Global Courant
The African Energy Chamber (AEC) is proud to announce that Hon. Samou Seidou Adambi, Minister of Energy, Water and Mines of Benin and current President of the African Petroleum Producers Organization (APPO), will lead a delegation to the upcoming African Energy Week (AEW) conference (www.AECWeek.com) 2023 and Exhibition, Africa’s premier energy event. Taking place in Cape Town from 16 to 20 October, this major event will provide the Minister with a valuable opportunity to promote the country’s energy sector with the aim of attracting lucrative investment, strengthening exploration and production efforts and building robust partnerships with other countries. to enter.
Hon. Adambi is tasked with attracting investment in the country’s upstream sector, building strong cooperation with neighboring countries and implementing favorable policies to boost growth and innovation. Given Benin’s heavy dependence on Nigeria and Ghana for nearly half of its electricity needs, it is commendable that the country maintains strong cooperation with these neighboring countries. However, it is equally important to Benin’s long-term interests to become self-sufficient in electricity generation – an objective that Hon. Adambi and the ministry in general.
To date, Benin has successfully attracted international companies, including Zenith Energy. This Canada-based international independent oil and gas company has shown strong interest in the Sèmè oil field in Benin and will complete a production sharing contract this year. In 2015, the discovery of Sèmè North in Block 1 (offshore Benin) revealed significant oil reserves – estimated at 22-28 million barrels of oil and 428 billion cubic feet of natural gas in recoverable reserves. The company recognizes Benin as an attractive investment destination and looks forward to fruitful cooperation with local authorities pending acceptance of their proposal.
Benin is also one of the 18 member states of APPO, which serves as a forum for cooperation, policy synchronization and knowledge sharing among African oil producers. APPO has made significant progress in facilitating investment and improving the regulatory and business environment to support sustainable development in the African oil and gas sector. The organization’s advocacy for the responsible use of oil and gas reflects its commitment to improving the industry’s efficiency and contributing to sustainable development while reducing emissions. In this regard, dear. Adambi represents APPO locally and globally as President, promotes cooperation and maintains diplomatic relations with other organizations to advance African oil-producing countries and promote sustainable development in the energy sector.
In addition, Benin’s renewable energy sources, such as solar and wind, offer lucrative opportunities for both green energy and power investors due to its location. The country’s geography and topography provide ideal conditions for the country to have substantial renewable energy projects, contributing to Benin’s diversification of its energy mix and the achievement of national goals of achieving universal access to electricity. Meanwhile, Benin also possesses significant mining potential, with deposits of various minerals including limestone, marble, clay, gold and phosphates. The country’s location, supporting regulations established by the Ministry and the Ministry’s efforts to attract investment make the country an attractive destination for mining exploration and development. With proper exploration and sustainable practices, Benin has the potential to become a major player in the regional mining industry and the global energy transition, unlocking valuable mineral reserves for economic growth.
“The Chamber welcomes Minister Hon. Adambi and his delegation from Benin at AEW 2023. His participation demonstrates Benin’s unwavering commitment to attracting investment in the energy sector. By leveraging the available network opportunities, Benin has a unique opportunity to showcase its untapped potential, forge valuable partnerships and gain support for critical energy projects,” said NJ Ayuk, Executive Chairman of the AEC.
During AEW 2023, Hon. Adambi, will have an excellent opportunity to highlight Benin’s enormous energy and mining potential. In addition, he will present future plans for the energy sector aimed at attracting stakeholders and boosting investment in energy infrastructure development and mining projects. Hon. Adambi’s critical responsibility during AEW will be to present and highlight the beneficial policies of the Benin Ministry, specifically designed to attract and engage these key stakeholders.
AEW is the AEC’s annual energy event, bringing together regional and global stakeholders to discuss the future of Africa’s energy sector. This year’s edition takes place under the theme ‘The African energy renaissance: prioritizing energy poverty, people, the planet, industrialization and free markets’. Visit www.AECWeek.com for more information on attendance, sponsorship and exhibition opportunities.
Distributed by APO Group on behalf of African Energy Week (AEW).
This press release is issued by APO. The content is not checked by the African Business editors and none of the content has been checked or validated by our editors, proofreaders or fact-checkers. The publisher is solely responsible for the content of this announcement.
