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#NigeriaPetroleumSummit: Buhari, Barkindo, Kachikwu harp on collaboration in Africa’s Oil Industry


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 Government. 

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 continent. 

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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