and gas  |  africa economy
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