the Honorable Abdirisak Mohamed Omar of the Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, officially participates in the Africa Oil Week 2022 (www.Africa-OilWeek.com) which takes place on October 3-7. The Honorable Omar takes up his important role from August 2022 and will join more than 30 ministers at the event, which will take place in the heart of Cape Town, South Africa. Organized by Hyve Group Plc., Africa Oil Week is the premier oil and gas event that promises to bring together leading energy stakeholders to celebrate this year’s theme: Sustainable growth in a low-carbon world.
“Africa Oil Week extends a warm welcome to the hon. Abdirisak Mohamed Omar of the Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, for this year’s event. His appointment is a testament to how respected he is in the industry as he leads his country into a new era of energy and economic growth. Somalia is rich in opportunities spanning the entire energy sector and value chain, so hearing his valuable insight into the need for foreign investment and the involvement of international players in African oil and gas will be a great contribution,” said Paul Sinclair, Vice President of Energy and Director. on Government Relations for the African Petroleum Week.
Although oil is the backbone of most industrialized economies, Somalia still relies heavily on imports to sustain its economy. His Highness Minister Mohammed aims to reverse this trend by creating a more attractive market in Somalia, and previously told Africa Now that he would prioritize exploration, infrastructure development and regional cooperation to transform upstream and downstream Africa into the continent’s economic backbone. This work, along with a focus on the return of global energy companies, will be a key way to usher in a new era of hydrocarbons in Somalia and beyond.
“Fortunately, Somalia is on the verge of experiencing a brilliant new dawn. The country is now well established with the framework needed to bring foreign investors back into the country. In addition, the 2020 Petroleum Industry Laws governing the industry will ensure more revenue for Somalia and its regions in the very near future,” Sinclair said.
“The African Oil Week is about addressing each country’s challenges and needs to be heard on the world stage, as well as giving leaders the opportunity to talk to major energy players to discuss investment and even new market entry. As global demand for African oil and gas has increased over the past 12 months, Somalia has become a very attractive investment destination, so we fully support His Highness Minister Mohamed’s aim to transform the sector and make a compelling case for foreign investment and further engagement with international organisations,” said Sinclair.
He adds: “This whole event has been running for over two decades now as a way of promoting all that Africa has to offer when it comes to the world’s energy needs. But with the continent’s economy struggling for stability and more than 80 percent of sub-Saharan Africa’s population lacking access to clean cooking technologies, Africa Oil Week 2022 is an important event for Africa to step forward into the global energy space. .”
Register your interest now to play your part in the sustainable development of our industry and Africa through African Upstream. Attend the conference with senior delegates and more than 50 ministers and heads of government: Africa Oil Week 2022 (www.Africa-OilWeek.com).
Distributed by APO Group on behalf of Africa Oil Week.
Media contact:
Amy Sparrow
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About African Petroleum Week:
Africa Oil Week (www.Africa-OilWeek.com) is the meeting place for the continent’s oil and gas exploration sector. The event is now in its 28th year and brings together governments, national and international oil companies, independent individuals, investors, the G&G community and service providers. Africa Petroleum Week takes place in central Cape Town at the Cape Town International Convention Center 2 (CTICC2) from 3 to 7 October 2022.
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