400 Oil & Gas Leaders meeting in Nairobi in 3 weeks’ time for International East Africa Oil & Gas Conference

Advertiser's Blog


Blogger's note:
The 2^nd East Africa Oil and Gas Summit (EAOGS) is set to take place from the 29th to 30th October in Nairobi, Kenya. The turnout is bigger and better this year, compared to last years event, despite of the recent Westgate Mall terrorist attack in Westlands, Nairobi. This reveals that foreign oil and gas industry stakeholders still have confidence in Nairobi and Kenya at large. 

Nairobi continues to attract many business travelers and potential investors as it continues to solidify its pre eminent position as East Africa's financial and logistics hub. It also looks set to become the hub for the emerging eastern and central Africa oil and gas industry. 

The organisers of the EAOGS, the Global Event Partners (K) Ltd., look set to host a successful event and have every confidence that it will provide value for money, in a safe and secure environment for its participants.



See the press release by the EAOGs summit 11th October 2013 below:

The 2^nd East Africa Oil and Gas Summit (EAOGS) is set to welcome 400 delegates from over 150 regional and international companies on the 29^th and 30^th October at the Intercontinental Hotel, Nairobi. Despite the recent events in Westgate, delegates and sponsors are continuing to book from all over the world as now more than ever companies want to show their support and belief in the huge opportunities that the oil and gas sector has to offer throughout East Africa.  In the last 10 days 3 new Gold sponsors; NOC Kenya, CFC Stanbic Bank and Milio, have joined the event and EAOGS 2013 now boasts 15 headline sponsors, a 200% increase in sponsors compared with last year’s summit.

The Ministry of Energy and Petroleum in Kenya are looking forward to welcoming the international community to Nairobi to unite all the key players in the market and examine how to drive the oil and gas industry forward in Kenya and across East Africa. At  the recent EAOGS press launch The Principal Secretary at the Ministry of Energy and Petroleum, Kenya, Eng. Joseph Njoroje spoke about the necessity to build up Kenya’s infrastructure to ensure the successful development of the hydrocarbon industry for the benefit of all parties: ‘’We want to be a good example of the hydrocarbons in Kenya… The most important success factor of this industry is setting up of the infrastructure so that by the time you are extractive industry reaches its maturity stage, the infrastructure should be in place to avoid wastage and to avoid pilferage, to ensure the industry itself brings in the benefits to the investor, to the country and to the local community. ‘’ said the Principal Secretary.

He also spoke of his commitment to the EAOGS programme and the importance of knowledge transfer so Kenya is ready to develop the hydrocarbon sector: ‘’I have been assured by the team from Global Event Partners that this Summit is one of a difference. Global Event Partners are ready to engage the stakeholders including our Ministry so that they can identify the gaps in awareness and focus more in their summit in filling those gaps. ‘’

EAOGS 2013 will bring together regional National Oil Companies, Ministries, IOC's, independent oil companies, service companies, legal advisors and investors to debate the oil and gas road map for the region. The Speaker line-up features Sumayya Atthmani, CEO, National Oil Corporation, Kenya; Galib Virani, Director, Afren East Africa Exploration; Hassan Hassan, Managing Director, Operations,  Simba Energy; Silvester Kasuku, Director General/CEO, LAPSSET Corridor Development Authority. The speaker line up so far features 33 regional and international experts representing both government and private sector companies and the full list of confirmed speakers, participating companies and the latest programme are available to view on the website eaogs.com.

EAOGS 2013 will build on the success of the 2012 Summit which was co-hosted by the Ministry of Energy, Kenya and Global Event Partners (K) and was a resounding success welcoming 326 delegates from over 170 regional and international companies attended with delegates coming from 29 countries.

Danny Grogan, Managing Director of the organisers Global Event Partners (K) Ltd explained the success factor behind the EAOGS Summit ‘’EAOGS benefits from  the continued support and guidance from the Kenyan Ministry of Energy and Petroleum and the National Oil Company which positions EAOGS as the event of choice for all the leading industry companies. And Grogan concluded:  ‘’EAOGS looks set to break new ground and attract 400 domestic and international participants to Nairobi this October.’’

Press contact

Rosie Topp, Global Event Partners Ltdrtopp@gep-events.com
UK Direct line: +44 20 3488 1193
UK Mobile: +44 7581 130130
UK Direct line: +44 20 3488 1193 UK Mobile: +44 7581 130130
---------------------------------------------------------------

Organisers:

EAOGS is organised by Global Event Partners (K) Ltd, a specialist international event organiser in the oil and gas, infrastructure and financial sectors. Our team at Global Event Partners has more than 40 years’ experience in organising leading industry conferences and exhibitions around the world.

Global Event Partners is affiliated to the dmg::events network. dmg::events are the organisers of world renowned oil and gas events including Gastech, ADIPEC, the Global Petroleum Show and the  World Heavy Oil Congress and are a subsidiary of the Daily Mail and General Trust plc, one of the largest media companies in the UK. www.gep-events.com

Nigeria closes US$ 1.3 billion hydro deal

The government of Nigeria has signed an agreement with a consortium of China National Electric and Engineering Corporation and SinoHydro for the construction of the 700 MW(megawatt) Zungeru hydro-electric power project. Three quarters of the project is being financed by a major Chinese bank, to the tune of US$1.3-billion dollars, and the remaining quarter is likely to be paid for by the government of Nigeria. The plant, which is likely to be completed in four years, was captured in the 2012 to 2014 medium-term borrowing plan approved by the national assembly. 

Nigeria's finance minister Ngozi Okonjo-Iweala told Reuters this project is likely to create thousands of jobs for Nigerian engineers, technicians and artisans during the construction phase, benefiting the local economy. The project, which will be a boost to the country's 4,5 gigawatt electricity capacity, is part of the government's efforts to curb electricity shortages in the country.

African Energy Resources to sell off licences

African Energy Resources has entered into a binding letter of intent to sell its Zambian uranium licences to Karoo Exploration for US$ 2-million dollars  in cash and US$500 000 dollars in equity. The sale, according to the website Proactive Investors, will give the company extra cash in a tough capital raising environment, allowing it to focus on developing its coal projects in Botswana.

African Energy had previously flagged that it was pursuing divestment options for non-core uranium projects, which contain Measured, Indicated and Inferred Resources of more than 11 million pounds of U₃O₈. African 


Energy is focused firstly on developing its Sese Integrated Power Project to build an initial 300 megawatt power station, with its own dedicated coal mine, on a small part of the Sese deposit. Secondly, the Sese export project aims to ship processed Sese coal to Asia.

Mandatory blending of biofuels in South Africa

Mandatory blending of biofuels with petrol and diesel for South Africa will come into effect from October 1 2015, energy minister Ben Martins said. The regulation is in line with the cabinet decision taken in 2007 to use biofuels as a means of diversifying the country’s energy supplies. A five-year pilot project was envisaged with the aim of achieving a 2% biofuels penetration into the national liquid fuels pool.

According to the department of energy, cabinet-approved incentives such as a 50% rebate on the general fuel levy for biodiesel manufacturers and a three-year accelerated depreciation on the investment had failed to attract investors, and so a more effective regulatory support was needed. The date for the start of the blending has taken into consideration the time needed to finalise the biofuels pricing framework, which will happen before the end of this year.

Egypt and OPEC sign power plant deal

Egypt and the Organisation of the Petroleum Exporting Countries (OPEC)'s Fund for International Development (OFID) have signed a US 70-million dollar loan agreement to finance the South Helwan Power Plant.

The agreement is aimed at meeting growing electricity needs, especially as Egypt has suffered recently from repeated power cuts caused by high summer time energy use. Prime minister Hazem el-Beblawi, electricity minister Ahmed Imam and international co-operation minister Ziad Bahaa el-Din attended the signing ceremony. The project will benefit households, agricultural workers, businesses and industries, and in turn, help create jobs and boost the economy.