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2021 INTERNATIONAL CONFERENCE ON OIL AND GAS

THEME: THE FUTURE OF OIL AND GAS IN A DIGITAL ECONOMY

All is set for the 2021 edition of the Foreign Investment Network (FIN) International Conference on Oil and Gas with the Theme: The Future of Oil and Gas in A Digital Economy.

 

The conference will hold at Radisson Blu Hotel Waterfront, Cape Town – South Africa from November 7 – 9, 2021.

 

The Conference will be one of the largest Oil and Gas conferences in the continent. This is because all eyes are on Africa now as it currently hosts some of the fastest growing oil and gas multinational companies in the world. The entire continent is set for a huge economic transformation in the gas sector despite the global economic contraption as a result of shocks from the COVID-19 pandemic. It will be an expose of latest inventions in oil and gas technology. It will also provide an opportunity for African countries to tweak oil exploration technology amidst the challenges of global warming.

 

According to a post COVID-19 report released by the African Union, “Across Africa, although 16 countries have refineries, the majority of African produced crude oil (75%) is exported and the majority of petroleum products used in Africa are imported. Indeed, Africa is alone in continents of the world as a net exporter of crude oil, but a net importer of petroleum products”.

 

An IMF report in 2018, while analysing the contributions of oil to the economy of three countries in Africa stated that petroleum sector accounted for over 50% of gross domestic product (GDP) of Equatorial Guinea, 80% of government revenue and more than 94% of exports, with crude oil exports alone, $3.2 billion, accounting for 65% of exports. In the Republic of Congo, Government data showed that the petroleum industry accounted for an estimated 60% of the State budget, whilst in Algeria, which is also a significant gas producer, Algeria.com has reported 95% of exports, 52% of budget

revenues and 25% of GDP are from hydrocarbons.

 

Africa accounts for around 9% of global final oil consumption, 4% of global oil used for transport and 3% of industry use of oil. The per capita consumption of oil in Africa being around half the global level overall and about a quarter for transport.

 

However, one area where Africa has a higher share than seen globally is petroleum product use for electricity generation, which is close to 9% in Africa, compared to around 3% globally.

 

As the economy shrinks so too does oil demand. Therefore, as action to address the COVID-19 pandemic creates an economic slowdown, oil demand will fall, but given the additional action taken to reduce all transport use, the fall in oil demand that will be very significant.

 

 

The COVID-19 global economic recovery speed is very hard to predict even as hope of a quick bounce

back seem to be diminishing. Likewise, the oil sector will evolve, OPEC will thinker with supply schedule. The additional 10% oil production cuts in 2021 have been agreed by DoC countries at a combined level of 5.8mb/d.

 

The evolving situation provides a further opportunity for African oil producing countries to:

  • Maximise the local value added of the whole oil chain
  • Increase investment in refining facilities.
  • Increasing cross boarder trading and investment in infrastructure.
  • Dominate the continent with refined oil and gas product.
  • Seek greater collaboration in inter-continental trade.
  • Develop greater capacity among players within the continent in the areas of technology, refining capacity and value chain.

It is expected that the event will be declared open by His Excellency Matamela Cyril Ramaphosa, President of South Africa. Other expected dignitaries include: Dr. Akinwumi Adeshina, President African Development Bank (AfDB); Timiprye Sylva Minister of State Petroleum Resources of Nigeria, Mele Kyari, Group Managing Director (GMD) Nigerian National Petroleum Corporation (NNPC), Diamantino Azevedo, Minister of Petroleum of Angola, Hon. Mohamed Arkab, Minister of Energy, Algeria and other ministers of Petroleum and Energy in Africa. 

 

The Conference will provide an opportunity for the interchange of ideas on latest oil and gas technology, high-level networking, and most importantly, one-to-one business meetings between decision makers and top-tier solution providers and players in the gas eco-system.

 

The conference will be segmented to accommodate discussions in the sectors:

  • Upstream
  • Midstream
  • Downstream
  • Offshore operations
  • Retail markets
  • International trade.

 

Expected at the event are participants from diverse countries. There will be exhibition booths for display of latest innovations in oil and gas technology, presentations, Expert lectures, group projects and Panel Discussion.

 

The Conference will among others things: set new bars for Africa in terms of Oil and gas technology incubation, Oil exploration and value additions, Strengthen refining capacity of African countries, Expand Oil exploration technology and local content inclusion in infrastructure and management; Strengthen cross broader trade within the continent; Introduce new technologies and strengthen refining infrastructure across Africa; Introduce new, faster and secured trucking system; Tackle oil theft and enhance data protection; Expose new technologies and new market in the industry; Unveil risks and new opportunities in the oil sector; Expose investment opportunities in the oil and gas sector; Bring more investment to Africa.  

 

The high point of the event is the FIN Oil and Gas Dinner where deserving oil companies, policy makers and entrepreneurs including the President of South Africa will be decorated with various Awards and Certificate of Honour. The Award is supported by Forbes Afrique and the Managing Director will be on hand to hand over the Award.

 

 

 

There will also be an exhibition area where Oil and Gas technology, inventions, software developers, gas exploration equipment manufacturers and multinational companies will demonstrate their innovations.

 

The Conference is facilitated by Foreign Investment Network (FIN), a UK based global consulting and publishing firm established in 2001. The Company was born out of the desire to meet the investment need of emerging economies in Africa. FIN is a top global consulting company with many years of experience in organizing corporate events, exhibitions, workshops, conferences, summits, seminars and Awards.

 

Our business strategy includes International conferences, business meetings, advocacy visits, investment fora, international exhibitions and Fin Award.  FIN also has in its stable, FIN Magazine, published in English, French and Chinese and circulated globally which over the years has transformed into an investors tunic.

 

FIN has successfully organized about 40 virtual and physical international events globally. Some of the past events includes: Petroleum Industry Award Abuja – Nigeria 2019; FIN Oil & Gas Forum London - 2017; African Petroleum and Energy Forum, China - 2010; International Trade and Investment Conference Sun City, South Africa – 2004 etc.

 

For speaking opportunities, paper presentation, participation, exhibition, sponsorship, partnerships and registration, visit our website: www.foreigninvestmentnetwork.com or www.finoilandgasconference.com . You can also reach through mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

About Event Camp

Welcome to the World
Digital Conference 2020

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Why Join the conference

Join Us at 98th
Event Camp

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Who are Speaking

Meet Our Speakers

 

Olivia Mitchell

UI/UX Designer
 

Caroline Beek

UI/UX Designer
 

Camala Haddon

UI/UX Designer
 

Angelica Watson

UI/UX Designer
 

Katie Willmore

UI/UX Designer
 

Reta Schmidt

UI/UX Designer
 

Fred Lambert

UI/UX Designer
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