Page 18 - AfrOil Week 12 2022

AfrOil NEWS IN BRIEF AfrOil

Now including selections from NewsBase’s partner service

Following the decision taken by African Oil capability of African-held and focused energy continent’s growth and development.”
Week (AOW) to move its dates to October in events. Now, in 2022, AEW is even more moti- At AEW 2022 in Cape Town, discussions will
Cape Town – after abandoning the continent vated, driven by the event’s continued commit- not only be centered around African energy, but
during its most difficult time, COVID-19, in ment to the continent. will be led by both public and private sector exec-
2021 – AEW 2022 will continue to drive its “We need to have a higher moral compass in utives from across the continent. Unlike AOW,
market- and Africa-focused agenda on October this game. AOW and Paul Sinclair’s lies, misrep- which chooses to lie about the ministers attend-
18-21, 2022 in Cape Town. resentations and dirty tricks will not turn us into ing their event, AEW 2022 is proud to host strong
Last year, AOW made the decision to go to them. What they have done and continue to do delegations led by Africa’s energy ministers in
Dubai, taking the discussion on African energy is wrong. AOW is all hat, no cattle. They must Cape Town. AEW 2022, taking place in partner-
out of Africa and away from African stakehold- think Africans and the oil and gas industry are ship with both Nigeria and Equatorial Guinea as
ers. Now, in 2022, the event has declared that it stupid,” states NJ Ayuk, Executive Chairman of well as the African Petroleum Producers Asso-
will be returning to Cape Town, despite the fact the AEC. ciation, represents the platform where deals
that they have previously regarded the continent AEW 2022, uniting Africa’s energy ministers, will be signed backed by a world-class program
as incapable, risky and an overall bad business global investors, and policymakers and deci- and industry-advancing conference agenda.
environment. So why does AOW and Paul Sin- sion-makers in Cape Town, is purpose driven. AEW 2022 will host conversations around every
clair continue to misrepresent, fabricate and mis- The event was established with a sole mandate energy sector in Africa – including, but not lim-
guide African stakeholders? to make energy poverty history by 2030. This ited to, oil, gas, renewables, hydrogen, power and
In 2021, AOW misrepresented ministers objective has not changed, but rather, the event’s infrastructure – as well as the entire energy value
attending their events, claiming that Africa’s participants and partners are even more driven chain. If you are committed to Africa and believe
energy leaders were traveling to Dubai when to make this objective a reality. Unlike money in Africa’s energy future, AEW 2022 should be
in fact they were attending AEW 2021 in Cape driven AOW, AEW 2022 believes in a message: your conference of choice.
Town. In 2022, these misrepresentations have in Africa, for Africa. The goal of AEW 2022 is African Energy Chamber, March 22 2022
only continued, with the event claiming that clear and the event will not be misguided or fall
Gwede Mantashe, Minister of Mineral Resources into the trap that AOW is laying out. AEW 2022 BOST could buy Nigerian
and Energy, South Africa, participated in Dubai will keep its dates, keep its message in sight and
last year. So why lie? AOW lies because they are keep its commitment to the continent. oil for TOR refinery to help
opportunists. “We are going to knock on every door. We
Rather than remain committed to Africa, are going to organise and make this a success. reduce fuel prices, MP says
AOW leaders such as Paul Sinclair simply stick It is a challenge, but we will respond by working
their finger in the air and follow where the wind harder. Our position is very clear, we are NOT As part of measures to curb soaring fuel prices,
blows, chasing money rather than the develop- going to support AOW’s anti-African Energy, MP Edward Bawa, a member of parliament’s
ment of Africa and its energy resources. In 2022, Pro EITI, Greenpeace and Friends of the Earth Mines and Energy Committee, has said that the
these trends are unlikely to change. green revolution nonsense. Our goal is to ensure Bulk Oil Storage and Transportation Company
In 2021, AEW proved critics, including that Africa produces every barrel of oil and gas Ltd (BOST) could buy crude oil from Nigeria
AOW, wrong. Organised by the African Energy in the ground and we must not apologise for it,” to feed the Tema Oil Refinery (TOR), My Joy
Chamber (AEC), and in partnership with South Ayuk continued, adding: “AEW 2022 stands reports.
Africa’s Department of Mineral Resources and for something important, and we feel that we Several bulk distributing companies (BDCs)
Energy, AEW 2021 held the first and biggest are being vindicated daily. Africa needs bet- have called on BOST to consider such an ini-
energy event in Africa in a post-COVID-19 ter energy infrastructure and needs to drive tiative, Bawa said, speaking on JoyNews’ AM
environment. The event demonstrated the frameworks and policies that will advance the Show, noting that this is something not new to
Ghana and that TOR, despite having the capacity
to refine 45,000 barrels per day (bpd), has long
been dormant.
“It is possible that BOST, as we speak, as the
holder of strategic stock, can get up and say,
‘Instead of us buying refined products, let’s see if
we can buy crude oil.’ They have done that many
times.
“We buy crude from Nigeria. We give it to
TOR. TOR processes and gives it to us, so our
existing stocks will give it to GOIL and try to see
if we can force down the prices of the product in
the country,” Bawa was quoted as saying.
He urged the government to consider scrap-
ping some taxes off fuel prices.
Meanwhile, Andrew Agyapa Mercer, the
deputy energy minister, has said that the govern-
ment is considering scrapping three levies placed
on petroleum products: the Special Petroleum
Tax, Energy Sector Recovery Levy (ESLA) and
the Pollution and Sanitation Levy.
bna/IntelliNews, March 18 2022

P18 www. NEWSBASE .com Week 12 23•March•2022