- The commitment is to develop 620 trillion cubic feet of proven gas reserves and 125.3 billion barrels of proven crude oil reserves.
- The pledge is part of efforts to bolster energy security, industrialisation and environmental sustainability.
Nigeria and other African nations have pledged to develop their 620 trillion cubic feet of proven gas reserves to bolster energy security, industrialisation and environmental sustainability. The continent also reiterated its commitment to developing and exploiting its estimated 125.3 billion barrels of proven crude oil reserves.
The African Energy Chamber (AEC) disclosed this in a statement, stating that Amni International secured a $600 million financing deal with the African Export-Import Bank (Afreximbank) to support upstream operations during the AEW 2022 edition and its return as a Bronze Sponsor underscores the conference’s pivotal role in advancing Africa’s energy market.
The statement read in part, “Africa is prioritising the development and exploitation of its estimated 125.3 billion barrels of proven crude oil and 620 trillion cubic feet of proven gas reserves under efforts to bolster energy security, industrialisation and environmental sustainability.
“Collaboration with forward-thinking local oil and gas companies such as Nigeria-based independent firm Amni International is essential in this endeavour and will help drive resource monetisation while stimulating job creation and economic growth.
“The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce the return of Amni International at Africa’s premier event for the energy sector, African Energy Week (AEW) 2023 – scheduled for October 16 to 20 in Cape Town. Amni International has once again joined the event as a Bronze Sponsor, a testament to the company’s commitment to Africa’s energy future.”