{"id":14652,"date":"2025-01-29T17:27:37","date_gmt":"2025-01-29T17:27:37","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14652"},"modified":"2025-01-29T17:27:46","modified_gmt":"2025-01-29T17:27:46","slug":"oil-gas-crucial-for-african-growth-aec-calls-for-industry-support-to-defend-african-market","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/oil-gas-crucial-for-african-growth-aec-calls-for-industry-support-to-defend-african-market\/","title":{"rendered":"Oil &#038; Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/energychamber.org\/2025\/01\/23\/\"><\/a><em>The African Energy Chamber calls for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa\u2019s oil and gas industry.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Africa\u2019s oil and gas industry \u2013 critical for improving energy access, driving industrialization, spurring economic growth and achieving sustainable development \u2013 faces increasing opposition from environmental groups and financial institutions seeking to undermine its potential. With over 600 million people living without access to reliable energy, the continent must prioritize the development of its hydrocarbon resources while advancing local content initiatives that deliver tangible benefits to African communities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The African Energy Chamber (AEC), serving as the voice of Africa\u2019s energy industry, remains steadfast in advocating for the industry\u2019s role in eradicating energy poverty. As external forces intensify their opposition, the AEC calls for unwavering industry support in its efforts to connect African prospects with global capital to unlock the socioeconomic potential of Africa\u2019s resources. Through platforms such as the African Energy Week (AEW): Invest in African Energies conference \u2013 which takes place 29 September to 3 October in Cape Town \u2013 the AEC will continue to facilitate investment, drive oil and gas projects forward and advocate for the protection of Africa\u2019s interests in global energy affairs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Several game-changing projects aimed at bolstering the African industry continue to be attacked. Global major Shell\u2019s seismic survey campaign off South Africa\u2019s Wild Coast \u2013 aimed at unlocking and harnessing the country\u2019s undeveloped oil and gas resources \u2013 has been met with resistance. Similarly, the East African Crude Oil Pipeline, which promises to enhance energy security and economic development, has faced significant opposition. Measures by the AEC striving to connect African opportunities with global investors are increasingly being challenged.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AEC, with backing from industry stakeholders, remains committed to empowering Africans, driving local content development and showcasing the continent\u2019s vast energy potential. Fossil fuels are projected to account for over 60% of Africa\u2019s energy mix by 2040, underscoring their importance in meeting growing energy demands. In this regard, this year\u2019s AEW: Invest in African Energies conference will bring global financiers together with African stakeholders to advance investment, eradicate energy poverty and support local content initiatives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the theme&nbsp;<em>Positioning Africa as the Global Energy Champion<\/em>, AEW: Invest in African Energies will foster partnerships and collaboration to strengthen Africa\u2019s energy future. The event has long-played a vital role in facilitating deals across the energy value chain in Africa. In 2024, the event saw transformative deals, including the African Export Import Bank\u2019s $16.8 million loan to support crude oil evacuation in Nigeria and a $10 million trade finance agreement with Dorman Long Engineering. The Republic of Congo\u2019s National Oil Company SNPC also partnered with its Azerbaijan counterpart to enhance the CORAF Refinery. These are just some of the many deals signed at AEW: Invest in African Energies 2024. Building on this momentum, the 2025 conference aims to unlock even more investment and collaboration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOil and gas development is the cornerstone of Africa\u2019s socioeconomic progress,\u201d said NJ Ayuk, the Executive Chairman of the AEC. \u201cWe must be firm in our commitment to Drill Baby Drill policies that will encourage more investment in our continent. Africa needs more drilling, licensing rounds, fast track permitting and approval, reduced taxes for oil and gas projects and a united front against external efforts undermining the continent\u2019s growth. The Chamber stands firm in its support of initiatives that harness Africa\u2019s resources to benefit local economies and transform lives across the continent and Make Energy Poverty History.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The African Energy Chamber calls for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa\u2019s oil and gas industry. Africa\u2019s oil &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/oil-gas-crucial-for-african-growth-aec-calls-for-industry-support-to-defend-african-market\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11],"tags":[6986,9542,11752,686,955,6104,1827,2332],"class_list":["post-14652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","tag-african-energy-chamber","tag-african-energy-week","tag-african-export-import-bank-2","tag-east-african-crude-oil-pipeline","tag-gas","tag-nj-ayuk","tag-oil","tag-snpc","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/06\/Senegal-Sangomar.png?fit=742%2C417&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Ok","jetpack-related-posts":[{"id":11300,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-energy-lobby-african-supports-shells-court-case-victory-to-conduct-offshore-seismic-surveys\/","url_meta":{"origin":14652,"position":0},"title":"SOUTH AFRICA: Energy Lobby African Supports Shell\u2019s Court Case Victory to Conduct Offshore Seismic Surveys","author":"","date":"December 4, 2021","format":false,"excerpt":"The African Energy Chamber has lauded the South African High Court\u2019s decision to allow multinational oil and gas company Shell to conduct seismic surveys offshore South Africa. Following an 11th hour attempt by environmentalists to halt plans by Shell to conduct seismic surveys along the eastern coast of South Africa,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/South-Africa-Searcher-2D-3D-1024x724-1.png?fit=1024%2C724&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/South-Africa-Searcher-2D-3D-1024x724-1.png?fit=1024%2C724&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/South-Africa-Searcher-2D-3D-1024x724-1.png?fit=1024%2C724&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/11\/South-Africa-Searcher-2D-3D-1024x724-1.png?fit=1024%2C724&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11495,"url":"https:\/\/www.oilnewskenya.com\/index.php\/time-for-an-african-funded-energy-bank-to-finance-exploration-development\/","url_meta":{"origin":14652,"position":1},"title":"Time for an African Funded Energy Bank to Finance Exploration &#038; Development","author":"","date":"January 3, 2022","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa\u2019s oil and gas industry. To prevent catastrophic climate change, environmental organizations, financial organizations, and governments across Europe and\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/seismic-survey2.jpg?fit=723%2C482&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10147,"url":"https:\/\/www.oilnewskenya.com\/index.php\/american-petroleum-institute-african-energy-chamber-sign-mou-to-expand-natural-gas-oil-industry-standards-and-initiatives\/","url_meta":{"origin":14652,"position":2},"title":"American Petroleum Institute, African Energy Chamber Sign MOU to Expand Natural Gas &#038;Oil Industry Standards and Initiatives","author":"","date":"April 1, 2021","format":false,"excerpt":"The American Petroleum Institute (API) and the African Energy Chamber (AEC) \u00a0have signed a Memorandum of Understanding to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil. \u201cAPI is pleased to collaborate with the AEC to expand\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/7bee5c4f4a2562f3b6534c745b04b0d0.jpeg?fit=800%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/7bee5c4f4a2562f3b6534c745b04b0d0.jpeg?fit=800%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/7bee5c4f4a2562f3b6534c745b04b0d0.jpeg?fit=800%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/7bee5c4f4a2562f3b6534c745b04b0d0.jpeg?fit=800%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8182,"url":"https:\/\/www.oilnewskenya.com\/index.php\/energy-lobby-to-host-webinar-on-financing-the-recovery-of-african-oil-and-gas-markets\/","url_meta":{"origin":14652,"position":3},"title":"Energy Lobby to Host Webinar on Financing the Recovery of African Oil and Gas Markets","author":"","date":"May 11, 2020","format":false,"excerpt":"In line with its recently-released Common-sense Energy Agenda that calls for banking and financial support to the oil & gas sector, the African Energy Chamber will be hosting a webinar exploring the role of Private Equity, gas monetization and African marginal oilfield producers in supporting economic recovery. The webinar is\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12258,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afreximbank-appo-mou-creates-africa-energy-bank-to-finance-africas-oil-and-gas-projects\/","url_meta":{"origin":14652,"position":4},"title":"Afreximbank, APPO MoU Creates Africa Energy Bank to Finance Africa&#8217;s Oil and Gas Projects","author":"","date":"May 17, 2022","format":false,"excerpt":"Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Duport-Modular-Refinery.jpg?fit=1024%2C581&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8429,"url":"https:\/\/www.oilnewskenya.com\/index.php\/fifth-africas-energy-conference-set-for-october-2021\/","url_meta":{"origin":14652,"position":5},"title":"Fifth Africa\u2019s Energy Conference Set For October 2021","author":"","date":"June 25, 2020","format":false,"excerpt":"Africa Oil & Power (AOP) 2021 highlights African integration across borders throughout the entire energy value chain and examines the African investment environment post COVID-19; AOP 2021 welcomes presidents, ministers, national oil companies and utility heads, IPP and renewables executives and more for the fifth edition of Africa\u2019s Energy Conference;\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Africa-Oil-Power.jpg?fit=489%2C352&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14652"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14652\/revisions"}],"predecessor-version":[{"id":14653,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14652\/revisions\/14653"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14361"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}