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The Chief Executive Officer of GNPC (CE), O.A Danquah joined \u00a0International energy experts at the opening of the Invest in African Energy Forum.
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The forum was to showcase investment and partnership opportunities across Africa\u2019s burgeoning energy sector.<\/p>\n
This high-level panel discussion also aimed to enhance energy cooperation between African energy policymakers and stakeholders with the international financial community and global investors.
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At the opening ceremony speaking on Making Energy Poverty History by 2030- Africa\u2019s Advantage, CE said \u201cOver a third of Africa\u2019s produced oil is exported out of the continent. African governments need to collaborate and ensure that these resources are used for African development.\u201d<\/p>\n
He also stated that the advantage of Africa is that there is a lot of supply of natural gas resources, and there is a lot of potential demand. Consequently, the resources cannot be stranded in the long term.<\/p>\n
CE further shared his thoughts that \u201cMost of the funds ploughed in Africa\u2019s upstream petroleum sector are from the Global North and Asia. At least 85% of funds invested today come from outside the continent. So, there is a clear and rational perception that African governments are not putting enough capital into Africa\u201d.<\/p>\n
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Click the link below for more on the event.<\/p>\n
https:\/\/energychamber.org\/africas-upstream-opportunities-unpacked-at-invest-in-african-energy-reception-in-dubai\/<\/strong><\/p>\n Source: Peacefmonline.com<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n
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