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Second day of CAPE VIII debates local content and energy transition

The 8th African Oil Congress and Exhibition (CAPE VIII) continues in Luanda, which this Tuesday is dedicated to a round table analysis of issues related to local content and the energy transition in Africa.


The conference, which takes place at the Epic Sana hotel, analyzed in a first session the developments and progress of local content in African oil and gas producing countries, especially in light of the global energy transition away from fossil fuels.

According to the Ministry of Mineral Resources, Oil and Gas, questions have been raised such as how prepared is Africa to produce, process and market the more than 125 billion barrels of proven oil reserves and more than 500 trillion cubic feet of gas without the technology, experience, finance and western markets.

The role of APPO (African Oil Producers' Organization) in this process was also discussed.

The second meeting, dedicated to the energy transition, analyzed the global paradigm shift from fossil fuels to renewable fuels and the consequent pressure on governments and investors.

The implications of the energy transition for the future development of the oil and gas sector in Africa were also discussed.

"The main industry players will deliberate on the feasibility of a complete abandonment of fossil fuels and the short, medium and long term impacts this could have on the sustainable development of African economies and peoples", adds the ministry.

Panelists from ExxonMobil, ANPG, Brimomt, Sonatrach, AECIPA, SOMOIL, Equinor, TotalEnergies participate during both sessions.


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