Africa Oil Week sees the strongest presence of Ministers and Government officials
Hon. Abdirisaq Mohamed Omar Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, is officially attending Africa Oil Week 2022 (www.Africa-OilWeek.com) on 3-7 October. Honourable Omar has been in his high-profile role since August 2022 and will be joining over 30 ministers at the event held in the heart of South Africa’s Cape Town. Organised by Hyve Group Plc., Africa Oil Week is the leading 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 warmly welcomes Hon. Abdirisaq Mohamed Omar Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, to this year’s event. His appointment is proof of how well respected he is in the industry as he leads his country into a new era of energy and economic growth. Somalia is rich with opportunities spanning the entire energy sector and value chain, so hearing his valued insights into the need for foreign investment and international player participation in African oil and gas will be a great contribution,” said Paul Sinclair, VP of Energy and Director of Government Relations for Africa Oil Week.
Africa Oil Week is dedicated to getting each country’s challenges and needs to be heard on a global stage
Despite oil representing the backbone of most industrialised economies, Somalia is still largely reliant on imports to sustain its economy. H.E. Minister Mohamed is dedicated to changing this trend by creating a more appealing market in Somalia and has previously told Africa Now that he will be prioritising exploration, infrastructure development and regional cooperation to get Africa’s Upstream and Downstream as the backbone of the continent’s economy. This work, alongside a focus on returning global energy majors, will be the key pathway to opening up a new era of hydrocarbon in Somalia and beyond.
“Fortunately, Somalia is on the cusp of experiencing a brilliant new dawn. The country is now well set-up with the framework it needs to bring foreign investors back to the country. Additionally, the 2020 petroleum laws regulating the industry ensures that greater revenue for Somalia and its regions are in the very near future,” Sinclair said.
“Africa Oil Week is dedicated to getting each country’s challenges and needs to be heard on a global stage, as well as giving leaders the chance to network with major energy players to discuss investment and even entering a new market. As global demand for African oil and gas has increased over the last 12 months, Somalia has emerged as a highly attractive investment destination, so we fully support H.E. Minister Mohamed’s goal to transform the sector and make a strong case for foreign investment and further participation from international organisations,” said Sinclair.
He adds, “The entire event has been running for over two decades as a way of promoting everything Africa has to offer when it comes to the world’s energy needs. But with the continent’s economy struggling to stay stabilized and more than 80 per cent of the Sub-Saharan African population being without access to clean cooking technologies, Africa Oil Week 2022 is an essential event for Africa to take a step forward into the global energy space.”
