Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:


  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

African Refiners & Distribution Association (ARDA) Week 2023 Pushes for Increased Investments in African Downstream, Clean Fuels, Energy Poverty Eradication

Published by APO Africa Newsroom on Tue, 14 Mar 2023

The 2023 edition of the African Refiners & Distribution Association (ARDA) conference which the African Energy Chamber (www.EnergyChamber.org), as the voice of the African energy sector, is participating - has kicked off in Cape Town.In line with the AECs mandate to drive investments and collaboration across the continents entire energy value chain, the 2023 ARDA conference unites stakeholders across Africas downstream sector to discuss the continents pressing challenges as well as the opportunities for global investors with the aim of maximizing energy security in Africa.Featuring high-level panellists from the continents bourgeoning downstream industry, ARDA Week 2023 has called for increased investments to accelerate Africas deployment of downstream infrastructure, including pipelines, storage facilities and refineries, to enable the continent to address energy poverty and achieve energy independence and sustainability.In an opening statement at ARDA Week 2023, Marime Ndoye Decraene, ARDA President, emphasized the role improved collaboration between African downstream players and ARDA members plays in facilitating the full exploitation of Africas hydrocarbon resources to achieve a just and inclusive energy transition.According to Decraene, with energy demand set to grow across the continent by 45% through 2050, Our objective is to ensure Africas growing demand is met with cleaner fossil fuels. We must combine our efforts to develop a strong and effective platform to ensure the energy mix and environment are prioritized. We need to create a strong regulatory framework, ensure the transfer of technology, innovation and skills to maximize the downstream industry. Financing remains a problem and we need to make sure there is available funding and that projects are bankable while accelerating renewables penetration. Our aim is to make use of platforms such as ARDA Week to strengthen our current energy capabilities and come up with solutions on how Africa can address global factors hindering the industry.Following Decraenes address, Anibor Kragha, ARDA Executive Secretary, spoke about the role Africas downstream players can play to ensure the continent balances achieving energy security and environmental sustainability.Energy security is the short term need we have. We are not the biggest polluter in the world, hence we are focusing on uninterrupted, secure and affordable supply of energy and not what other global parties and markets are focusing on which is decarbonisation. Storage and distribution needs should be a focus, however reducing emissions from the fuels industry should also be prioritized. By 2030 we need cleaner transport, clean cooking and power solutions.Wale Ajibade, Executive Director, Sahara Group, added that with 43% of Africas total population living without access to electricity, rural to urban migration increasing and energy demand spiking, investments in energy will need to double to $195 billion per annum if the continent is to achieve its energy security targets. He said, There has been a push towards renewables, however, coal remains a significant resource and natural gas increasing its share and role in securing Africas energy mix. Oil will continue to be an important source of energy but needs to be cleaner to meet global standards. We must ensure the sustainable development of our hydrocarbon resources while reducing methane emissions and flaring to achieve energy security and sustainability at the same time. The increase in the use of CCUS technology present an opportunity for the industry to be fully exploited for reliability, environmental sustainability and Africas GDP expansion.Mele Kyari, Group CEO of the Nigerian National Petroleum Corporation (NNPC), was represented by Engr. Yemi Adetunji, Executive VP Downstream for NNPC Limited, who reiterated the role Nigerias gas resources will play in ending energy poverty across the West African country, stating that, Nigeria is a gas nation. There is a need to ensure a more gradual approach to the energy transition. Nigeria will require gas to transition fairly. Africa should focus on resources which are accessible and affordable while enhancing operational efficiency and giving players competitive edge. The NNPC is committed to the countrys energy sector strategy which includes the optimal development of all resources. The gas sector creates investment opportunities for the country to be able to invest in new energies including electric vehicles and solar. A just transition for Africa will require huge investments, hence Nigeria and Africa will need global partners to harness existing resources. We will continue to assess cleaner energy for the benefit of Nigeria while we will build new refineries and distribution networks to ensure energy reliability today and tomorrow.The state of play of Africas downstream sector will be further explored during the African Energy Week (AEW) conference and exhibitiontaking place in Cape Town from October 16-20. As organizations such as ARDA progress towards securing new investment for the continents downstream industry, project developers and financiers turn to Africas significant hydrocarbon potential and a new wave of project developments take off, AEW 2023 represents the ideal platform for new deals to be signed and partnerships forged.Distributed by APO Group on behalf of African Energy Chamber.Media filesDownload logo
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs