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African Energy Chamber to drive East African Crude Oil Pipeline dialogue

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The African Energy Chamber will participate at the upcoming 10th East African Petroleum Conference and Exhibition, set to take place May 9 – 11

In order to make energy poverty history by 2030, Africa needs to develop large-scale infrastructure projects that support the transportation and export of oil and gas. As an advocate for the development of such projects, the African Energy Chamber (AEC) (www.EnergyChamber.org) – led by Executive Chairman NJ Ayuk – will participate at the upcoming East African Petroleum Conference and Exhibition from May 9-11, making a strong case for the development of the region’s most critical project: the East African Crude Oil Pipeline (EACOP).

The AEC’s participation at this important event underscores the organization’s commitment to fostering energy security and economic growth across the continent. At the heart of the AEC’s agenda lies the transformative EACOP, a project that not only plays a pivotal role in reshaping the energy landscape of East Africa but also serves as a key catalyst for unlocking vast exploration opportunities across the continent. With an alarming 600 million people living in energy poverty across the continent, the EACOP stands as a crucial and necessary solution for addressing this pressing issue. With an impressive length of 1, 443km, the EACOP is the largest pipeline in the region. Set to be completed in 2025, this remarkable infrastructure will possess the capacity to transport 246,000 barrels of crude oil per day from Uganda to the port of Tanga in Tanzania. Once arrived, the oil will be efficiently channeled to global markets, ushering in a new era of international trade and export possibilities.

The EACOP project brings together a consortium of notable stakeholders. TotalEnergies holds the majority stake of 62%, followed by the Uganda National Oil Company (15%), the Tanzania Petroleum Development Corporation (15%), and the China National Offshore Oil Corporation (8%). This collaboration signifies the growing interest of major industry players in the untapped oil and gas potential of the region. The involvement of companies like TotalEnergies and China National Offshore Oil Corporation not only brings financial investment but also fosters knowledge-sharing, technological advancements, and best practices, further supporting the growth of exploration and production activities in the region.

Accordingly, the construction of the EACOP holds immense promise for the economic development of the region, as it would create thousands of jobs, provide employment opportunities for local communities, and contribute to poverty reduction. The influx of billions of dollars into the economies of Uganda and Tanzania would spur economic growth, allowing for increased investments in critical sectors such as healthcare, education, and infrastructure. The resulting boost in tax revenue would enable governments to enhance public services and implement social programs, benefiting citizens directly.

Moreover, the pipeline project demonstrates the potential for collaboration and partnership between nations. By working together, Uganda and Tanzania can leverage their respective strengths and resources to maximize the benefits of their oil and gas reserves. This united approach fosters regional integration and paves the way for increased trade and cooperation, unlocking new avenues for prosperity in East Africa and moving one step closer to making energy poverty history by 2030.

The establishment of the EACOP holds substantial opportunities for E&P in East Africa. By offering a dependable and efficient method of transporting oil, the challenges and expenses associated with oil transportation are reduced, leading to increased feasibility and profitability of E&P projects. This improved accessibility to larger markets enables companies operating in the area to export their resources more effectively, ultimately attracting additional investments in E&P activities. What’s more, the EACOP will act as a conduit for unlocking previously uneconomical reserves, paving the way for extensive exploration activities throughout East Africa. With the potential to discover new hydrocarbon deposits in countries such as Kenya, Zambia, the Democratic Republic of Congo and beyond – all of which represent frontier markets -, the EACOP will drive the region’s energy industry forward, laying the foundation for the monetization and maximization of oil and gas in Africa.

During the conference, the AEC will drive the narrative that for Africa to effectively address energy poverty and distribute its resources to those in need, it is imperative to have infrastructure such as pipelines to transport the continent’s hydrocarbon reserves.

“As we witness the revitalization of the ‘Drill, Baby, Drill’ spirit in Uganda, we stand on the brink of unlocking tremendous energy security. The EACOP is a testament to the opportunities that lie ahead. It guarantees safe oil transportation and acts as a catalyst for robust economic activity,” states Ayuk, adding that, “This pipeline will create thousands of jobs, breathing new life into the economies of Uganda and Tanzania. The Chamber strongly supports President Yoweri Museveni of Uganda and Ruth Nankabirwa Ssentamu, Minister of Energy, in the pursuit of energy security. This project is a key step towards moving both Uganda and the entire East African region away from foreign aid, ensuring that oil and gas become agents of positive change rather than cautionary tales of missed opportunities.”

During the East African Petroleum Conference and Exhibition, the AEC will continue to drive its support for the development of the EACOP, while touching on topics such as exploration and production, increasing investment in oil and gas and the role East Africa will play in making energy poverty history by 2030. Inherently, the EACOP project symbolizes a significant milestone in the quest for regional energy development, with its remarkable length and substantial capacity setting the stage for enhanced connectivity and prosperity. By efficiently linking Uganda’s oil reserves to the global market, the pipeline opens avenues for economic growth, foreign investment, and collaboration.

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Energy

Alake unveils gender strategy for mining, steel sector

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The Minister of Solid Minerals Development, Dr Dele Alake, has unveiled a document for Women in Mining in Nigeria (WIMIN) strategy document.

Speaking at the event, he described the strategy as a significant mile stone in the sector.

He said that the move was a demonstration of the commitment of the Ministry of Solid Minerals Development (MSMD)‘ and Ministry of Steel Development in fostering diversity.

He said that the strategy is aimed at promoting gender equality and women‘s empowerment, adding that its focused on driving productivity for the nations‘ sustainable development.

“It also focuses on improving the opportunities for women to benefit from both sectors sustainably in policy, regulatory, operational, and commercial (large scale, medium scale, small scale, and artisanal levels), and value and supply chain roles.

“This strategy is not just a document but a call to action and a blueprint for all stakeholders to create a more inclusive and gender-balanced mining and steel sector.

“It provides a guideline and framework to guide both ministries, their agencies, and stakeholders to integrate gender equality and women’s empowerment priorities in their policies, programmes, and initiatives,” he said.

He acknowledged the indispensable contributions of women to the success and sustainability of the mining sector, saying that their talents, expertise, and perspectives are critical to the success and growth of the industry.

According to him, Nigeria is not immune from the biases perpetuated against women in these two sectors.

In addressing the situation, he said that the Federal Government has prioritised gender equity and female participation in its “Roadmap for the Growth and Development of the Nigerian Mining Industry.”

He said as part of the efforts of MSMD and Ministry of Steel Development to implement the roadmap, the Mineral Sector Support for Economic Diversification (MinDiver) engaged a consultancy to develop the gender strategy.

He said that to achieve the objectives of the strategy, its institutional capacity would be strengthened for effective gender mainstreaming.

He added that that women’s participation in leadership and governance roles within the mining sector and communities would be increased.

“Promoting women’s economic empowerment and rights and eliminating all barriers (structural and systemic) that hinder women’s meaningful participation, access and control over mining resources and benefits,” he said.

The Minister added that they were committed to building partnerships across a wide range of stakeholders in achieving the vision of the strategy.

He said that the WIMIN strategy was firmly rooted in the principles of equality, diversity, and empowerment, and  a call to action for stakeholders mobilisation toward a more inclusive and gender-balanced industry.

Earlier in her remarks, the National President of WIMIN, Dr Janet Adeyemi, described the launch of the strategy as an opportunity to galvanise support and implement actions to address the entrenched gender disparities within the mining and steel sectors.

Represented by the National Secretary, Mrs Emily Ofodile, she said that women within these industries continue to encounter multifaceted barriers that hinder their full participation and advancement.

On her part, the Permanent Secretary of MSMD, Dr Mary Ogbe, urged, women to be change agents at all levels, and urged all organisations to have gender focal persons to help in coordinating all related matters.

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Energy

Tree4Life Project: NEPL/Seplat JV, Edo sign reforestation agreement

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The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc.

This is in furtherance to the Seplat Tree4Life Initiative and the Edo State Government’s identification of the need to increase forest cover and carbon sequestration efforts within the region.

Seplat Energy has been selected as the partner to implement this reforestation project, which aims to plant millions of indigenous trees on the allocated land over the next five (5) years. This project represents a significant investment in environmental conservation and sustainable development for the state.

Speaking at the agreement signing ceremony, which happened in Edo State Government House, the Managing Director, Seplat West Limited, Seplat Energy, Ayodele Olatunde, said the partnership will contribute in the global efforts around mitigating the effects of climate change, whilst providing economic, social, health and other environmental benefits to the region.

“This will stir more advocacy as far as climate change is concerned and put the Edo State Government with the Seplat JV on the map as change agents. The partnership is well aligned with our Tree4Life Initiative and has the capacity to boost our economy and the environment; advance our soil health and drive carbon capture; preserve our ecosystem; enhance biodiversity; create jobs; conserve our forests; and promote physical and mental wellbeing of our people,” Olatunde said.

The Commissioner for Environment & Sustainability, Edo State, Joshua Omokhodion, said the synergy between Edo State and the Seplat JV is a huge attempt at mitigating the impacts of climate change in Nigeria.

“Beyond the economics of this move, the science of it is very important to us because it is an attempt to deliberately create an ambience that will be conducive for humans and other creatures here.”

The Director, External Affairs & Social Performance, Seplat Energy, Chioma Afe, in her address, thanked the Edo State Government for partnering with the NEPL/Seplat JV on this sustainable journey of reforestation.

She said, “This will drive forward our shared goals of environmental conservation and sustainable land use.”

“These 6,000 hectares of land being allocated today, we believe, will provide a major boost to efforts at increasing tree cover and also to sequester carbon in our region. We believe also that this will not only tackle climate change, but will promote the local economy as well as local wildlife. The agreement demonstrates the NEPL/Seplat JV strong commitment to supporting impactful environmental projects,” Afe explained.

The Managing Director, NEPL, Nicolas Foucart, represented by Mr. Uzoma Ezulu, DM Operations Management Seplat, NEPL, said the partnership between the state government and NEPL/Seplat JV is a laudable response to the global warming crisis.

“The world is turning around for the worst; human activities in the name of development have done more harm than good to the environment. The Tree4Life project, therefore, is a conservative effort for all of us,” he said. Teasoo Consulting Limited was also among the facilitators of the agreement signing ceremony,” Nicolas said.

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Energy

Fuel queues will end soon — Reps assure Nigerians

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The House of Representatives, has reassured that the long queues at filling stations in the country, will soon fizzle out soon.

Chairman, Petroleum Downstream, Rep. Ikenga Ugochinyere, said this at a joint news conference in Abuja on Wednesday.

“We hereby express our concerns over the temporary presence of fuel queues in petrol stations across the country.

“However, we are convinced that this is temporary based on our investigation, and in a couple of days, we shall get over it,” he said.

Flanked by Rep. Henry Okojie, the Chairman, Petroleum Midstream, Ugochinyere said that investigations had revealed that the scarcity was artificial.

“We have discovered that there is availability of petrol products. We have it on good authority that we have in our storage facilities at least, about 1.5 billion liters of petrol,” he said.

He said that 1.5 billion litres can last for 30 days.

“We have gotten assurances from the regulators in the distribution value chain that these bottlenecks have been cleared. In the course of this public holiday, more grounds will be covered.

“From our findings, the issues that necessitated the disruptions that led to the appearance of fuel queues in petrol stations have been cleared.

“They said that it would take a few more days for things to return to normalcy, while calling on Nigerians not to panic over this development.

“We have gotten assurances from the regulators and the unions that these challenges will be cleared in a few days,” he said.

Ugochinyere added, “It will require more time, like two to three days, for products to be distributed to all stations nationwide.

“As a committee that is charged with downstream and midstream oversight, we have been monitoring this development.”

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