The Republic of Sudan has expressed interest in joining the African Petroleum Producers Organization (APPO), the Minister of Energy and Petroleum, Eng. Mohammed Abdalla announced during the celebration of the 25th anniversary of the Sudan National Petroleum Company (SUDAPET).
The invitation to join APPO was extended by the President of APPO, His Excellency Samou Seïdou Adambi, and delivered by APPO’s Secretary General, Dr. Omar Farouk Ibrahim.
Eng. Mohammed Abdalla assured APPO that Sudan would join APPO Member Countries to work together for the benefit of African countries.
Dr. Omar Farouk Ibrahim, a guest of honor at the event, articulated APPO’s position on the current Energy Transition, emphasizing that the energy transition being pushed by developed nations represented a severe threat to African economies.
Dr. Ibrahim also stated that APPO conducted a major study on the Future of Africa’s Oil and Gas Industry in Light of the Energy Transition, which identified four imminent threats: finance, technology, workforce, and infrastructure, which should be addressed to place the continent in a more secure position.
Ibrahim disclosed APPO is partnering with Afreximbank to create the African Energy Bank (AEB) to address the financial threat. The bank will provide financing for energy projects on the continent, as foreign markets are withdrawing funding while technology in Africa is not yet developed.
He further stated that the APPO Secretariat is currently identifying training institutions in selected APPO countries that could become regional centers of excellence in oil and gas. Regarding oil infrastructure, Dr. Ibrahim also said APPO is working to create the energy infrastructure needed to move energy from areas of abundance to areas of need, such as the Central Africa Pipeline System.