The Government of Namibia is expanding cooperation with Nigeria as the country deepens investment to widen oil and gas production hoping to become Sub-Saharan Africa second largest oil reserves nation.
The country is hosting the International African Energy, Oil & Gas Summit & Awards/Exhibition (IAEOG), where Nigeria is playing prominent part.
In ten years, Namibia is predicted to be the biggest oil producer in Sub-Saharan Africa after Nigeria and Angola.
If the numbers are correct, Namibia would be sitting on the second-largest oil reserves in sub-Saharan Africa, It’s touted by some as possibly the world’s biggest-ever deep-water oil find.
The event seeks to promote further business corporation between Nigeria – Namibia and other African Countries as a follow up to the African Continental Free Trade Agreement (AfCFTA).
The AfCFTA ultimate goal is to unify approximately 1.3 billion people across Africa, with a collective GDP of nearing US$ 3.4 trillion.
The event is kicking off on 24-29 of October 2024 with the pre-conference on the 24th October and site visits on 25th of October.
This premier event continues to grow remarkably each year, with over 2500 attendees expected to converge from more than 50 countries under one roof.
This event, a proactive endeavor supporting the AfCTA’s mission to forge regional value chains in Africa, aims at stimulating investment and job creation across the continent.
The African Peace Organization UK, in conjunction with the Government of Namibia, and other strategic partners is organizing the 3rd Edition of the summit with the Theme: A Symphony of Progress – Harnessing Africa’s Natural Resource Development.
It would feature panel discussions, presentations, exhibitions, dinners, golf tournament, award presentations, tours and a host of others. The venue for Golf Tournament; is the 18th Hole Championship Golf Course of the prestigious Windhoek Golf & Country Club.
The summit will bring together high level top executives, CEOs, Managers, investors, the business community, government agencies, exporters and importers from oil and gas sectors from across Africa and the world. To deliberate on the challenges and opportunities of the energy transition and the future of oil and gas in Africa
Further the purpose of the summit is to facilitate trade amongst African countries and the world by providing a physical networking platform for participants to interface with their potential clients and partners, as well as to attract investment opportunities for business growth across Africa particularly in the oil and gas sector.
Green Energy International Ltd (GEIL), an indigenous Nigeria oil and gas producing company and operator of the Otakikpo Marginal Field in OML-11, will attend and participate as a Bronze sponsor at this year’s edition of the conference.
Yemisi Izuora