Monday, February 19, 2018 2.00PM / Proshare WebTV
President Muhammadu Buhari, the Secretary-General of the Oil
Producing Exporting Countries(OPEC) Dr Mohammed Barkindo and Minister of State,
Petroleum Resources Dr Emmanuel Ibe Kachikwu all harped on the need for deeper
collaboration, in the African Oil and Gas Industry.
They made this assertion at the opening session of the maiden
Nigeria International Petroleum Summit in Abuja.
The summit which focused on the theme “Leading Africa’s
Response to the Global Oil and Gas Challenges” brought together key stakeholders
in the Industry across the continent.
President Muhammadu Buhari who was the special guest of honour,
assured the stakeholders that the summit had the full backing of the Federal
Speaking through the Secretary to the Government of the Federation
Mr Boss Mustapha, the President asserted that the Nigeria Petroleum Summit was
designed after the OTS summit in the United States of America. The President
stressed that it was an opportunity to encourage synergy and expand investment
opportunities into the African Oil Industry.
The Nigerian leader used the summit to share with investors,
how the government has driven reforms for transparency and opened up the space
for strategic funding and investments into the sector.
Chief host and Minister of State Petroleum Resources Dr Emmanuel
Ibe Kachikwu said the summit provided a great platform for key players in the
African Oil and Gas space,to forge a common front in harnessing Oil to provide
jobs, build technical expertise and develop great resources for the continent.
Kachikwu informed stakeholders that the summit was hosted to
energize the petroleum sector in Africa, and drive collaboration in the
Giving his remarks the Secretary General of OPEC Dr Mohammed
Sanusi Barkindo commended the Minister of State, Petroleum Resources Dr
Kachikwu for setting the pace with the maiden “Nigeria International Petroleum
Summit” and also lauded President Buhari for giving all the support to the reforms
and transformation of the industry.
According to Barkindo “The Nigerian International Petroleum Summit
is coming at a critical time, the global crude oil price was emerging from a
downturn”. Innovation he noted was the life-blood of the Oil and Gas Industry,
emphasizing the need for African Petroleum Producers to partner effectively in
achieving a robust sector.
Barkindo commended Nigeria for playing a significant role in the
area of “Consensus Building” in the OPEC cartel, which he described as remarkable.
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