OGRepublic August Edition

AFRICAN ENERGY STORIES
Nigeria, Senegal Held Bilateral Talks on Collaboration
The Nigerian Minister of State for
Petroleum Resources H.E. Timipre
Sylva, held a high level meeting with
the entourage of the Senegalese Ministry of
Petroleum and Energy led by the Country’s
Minister, Ms Aissatou Sophie Gladima, in his
Office at the NNPC Towers in Abuja.
Both parties discussed key areas for
collaboration and deepening local content
development in the oil and gas industry,
which Nigeria leads the way in Africa.
Nigeria's Minister of State for Petroleum
Resources, Timipre Sylva, commented:
"African countries must take full
Responsibility for the continent ’s
development by deepening local content
participation in oil and gas.
"Africa must forge a better synergy and
leverage on the experience of Nigeria which
has been in the business of oil and gas for
the past 60 years.
"There is need for African countries to chart
a new course, as the global community was
moving towards renewable energy.
Nigerian Minister of State for Petroleum Resources H.E. Timipre Sylva and Ms Aissatou Sophie
Gladima, Senegalese Ministry of Petroleum and Energy
Nigeria to Seek New Reference
Volume From OPEC - Sylva
"African countries need to have financial
institutions to fund development of the oil
and gas sector".
He assured the Senegalese Minister of
Petroleum and Energy of the willingness of
Nigeria to guide them from pitfalls in the
industry especially in the area of Local
Content which he described as significant
for any country blessed with oil and gas.
In her response, the Senegalese Minister of
Petroleum and Energy, Ms Aissatou Sophie
Gladima thanked H.E. Timipre Sylva for the
gesture to host as well as to lead the
pathway for Senegalese to get it right in Oil
and Gas especially in four areas including
security, National Oil Company, Local
Content and National Oil and Gas Strategy.
She affirmed that there was the need to
deepen conversation through bilateral
agreements between the two countries
especially around oil and gas sector.
"I believe that Nigeria is in a good position
to share experience on Petroleum resources
with other African countries so that they can
avoid our mistakes".
The Minister of State for
Petroleum Resources, H.E
Timipre Sylva, has said that
Nigeria will seek new reference
volume, from the organization of the
Petroleum Exporting Countries, OPEC,
in view of the economic impact of low
productions.
Sylva stated this when he received,
OPEC, Secretary General, H.E.
Muhammad Sanusi Bakindo in his
office, at the NNPC Towers, in Abuja
recently.
Silva while commending OPEC
S e c reta r y - G e n e ra l , w h o m h e
described as worthy ambassador of
the country, submitted that Nigeria
needed his support to actualize the new
reference volume on the basis of
economic reality.
Responding to his speech, OPEC's
Secretary General, Muhammad Sanusi
Bakindo acknowledged the success
recorded by the Honourable Minister of
State for Petroleum Resources and urged
him to keep the flag flying.
He added that the Minister of State for
Petroleum Resources is on course with
initiatives such as the declaration of the
decade of gas among others.
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OIL AND GAS REPUBLIC I SPECIAL EDITION