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More than 80 Tunisian and Austrian stakehold- to raise oil prices. and downstream sectors of the Nigerian Oil and
ers, with 30% of women representation, met Saudi Arabia, the largest oil producer, said Gas industry.
on March 14 to discuss green hydrogen and previously that price caps on oil will only serve The NCDMB Chief Executive had previ-
water-related impacts. The workshop was an to increase instability and uncertainty in oil mar- ously explained that the showcase of upcoming
opportunity to exchange knowledge between kets rather than solve any problems. projects is intended to give Nigerian service
government ministers, private and public sector Saudi energy minister Abdulaziz bin Salman companies ample opportunity to build rele-
representatives, and academics, according to said NOPEC does not recognise the importance vant capacities that might be required to exe-
UNIDO. of holding spare capacity and the consequences cute the projects in-country, thereby creating
The collaboration in green hydrogen will help of not holding spare capacity on market stabil- employment opportunities and retaining spend
Tunisia to decarbonise its metallurgical, ceramic, ity, and would undermine oil investments and in-country.
and glass sectors. It will also boost the creation cause global supply to fall severely short of future The goal he added, is also to reassure stake-
of new sustainable industries, such as fertilisers demand. holders of the industry that opportunities still
based on green ammonia. bna/IntelliNews, 21 March 2023 abound in the Nigerian oil and gas industry and
Participants discussed the importance of encourage them to look forward and invest in
green hydrogen in achieving the countries’ goals NCDMB to host 4th Nigerian the sector, despite concerns about energy tran-
of renewable energy, as it opens new markets and sition and other emerging developments in the
opportunities, UNIDO said. Oil and Gas Opportunity Fair global oil and gas industry.
Tunisia’s location can also support Central The event which is managed by Jake Riley Ltd
Europe’s hydrogen needs across industries, The Nigerian Content Development and Mon- promises to have a greater impact this year and
transportation, and energy, as “the current gas itoring Board (NCDMB) has announced plans the agenda would focus on industry linkages as
corridor between North Africa and Southern to organise the 4th edition of the Nigerian Oil well as opportunities within the African conti-
Europe can be repurposed to transport large and Gas Opportunity Fair (NOGOF), with the nent. The event promises to showcase oppor-
quantities of cost-competitive green hydro- theme “The oil and gas industry: Catalyst and tunities that exist in the industry over the next
gen from Tunisia through Italy to Central fuel for the industrialisation of Nigeria.” three to five years and presentation will be made
Europe, including Austria leveraging existing After being held virtually in May 2021 in a bid by over 20 international and indigenous oil and
infrastructure.” to curtail the spread of COVID-19 pandemic, gas companies.
The event was attended by Ula Krauss-Nuss- the biennial event is set to return to the NCDMB Some of the topics that will be discussed at
baumer, Ambassador to the Austrian Embassy Conference Center in Yenagoa, Bayelsa State NOGOF 2023 will include upstream oppor-
in Tunisia, Bilhassan Chiboub, Director Gen- from the 17th to 19th May 2023, and would tunities, linkage industry opportunities, gas
eral of Electricity and renewable Energies of the showcase the various opportunities that exist in and downstream opportunities, financing and
Ministry of Industry, Michael Losch, Special the Nigerian oil and gas industry. investment, environmental, social and govern-
Envoy for Green Industrial Policy of BMK, and The event, which was introduced by Simbi ment (ESG) and sustainable and regional oppor-
Hanan Hanzaz, Head of the Regional Coordina- Kesiye Wabote, led NCDMB in 2017, with the tunities with members of the African Petroleum
tion Division for Arab Countries representing inaugural edition held at Uyo, Akwa Ibom State Producers Organisation (APPO). Other topics
UNIDO. has consistently showcased short- to medi- will include topical and challenging issues cur-
bna/IntelliNews, 20 March 2023 um-term plans and activities of operators and rently facing the oil and gas industry, with the
project promoters in the upstream, midstream goal of finding lasting solutions in the industry.
Libya’s oil minister says

proposed NOPEC bill
destabilises oil markets

Libya’s oil minister Mohamed Oun has warned
that the US Congress approval of the No Oil
Producing and Exporting Cartels Act (NOPEC)
will only serve to destabilise the international oil
market.
“OPEC+ is trying to achieve the stability of
the market via determining the supply quanti-
ties not the prices,” he said in comments during
a meeting with the Algerian ambassador in Trip-
oli, Reuters reports.
NOPEC a bill proposed by the US Congress
in 2007, was originally proposed to protect US
consumers and businesses from engineered oil
spikes. It exerts pressure on the rest of the world
to increase oil supplies, and consequently reduce
prices.
The bill allows Washington to file lawsuits
against oil producers, including OPEC mem-
bers and allied countries, for allegedly plotting

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