Energy

OPEC Secretary General Says Africa Needs to Combat Energy Poverty As a Priority

H.E. Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) has urged African oil-producing countries to continue developing their energy sector activities and reassured that OPEC will continue to serve as a viable partner and “assist [them] in whatever way possible.”

Speaking during a meeting at the Republic of the Congo’s National Oil Company, Société nationale des pétroles du Congo (SNPC), as part of a historic three day OPEC and African Energy Chamber delegation to the country on Monday, he highlighted the role of oil and gas in the development of Africa’s energy industry, as well as global energy security. H.E. Barkindo further pointed out that while improvements in renewable energy technologies have been made, the oil and gas industry remains the primary road out of widespread energy and economic deprivation.

“OPEC categorially rejects the narrative that the energy transition is from hydrocarbons to renewables,” said H.E. Barkindo, adding that “all sources of energy are required today in order to meet the challenges of climate change and the future demand for energy.”

Given that the global population is said to increase by 1.7 billion people by 2045 with the majority coming from Africa, it remains crucial that countries like the Congo strengthen their energy industries to respond efficiently to current and future challenges. Congo’s efforts to boost its oil and gas sector, as well as SNCP’s activities have been praised by the Secretary General.

ECP is live covering AEC’s and OPEC’s historic visit to the Republic of Congo as it launches it’s own initiatives to promote the country’s energy sector.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

N1.3bn Fraud Allegation: Court Orders Arrest of Dana Air MD For Not Showing Up For Arraignment

A Federal High Court in Abuja has ordered the arrest of the Managing Director of…

3 hours ago

Nigerians To Enjoy 85% Discount On Groceries, Phones, Home Appliances, Others As Konga Begins Yakata Black Friday Sale

Consumers in Nigeria now have opportunity to get 85 percent discount on products of their…

3 hours ago

Nigeria Partners with ECOWAS and Morocco to Launch $26B African Gas Pipeline

The Nigerian government, in partnership with the Economic Community of West African States (ECOWAS), Morocco,…

4 hours ago

Naira Falls to N1,676.90/$1 at Official Market, Slides to N1,708.87/$1 at Alternative Window

The Naira depreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 0.61 percent and…

5 hours ago

President Tinubu Orders Release of Minors Prosecuted for #BadGovernance Protests

Following a recent viral video on the X app regarding the prosecution of minors who…

8 hours ago

Nigerian Army Seizes 700,000 Liters of Stolen Petroleum in Sweeping Raid Across Four States

In a series of raids across Rivers, Bayelsa, Akwa Ibom, and Delta states, troops from…

8 hours ago