APPO and African producers call for unity, cooperation and reform

The African Petroleum Producers Organisation (APPO) and its member countries have called for unity, cooperation and reform amongst oil producers ahead of the Cape VII Congress and Exhibition

The congress and exhibition will take place in Malabo, Equatorial Guinea, from 1-5 April 2019.

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

Mahaman Laouan Gaya, secretary general of APPO, said, “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.”

“Africa needs unity and synergy in all sectors of its economies to boost growth. When we unite, it is easier to collaborate,” he added.

Against the backdrop of increased African involvement in energy institutions, increased investment in upstream projects, a favourable oil price environment and the recent restructuring of the APPO, the conference will highlight regional cooperation and promote African energy alliances.

The theme of APPO Cape VII is ‘Pathways to Shared Prosperity in the African Petroleum Industry,’ which is being held under the auspices of Teodoro Obiang Nguema Mbasogo, president of Equatorial Guinea.

APPO 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,” Gaya stated.

APPO Cape VII will take place during Equatorial Guinea’s Year of Energy, a series of events to promote Africa’s energy potential and to place Malabo as a continental energy centre.

Source: Oil Review Africa

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