A delegation from the Nigerien parastatal, SONIDEP, will attend and participate in Africa’s premier energy event, Africa Energy Week (AEW) (https://AECWeek.com), to be held October 18-21, 2022 in Cape Town. SONIDEP is responsible for the transport, storage, refining and marketing of petroleum products in Niger and will be an important player in the downstream dialogue during the event.
As the Niger government focuses on maximizing the exploitation and commercialization of its reserves estimated at 24 billion cubic feet of gas and 3.7 billion barrels of oil, SONIDEP seeks to leverage regional cooperation to optimize the marketing of the country’s hydrocarbon resources. In July 2021, SONIDEP entered into a partnership with the Algerian petroleum retailer NAFTAL Spa, whereby the two organizations committed to cooperate on the marketing and distribution of petroleum products. The cooperation will also focus on optimizing the maintenance of oil depots and the training of the workforce and will play a huge role in improving the monetization of Niger’s hydrocarbon sector and increasing exports. of energy.
In addition, with oil and gas set to play an increasingly important role in Niger’s economy, accounting for 24% of GDP, 45% of tax revenue and 68% of exports, ensuring that revenues generated by hydrocarbons are not vulnerable to illicit trade and pipeline theft is a priority for SONIDEP. In this regard, SONIDEP seeks to implement chemical fuel marking technology to track taxed fuels destined for local consumption and, in doing so, combat hydrocarbon fraud and protect the environment from energy production. unsustainable and illegal. Combating the illicit trade in oil and gas will reduce revenue losses for the government while building investor confidence in the market, resulting in increased participation of international players, market expansion, commercialization and optimal use of energy to combat energy poverty.
While the Nigerien government aims for the oil sector to account for 12% of formal jobs by 2025, SONIDEP also oversees the application of the Government’s General Policy Statement (DPG), introduced in 2021, in the oil sector. . SONIDEP’s priority areas in this regard include creating jobs and local industries by increasing private sector participation to boost local content. Through the DPG, SONIDEP was also responsible for monitoring work related to the expansion of oil production and trade in Niger. SONIDEP is monitoring the ongoing drilling work for the extension of the Agadem block as well as the construction and operation of the Niger-Berlin pipeline, a $4.5 billion project that will allow the country to trade up to 90,000 barrels of oil per day.
“Although Africa has huge reserves of hydrocarbons, which we can use to improve access to energy for the more than 600 million people who live in energy poverty, the lack of infrastructure such as refineries, transmission pipelines and storage continues to limit market growth. It is thanks to organizations such as SONIDEP that we can understand these industry challenges and offer tailor-made solutions. SONIDEP’s participation in AEW 2022 is a game-changer, as the company will lead a dialogue on the challenges facing oil and gas infrastructure operators and developers, offering insight into how they can be addressed as Africa seeks to use its hydrocarbons to reduce energy poverty. history by 2030,” says Verner Ayukegba, Senior Vice President of the African Energy Chamber.
Distributed by APO Group for African Energy Week (AEW).
For sales related inquiries, please contact [email protected]
For participation-related inquiries, contact [email protected]
For speaker inquiries, contact [email protected]
For media related inquiries, contact [email protected]
About AEW 2022:
AEW 2022 is the AEC’s annual conference, expo and networking event. AEW 2022 brings together African energy players with international investors and partners to drive industry growth and development and promote Africa as an energy investment destination. Key organizations such as the African Petroleum Producers Organization, as well as African heavyweights including Equatorial Guinea and Nigeria, have partnered with AEW, cementing the role the event will play in the future. energy of Africa.