African petroleum body head reaffirms importance of the sector to African development

Africa cannot develop without oil and gas. So African Petroleum Producers Organisation (APPO) secretary-general Dr Omar Farouk Ibrahim unequivocally proclaimed on Tuesday, in his address at the Africa Oil Week (AOW) 2024 conference, being held at the Cape Town International Convention Centre. Renewable energy wouldn’t allow Africa to develop, he further asserted. He reminded everyone of the 2022 survey, undertaken by APPO, into the state and future of the African oil and gas industry in the light of the global energy transition. That had identified three key challenges for the sector – financing, technology and markets. He stated his address would be an update on the progress in dealing with these challenges.