NIES to convene Africa’s national oil firms for energy agenda


Oritsegbubemi Omatseyin

Lagos — The highly anticipated 7th Nigeria International Energy Summit, NIES 2024, will convene a forum  for Africa’s National Oil Companies, NOCs, in Abuja, beginning from February 26.

The event, bringing together chief executive officers, CEOs, and key stakeholders from African NOCs, promises to be a pivotal moment for shaping the future of the energy sector under the sub-theme, “Sustainable Strategies for Energy Leadership: Navigating Security, Transition, and Finance in a Changing World.”

The NOCs’ Forum scheduled for the third day of the summit on Wednesday, February 28, will commence with an opening address by Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil).

The session will feature a panel of CEOs representing leading NOCs across Africa, including Mr. Mele Kolo Kyari, CEO of the Nigeria National Petroleum Company Limited ,NNPC.

The NOCs Forum aims to explore sustainable strategies for energy leadership amidst evolving challenges in security, transitioning to renewable sources, and financing initiatives in a rapidly changing global landscape. By fostering collaboration and innovation, energy leaders can navigate the transition towards a more sustainable and resilient energy future.

“NIES 2024 presents a landmark opportunity for Africa’s National Oil Companies to collaborate and shape the trajectory of our energy landscape. we are honored to facilitate this crucial dialogue, where leaders will discuss sustainable strategies for navigating the complexities of our evolving energy sector to chart a course towards a more resilient and prosperous energy future for Africa,” James Shindi, Chief Executive of Brevity Anderson, NIES conference producers, said.

Key focus areas of the session include discussing emerging security threats to the energy sector, including cyberattacks, geopolitical tensions, and physical infrastructure vulnerabilities; and sharing insights on strategies for accelerating the transition to renewable energy sources, including technological innovations, policy frameworks, and overcoming barriers to adoption. It will also cover, delving into financing mechanisms for sustainable energy projects, exploring trends in green financing, public-private partnerships, and risk mitigation strategies as well as addressing the role of policy and regulations in fostering energy leadership, highlighting successful initiatives and areas for improvement.

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This article was originally posted at sweetcrudereports.com

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