Africa’s National Oil Companies Convene at NIES 2024 to Advance Continent’s Energy Agenda

The 7th Nigeria International Energy Summit (NIES 2024) is gearing up to host the National Oil Companies (NOCs) Forum, bringing together esteemed CEOs and key stakeholders from various African NOCs.

This session, falling under the sub-theme “Sustainable Strategies for Energy Leadership: Navigating Security, Transition, and Finance in a Changing World,” is anticipated to be a pivotal moment for shaping the future of the energy sector.

Set for Day 3 of the summit, Wednesday, February 28, 2024, the NOCs Forum will commence with an opening address by Senator Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), Nigeria.

The session will showcase a distinguished panel of CEOs representing leading NOCs across Africa. Notable panelists include: Mr. Mele Kolo Kyari, Nigeria National Petroleum Corporation (NNPC); Mrs. Amina BENKHADRA, National des Hydrocarbures et des Mines (ONHYM), Morocco; Mme. SANOGO FATOUMATA M’BALOU, Société Nationale des Opérations Pétrolières of Cote d’Ivoire (PETROCI);

Mr. Sebastiâo Gaspar Martins, Sociedade Nacional de Combustíveis de Angola, E.P (SONANGOL); Mme. Teresa Isabel Nnang Avomo, Guinea Ecuatorial De Petroleos (GEPETROL); Mr. Adama Dialo, La Société Pétrolière du Sénégal (PETROSEN); Mr. Kwame Baah-Nuakoh (Dr.), General Manager, Strategy & Investments, Ghana National Petroleum Corporation (GNPC), among others.

The NOCs Forum aims to delve into sustainable strategies for energy leadership amidst evolving challenges in security, transitioning to renewable sources, and financing initiatives in a rapidly changing global landscape. Through fostering collaboration and innovation, energy leaders can navigate the transition towards a more sustainable and resilient energy future.

James Shindi, Chief Executive of Brevity Anderson, NIES conference producers, expressed, “NIES 2024 presents a landmark opportunity for Africa’s National Oil Companies to collaborate and shape the trajectory of our energy landscape.

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We are honored to facilitate this crucial dialogue, where leaders will discuss sustainable strategies for navigating the complexities of our evolving energy sector to chart a course towards a more resilient and prosperous energy future for Africa.”

Key areas of focus for the session include:

• Addressing emerging security threats to the energy sector, encompassing cyberattacks, geopolitical tensions, and vulnerabilities in physical infrastructure.
• Sharing insights on strategies to expedite the transition to renewable energy sources, including technological innovations, policy frameworks, and overcoming adoption barriers.
• Exploring financing mechanisms for sustainable energy projects, including trends in green financing, public-private partnerships, and strategies for risk mitigation.
• Examining the role of policy and regulations in fostering energy leadership, highlighting successful initiatives and areas for enhancement.

The NOCs Forum at NIES 2024 is positioned to offer valuable insights and actionable recommendations for energy leaders amid evolving challenges and opportunities in the global energy landscape.