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OPEC President and Congo Oil Minister to lead investment discussions at MSGBC 2022 in Senegal

One Week to Go Until South Sudan Oil & Power 2022 With one week to go until regional and global stakeholders convene in the capital city of Juba, South Sudan Oil & Power 2022 is getting ready to welcome investors and energy players to the gateway of East Africa DAKAR, Senegal, September 5, 2022/ -- Taking place from September 13-14 this year in Juba, South Sudan Oil & Power (SSOP) 2022 (https://bit.ly/3A1hgvV) – organized by Energy Capital & Power (www.EnergyCapitalPower.com) – proudly celebrates its fifth anniversary as the premier international forum driving business and investment in East Africa. With just one week to go, regional energy Ministers, global investors and public and private sector executives are getting ready to convene for two days of networking and dialogue, and there is still time to secure your participation. This year’s edition will be opened by H.E. Salva Kiir Mayardit, President of the Republic of South Sudan, with a myriad of high-level speakers and sponsors spanning the ministerial, public and private sector spaces. Alongside the conference proceedings, South Sudan Oil & Power 2022 will feature an exhibition, with companies from across the entire East African energy landscape promoting opportunities for business and partnerships. Participating countries at South Sudan Oil & Power 2022 include regional neighbors Sudan, Ethiopia, Somalia, Egypt, Uganda and Djibouti; continental partners South Africa and Iraq; as well as international collaborators China, Canada, Turkey, Norway, India and The Netherlands. SSOP 2022 seeks to drive new investment in East Africa through market-focused panel discussions, investor forums and deal signing opportunities. Under the theme, ‘The Gateway to East African Energy,’ discussions will be centered around tackling financing challenges and barriers to doing business; capacity building across the energy sector and South Sudan’s energy transition, while presentations and interviews will explore the country’s standing as a gateway to expanding business and investment in East Africa. With just one week to go, there is still time to secure your place among East African industry players, and travelling to South Sudan has been made simpler. Recently, the government launched its e-visa system, with visa processing times taking less than five business days. Additionally, a number of airlines have resumed and have incorporated Juba into their travel routes. Now, travelers can choose from a range of airlines services including Turkish Airlines, Egyptair, Kenya Airways and more. As regional and global delegates make their way to Juba for the fifth edition of South Sudan Oil & Power 2022, don’t miss out on the opportunity to expand your business and participation across the entire East African energy landscape, with South Sudan representing the first step. Secure your spot at the premier event driving investment and business in East Africa today. For more information about South Sudan Oil & Power 2022 visit www.SSOP2022.com. Distributed by APO Group on behalf of Energy Capital & Power. SOURCE Energy Capital & Power

Organization of Petroleum Exporting Countries (OPEC) President and Congo Oil Minister Bruno Itoua to lead investment discussions at MSGBC Oil, Gas & Power 2022 in Senegal
Having assumed the rotating presidency of the Organization of Petroleum Exporting Countries this year, Congolese Minister of Hydrocarbons, H.E. Bruno Itoua, will join the basin’s ministers and other dignitaries for a high-level forum at MSGBC 2022

DAKAR, Senegal, August 11, 2022/ — Energy Capital & Power (ECP) (https://EnergyCapitalPower.com) is proud to announce that H.E. Bruno Itoua, Minister of Hydrocarbons for the Republic of the Congo and President of the Organization of Petroleum Exporting Countries (OPEC), has been confirmed as a speaker at the MSGBC Oil, Gas & Power Conference & Exhibition 2022 (https://bit.ly/3a4fuRb), now less than three weeks away.H.E. Minister Itoua will join the respective ministers of Senegal (H.E. Sophia Gladima), Mauritania (H.E. Abdessalam Ould Mohamed Salah), The Gambia (Hon. Abdoulie Jobe), Guinea-Bissau (H.E. Dionisio Cabi) and Equatorial Guinea (H.E. Gabriel Mbaga Obiang Lima) along with Sierra Leone’s Director General of the Petroleum Directorate in the Office of the President, Foday Mansaray, addressing assembled delegates at the ministerial forum following President H.E. Macky Sall’s address on 1 September in Dakar.Since assuming the OPEC Presidency in January from neighboring Angola, H.E. Minister Itoua has led the Congo through a robust oil-driven economic recovery, achieving a solid 5% GDP growth and mitigating production downturns to stabilize the country’s output at 275,000 barrels per day. Thanks to H.E. Minister Itoua’s vision, the 13 oil-rich nations which comprise OPEC, controlling 40% of the global oil supply, have been able to return demand to above pre-COVID-19 levels, removing the 10 million barrels per day curbs imposed during 2020’s recession and seeing global prices for the commodity peak at over $100 per barrel in April, representing a seven year high.H.E. Minister Itoua’s leading role as Congolese Minister of Hydrocarbons alone grants him ample experience to share with the MSGBC basin’s emergent energy mega-players. With a mature extractives sector dating back decades, Congo-Brazzaville holds 2.9 billion barrels of crude oil and 10 trillion cubic feet (tcf) of natural gas reserves, lauded for its private sector participation from the likes of Perenco, Eni and TotalEnergies, with upstream oil accounting for 50% of the national GDP, 70% of government revenue and 80% of net exports. By contrast, MSGBC’s nations boast 50 tcf of natural gas, 9 billion barrels of oil equivalent between them, yet remain at the outset of world-class production levels, $9 billion in oil and gas projects set to come online next year. MSGBC Oil, Gas & Power 2022 host nation Senegal holds 500,000 barrels of oil at Sangomar and The Gambia has potentially triple that with Australian megafirm FAR’s discoveries. All MSGBC nations are ramping up exploration akin to the Congo with licensing rounds ranging from five to 27 blocks hitting the market this year.All up, H.E. Minister Itoua’s presence at MSGBC’s ministerial forum could be a gamechanger, contributing unparalleled strategic insights towards forging robust public private partnerships and ties with a new slate of multinationals to join a rapidly diversifying suite of international oil companies (IOC) and investors flocking to the region from across Africa, Europe, Asia, America, Australia and the Middle East. Presently active in the basin are the likes of bp, Woodside, Kosmos, FAR, Petronas, PetroNor and Tullow Oil, however, the Congo’s triad of Perenco, Eni and TotalEnergies represents some of the largest IOC-investors operating in Africa responsible for many of the largest West African hydrocarbon developments of recent years.ECP’s International Conference Director Sandra Jeque states that, “H.E. Bruno Itoua brings to the table unique global and national policy experiences in shaping sustainable hydrocarbons sectors for social and economic benefit, spring-boarding development. His wisdoms at MSGBC Oil, Gas & Power 2022’s Ministerial Panel this September are thus particularly welcomed and appreciated, acknowledging the basin’s nascent but burgeoning industry with billions of dollars of investment already in place, expected to double within the decade.”For more information about MSGBC Oil, Gas & Power 2022, taking place in less than one month in Senegal’s capital city, Dakar, visit https://MSGBCPOilGasAndPower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
SOURCE
Energy Capital & Power

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