The African Petroleum Producers Organization (APPO) reappointed Dr. Omar Farouk Ibrahim as Secretary General at the APPO Ministerial Council session held in Luanda, Zambia, a move that will usher in a new era of growth in the continent’s hydrocarbon industry.
The African Energy Chamber (AEC), as the voice of the African energy sector, congratulates Dr. Farouk on his reappointment and strongly supports the decision made by APPO as it will catalyze the expansion of the oil and gas industry. African.
While Dr. Farouk has been optimistic about developing and harnessing Africa’s vast untapped oil and gas resources to tackle growing energy poverty and spur socio-economic developments since his first appointment as Secretary General of APPO in January 2020, its renewal is good news for Africa. continent as energy producing countries seek trusted pan-African institutions and partners such as APPO to maximize oil and gas developments for energy security.
Under Dr. Farouk’s leadership, the APPO has led a series of positive developments across the continent’s oil and gas value chain.
As policies related to the energy transition disrupt the flow of investments to boost oil and gas developments in Africa, the APPO, under the leadership of Dr. Farouk, has remained a reliable solution as the institution continues to provide much-needed funding. through the Africa Energy Investment. Company. And now, as Africa seeks to maximize the use of local financial solutions to end energy poverty, APPO, in partnership with the African Export-Import Bank (Afreximbank), is creating the African Energy Transition Bank to address the challenges of financing oil and gas projects. in partnership with the private sector.
Furthermore, as the continent expands its oil and gas reserves to meet declining production due to the natural decline of legacy projects, Dr. Farouk led APPO member countries, including the Democratic Republic of Congo, Algeria and Angola, to launch a series of licensing rounds aimed at attracting more business and upstream investment.
Furthermore, while limitations in regional oil and gas infrastructure have restricted energy trade by and between African producing countries and APPO members, the APPO, under the leadership of Dr Farouk, has committed to changing that with the organization strongly supporting the development of massive projects such as the Central African Gas Pipeline Construction Project and the Trans-Saharan Gas Pipeline.
Additionally, as Africa pushes the local content agenda forward as the oil and gas industry grows, the APPO, under the leadership of Dr. Farouk, is spearheading various initiatives aimed at maximizing the skills development and sharing of knowledge and expertise among African national oil and gas companies as well as Ministries of Energy and Hydrocarbons.
“The Chamber congratulates Dr. Farouk on his reappointment as Secretary General of the APPO. We believe that as Africa seeks to take ownership of its oil and gas industry, forces like Dr. Farouk are key to ensuring that Africa’s voice and concerns are heard. We commend Dr. Farouk for his tremendous commitment to helping Africa seize energy transition opportunities and address related challenges,” said NJ Ayuk, Executive Chairman of the ACS.
As the energy transition takes center stage, the reappointment of Dr. Farouk as Secretary General of the APPO will usher in a new era of opportunity in the African oil and gas industry and help ensure that the transition in Africa is fair, inclusive and stimulates the socio-economic development of the continent. developments.
Distributed by APO Group for the African Energy Chamber.