https://sputnikglobe.com/20230308/africa-must-meet-local-demand-before-contributing-to-europes-energy-needs--oil-firm-ceo-1108169504.html
Africa Must Meet Local Demand Before Contributing to Europe's Energy Needs — Oil Firm CEO
Africa Must Meet Local Demand Before Contributing to Europe's Energy Needs — Oil Firm CEO
Sputnik International
Africa must fulfill its local demand before it is able to become a key partner contributing to Europe's energy security, Uganda National Oil Company Limited CEO Proscovia Nabbanja told Sputnik.
2023-03-08T08:18+0000
2023-03-08T08:18+0000
2023-03-08T08:18+0000
africa
russia
energy
demand
oil
gas
supply
https://cdn1.img.sputnikglobe.com/img/07e7/01/0e/1106308550_0:11:3459:1957_1920x0_80_0_0_31a1b44188c8e872070602a051eb000a.jpg
"Today, we have so much demand locally that we need to fulfill — we need to fulfill the local demand of petroleum products for refining, but at the same time also export a reasonable amount to the international market," Nabbanja said on the margins of CERAWeek annual energy conference. Nabbanja and several other African energy leaders underscored during a panel discussion that the region needs investors to bolster its energy infrastructure and production. The Ukraine conflict has reportedly made Africa an attractive investment opportunity for energy security after the region had some exploration successes in 2022. In February, Russian ambassador-at-large and the head of the Russia-Africa partnership forum Oleg Ozerov told Sputnik that Russia has much potential in the oil and gas spheres to develop relations with African states.
africa
russia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2023
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
energy relations, africa-russia relations, energy demand, oil supplies, gas supplies
energy relations, africa-russia relations, energy demand, oil supplies, gas supplies
Africa Must Meet Local Demand Before Contributing to Europe's Energy Needs — Oil Firm CEO
HOUSTON (Sputnik) — Africa must fulfill its local demand before it is able to become a key partner contributing to Europe's energy security, Uganda National Oil Company Limited CEO Proscovia Nabbanja told Sputnik.
"Today, we have so much demand locally that we need to fulfill — we need to fulfill the local demand of petroleum products for refining, but at the same time also export a reasonable amount to the international market," Nabbanja said on the margins of CERAWeek annual energy conference.
Nabbanja and several other African energy leaders underscored during a panel discussion that the region
needs investors to bolster its energy infrastructure and production.
The Ukraine conflict has reportedly made Africa an attractive investment opportunity for energy security after the region
had some exploration successes in 2022.
In February, Russian ambassador-at-large and the head of the Russia-Africa partnership forum Oleg Ozerov told Sputnik that Russia has much potential in the oil and gas spheres to develop relations with African states.
