Hon. Abdirisaq Mohamed Omar Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, is officially participating in Africa Oil Week 2022 (www.Africa-OilWeek.com) from October 3-7. The Honorable Omar has held his senior position since August 2022 and will join over 30 ministers at the event to be held in the heart of Cape Town, South Africa. Organized by Hyve Group Plc., Africa Oil Week is the premier oil and gas event that promises to bring together major energy players to celebrate this year’s theme: Sustainable growth in a low-carbon world.
“Africa Oil Week warmly welcomes Hon. Abdirisaq Mohamed Omar Federal Republic of Somalia, Minister of Petroleum and Mineral Resources, at this year’s event. His appointment is proof that he is respected in the industry as he leads his country into a new era of energy and economic growth. Somalia is rich with opportunities spanning the entire energy sector and value chain, so hear his valuable insights into the need for foreign investment and the involvement of international players in African oil and gas will be a great contribution,” said Paul Sinclair, vice president of energy and director. government relations for Africa Oil Week.
Although oil is the backbone of most industrialized economies, Somalia still relies heavily on imports to sustain its economy. HE Minister Mohamed is committed to changing this trend by creating a more attractive market in Somalia and has previously told Africa Now that he will prioritize exploration, infrastructure development and regional cooperation to make Africa upstream and downstream the backbone of the continent’s economy. This work, alongside a focus on bringing back global energy majors, will be the key pathway to ushering in a new era of hydrocarbons in Somalia and beyond.
“Fortunately, Somalia is about to experience a bright new dawn. The country is now well equipped with the framework it needs to bring foreign investors back into the country. Additionally, the 2020 Petroleum Laws governing the industry ensure that greater revenues for Somalia and its regions are in the very near future,” Sinclair said.
“Africa Oil Week is dedicated to bringing the challenges and needs of each country to the world stage, as well as giving leaders the opportunity to network with key energy players to discuss investments and even to enter a new market.As global demand for African oil and gas has increased over the past 12 months, Somalia has become a very attractive investment destination for international organizations,” Sinclair said.
He adds, “The whole event has been taking place for more than two decades with the aim of promoting all that Africa has to offer in terms of global energy needs. But with the continent’s economy struggling to stay stabilized and more than 80% of the population of sub-Saharan Africa without access to clean cooking technologies, Africa Oil Week 2022 is a critical event for Africa take a step forward in the global energy space. .”
Register your interest now to play your part in the sustainable development of our industry and Africa via upstream Africa. Attend the conference alongside senior delegates and over 50 ministers and heads of government: Africa Oil Week 2022 (www.Africa-OilWeek.com).
Distributed by APO Group for Africa Oil Week.
About Africa Oil Week:
Africa Oil Week (www.Africa-OilWeek.com) is the premier event for the continent’s upstream oil and gas sector. Now entering its 28th year, the event brings together governments, national and international oil companies, independents, investors, the G&G community and service providers. Africa Oil Week takes place in the heart of Cape Town at the Cape Town International Convention Center 2 (CTICC2) from October 3-7, 2022.