Left Menu
Development News Edition

AOP to honor President Macky Sall with Africa Oil Man of Year award

Last year, OPEC Secretary-General, H.E. Mohammad Sanusi Barkindo received the Africa Oil Man of the Year award for commanding the organization through the oil price decline and restoring market stability through the landmark deal to cut oil production.

Devdiscourse News Desk | Cape Town | Updated: 03-10-2019 17:48 IST | Created: 03-10-2019 17:48 IST
AOP to honor President Macky Sall with Africa Oil Man of Year award
The International Monetary Fund (IMF) expects the country to achieve six percent growth this year and accelerated growth from 2022, once commercial production on its major hydrocarbon projects begins. Image Credit: Wikimedia

H.E. Macky Sall, President of the Republic of Senegal, will receive the prestigious Africa Oil Man of the Year award presented by Africa Oil & Power (AfricaOilandPower.com), for his efforts in transforming Senegal's energy sector; President Sall will deliver an opening keynote address at AOP 2019 and lead a large delegation including H.E. Mouhamadou Makhtar Cisse, Minister of Petroleum and Energy, Senegal; Ousmane N'diaye, Permanent Secretary, Cos-Petrogaz and Mamadou Faye, Managing Director, Petrosen; During a press conference at AOP 2019, Senegal will launch its oil and gas licensing round; AOP 2019 will take place at the CTICC1 in Cape Town, South Africa on October 9-11. Learn more and register at AOP2019.com.

Showing no signs of slowing down, Senegal is emerging as a key player in the global energy sector. Led by H.E Macky Sall, President of the Republic, the West African nation is a shining example of how African countries can #MakeEnergyWork and benefit from leveraging their hydrocarbon potential to drive greater economic growth.

Acknowledging these concentrated efforts, this year Africa Oil & Power (AOP) will honor President Sall with the acclaimed Africa Oil Man of the Year award for his dedication and determination to transforming the country's energy sector and ensuring that Senegal and its people directly benefit from this development.

Last year, OPEC Secretary-General, H.E. Mohammad Sanusi Barkindo received the Africa Oil Man of the Year award for commanding the organization through the oil price decline and restoring market stability through the landmark deal to cut oil production.

"Senegal is determined to build a thriving petroleum industry. With each project coming online, discoveries, regulatory frameworks developed and efforts to drive further investment, we see more and more that the country is undaunted by the task of making energy work in order to achieve prosperity," said Guillaume Doane, CEO of Africa Oil & Power.

"Under the leadership of President Macky Sall, the country has grown in leaps and bounds, attracting an escalated investment interest from global investors. Locally, African countries can only be inspired by the administration's steadfastness. It is for this reason that President Sall will receive that Africa Oil Man of the Year award with great merit." Doane added.

While Senegal's success has been in the making for some years, since the Grand Tortue Ahmeyim gas field discovery in 2014, subsequent large-scale finds and the launch of the Plan Senegal Emergent Initiative, 2019 has been a time for intense growth and advancement for the country.

The International Monetary Fund (IMF) expects the country to achieve six percent growth this year and accelerated growth from 2022, once commercial production on its major hydrocarbon projects begins.

"Between 2020 and 2021, the West African country's GDP is expected to grow by seven percent driven by private investment and inflation is forecasted to remain low in the mid-term," the IMF said.

Among other achievements, Senegal kicked off the year by adopted a new petroleum Bill and announced that it expects to reach a final investment decision on the world-class SNE oil field in 2019, with the first phase development achieving first oil in 2022, majors BP and Kosmos Energy confirmed a large-scale gas find in the country's offshore.

Senegal is also set to launch its next oil and gas licensing round the 2019 AOP conference, taking center stage as a figurehead for Africa's strong voice, empowered by its resource potential.

Built on the theme #MakeEnergyWork, AOP 2019 will challenge industry executives to provide key insight on what it will take for Africa to thrive using its resources as a pillar for growth.

Hosted at the world-class Cape Town International Convention Centre (CTICC) on October 9-11, AOP will unite investors, national oil companies, state-owned enterprises, deal makers and companies operating in the oil, gas and power sectors.

(With Inputs from APO)


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Uttar Pradesh registers first case under new anti-conversion law in Bareilly district: Home department.

Uttar Pradesh registers first case under new anti-conversion law in Bareilly district Home department....

Singaporean gives birth to baby with COVID-19 antibodies - report

A Singaporean woman, who was infected with the novel coronavirus in March when she was pregnant, has given birth to a baby with antibodies against the virus, offering a new clue as to whether the infection can be transferred from mother to ...

FPIs net buyers for 2nd consecutive month in Nov, invest record sum of Rs 60,358 cr in equities

Foreign portfolio investors FPI remained net buyers for the second consecutive month in November by pumping in a whopping Rs 62,951 crore in Indian markets. For equities segment, this is the highest quantum of money invested ever since the ...

New farm laws have begun mitigating farmers' problems in short span of time: PM

Amid ongoing protests by a section of farmers against new farm laws, Prime Minister Narendra Modi on Sunday asserted that these agriculture reforms have not only freed peasants from various shackles but have also bestowed on them new rights...

Give Feedback