Dr. Mustapha Abdul-Hamid, Chief Executive at Ghana’s National Petroleum Authority (NPA), is expected to lead a delegation from the NPA at the African Energy Week (AEW) conference and exhibition, which will take place from 18th to 21st October 2022 in Cape Town.
The NPA Boss will drive critical discussions around boosting investment across the downstream sector, strategies for improving energy security, making energy poverty history and driving socioeconomic development on the back of oil and gas.
The African Energy Chamber (AEC), the voice of the African energy sector, announced the attendance and participation of the NPA boss at AEW, noting that Ghana represents one of Africa’s rapidly expanding hydrocarbon markets.
“The Chamber is honored to host Dr. Mustapha Abdul-Hamid at AEW 2022 as we expand on the discussion around how Africa can accelerate investment as well as the exploitation of oil and gas to enhance energy security. The strengthening of Africa’s downstream industry is key to ending energy poverty and for enhancing bilateral trade relations and boosting economic development in Africa.
“We are very impressed with Dr. Abdul-Hamid’s leadership at the NPA in facilitating a resilient downstream sector. This is what Africa needs to achieve energy independence and reliability.”
Tomas C. Gerbasio, Strategy and Business Development Director at African Energy Chamber
At AEW 2022, Dr. Abdul-Hamid will promote investment opportunities across Ghana’s downstream sector, discussing the vital role Africa’s 600 tcf of gas reserves and 125.3 billion barrels of crude oil reserves will play in diversifying the energy mix, securing energy supply and lifting the over 600 million Africans out of energy poverty whilst driving industrialization and positioning the continent ahead of the energy transition.
With African countries optimizing gas production to drive these socioeconomic benefits, Ghana is leading the race, with the country implementing a series of market-driven policy reforms, driving massive oil and gas infrastructure projects.
With the NPA overseeing these energy optimization projects including the development of gas processing, storage, transmission and distribution, at AEW 2022, Dr. Abdul-Hamid will provide an update on experiences and innovations from within Ghana that can be replicated continent-wide.
At AEW 2022, Dr. Abdul-Hamid will participate in high-level meetings and panel discussions to drive dialogue around boosting the oil and gas downstream industry for energy security whilst promoting investment opportunities within the Ghana’s hydrocarbons sector.
NPA prioritizes efficiency and productivity
Established with the aim of regulating the petroleum downstream industry in Ghana, the NPA governs commercial activities across the sector including the importation and refining of crude oil as well as the sale, marketing and distribution of refined petroleum products.
Since its establishment in 2005, the NPA has prioritized efficiency and productivity regarding Ghana’s downstream sector, paving the way for increased investment as well as the participation of the private sector, resulting in the growth of the market into a $2 billion industry, which represents about 6% of the country’s GDP.
Under the leadership of Dr. Abdul-Hamid, the NPA continues to optimize operations across the oil and gas downstream sector through supervising the acceleration of storage and transportation infrastructure whilst ensuring fair energy trading as the country seeks to become a regional energy hub.
With energy poverty increasing across the African continent due to various issues including limited investment in the hydrocarbons sector, the COVID-19 pandemic and global geopolitical tensions, Ghana is one of the African countries at the forefront of maximizing the exploitation of hydrocarbons to address energy access, affordability and reliability constraints.
Ghana’s 0.8 trillion cubic feet (tcf) of gas reserves and 660 million barrels of oil reserves provide an opportunity for the country to address its energy problems and achieve its 2030 target of 100% universal access to electricity.
While efforts to maximize the exploitation of local energy resources are underway, the NPA has managed to leverage Ghana’s strategic location, positioning the country as a reliable regional point for energy exportation whilst additionally taking advantage of petroleum imports to secure energy supply and drive economic growth.
AEW 2022 is the AEC’s annual conference, exhibition and networking event. AEW 2022 will unite African energy stakeholders with investors and international partners to drive industry growth and development and promote Africa as the destination for energy investments.
Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, strengthening the role the event will play in Africa’s energy future.
READ ALSO: BoG Hikes Policy Rate By 250 Basis Points To 24.5 Percent
