Overcoming Africa’s oil and gas challenges

Overcoming Africa’s oil and gas challenges

The world’s oil and gas industry is probably experiencing its most tumultuous period since the infamous oil crisis of 1973. However, instead of severe oil shortages and sky-high prices, current market turmoil is due to Middle Eastern wells pumping at maximum capacity with concomitant low prices.

Demand for oil and gas from markets in Africa remains high, but low crude prices combined with poor physical infrastructure, inadequate logistical solutions and onerous government regulations have blunted investment in development of oil and gas fields. As a result, some African governments, such as Tanzania and South Africa, are reappraising their oil and gas legislation.

These are just some of the challenges that will be covered at the Oil & Gas Africa Conference 2016, which takes place on July 13 and 14 at the Cullinan Hotel, V&A Waterfront, in Cape Town.

“This conference is taking a fresh look at overcoming logistical and regulatory barriers and exploring strategies to lower the cost of doing business in Africa, which would certainly entice investors to the sector, despite the current low oil price,” says conference spokesperson Simon Barry.

The Oil & Gas Africa 2016 Logistics Conference features a large panel of almost 20 local and international experts covering a diverse array of logistics-related fields, specifically focused on the broad oil and gas sector, but with particular relevance to the African industry and its challenges.

“Panellists will offer delegates a number of relevant insights on the current and possible future state of the African oil and gas sector,” adds Barry.

“This conference is an essential event for any oil and gas sector stakeholders that are exploring opportunities in Africa,” concludes Barry.

For full information about the conference, visit  www.ingadaevents.co.za.

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