Zenith Professional Training, organiser of the annual sub-Saharan Africa Upstream Oil and Gas Summit, has said its forthcoming conference will seek to exploit the opportunities in the East African oil and gas industry with a special focus on
Tanzania.
The Chief Executive Officer of the company, Mr. Oladapo Ayoola, said the conference would provide opportunities for an exchange of ideas on best practices between investors and regulators across the region.
He said, “From April 9-11, 2019, we will discuss the unique investment opportunities in East Africa with a focus on Tanzania. We are asking PURA (Petroleum Upstream Regulatory Authority) of Tanzania to come and tell us what we need to do for a successful investment.
“We have asked the CEO of Petroleum Commission of Ghana to come and talk to us. This is because if investors know what the fiscal policies are and what the
procedures are, it will be easier for them. The theme for 2019 is ‘gearing up for Growth: Sub Sahara Africa Oil, Gas and Power Value Chain. “The highlight of that will be a focus on Tanzania and the east African
bloc.”
He added that this year’s summit would provide opportunities for practitioners and investors to “showcase what we already have, exchange ideas on what we are doing rightly and what we can learn from each other – West Africa learning from East Africa, East Africa copying best practices from West Africa and South
Africa.”
“Nigeria is a success story of so many indigenous entrepreneurs, who have gone not just into downstream but Exploration and production. We have many success stories to take to the rest of Africa,” Ayoola observed.
According to him, a major challenge to the continent’s growth in the sector is the lack of sustainable funding mechanism.
