ACCI president presents opportunities for investors in untapped natural gas

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There are opportunities for investors to capitalise on Nigeria’s natural gas because we have sizable untapped reserves, according to Dr. Al-Mujtaba Abubakar, President of the Abuja Chamber of Commerce and Industry (ACCI).

Dr. Al-Mujtaba stated this during his presentation at the second Petroafrica Conference, held between June 14 and 17, 2022, in El-Kram Tunis, Tunisia, on “Hydrocarbons, Used Oil Regeneration, Safety Management in the Oil and Gas Environment, Commercial Prospect and Opportunities in the Domestic Gas Utilization in Nigeria.”

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He gave a thorough presentation on the Nigerian gas industry, covering everything from proven reserves to our country’s daily gas consumption. He also discussed the government’s plans for gas, designating the years 2020–2030 as the decade of gas and claiming the CBN gas intervention fund.

Energy Ministers, global CEOs, key stakeholders, and companies that will influence the future of oil and gas on the African continent attended the conference, which was centred on the oil and gas industry.

Mrs. Besma organised a B2B meeting for some businesses interested in doing business in Nigeria. First Services, Target Energy Solutions, ASF Consulting, and Innova Soft Integration are the companies that have been named as being interested in partnerships in Nigeria.

They were instructed to send a formal letter to the Chamber with the profiles of their companies attached.

The Director General of the Ministry of Energy in Tunisia, who expressed interest in collaborating with the Nigerian government for the supply of Natural gas to Tunisia, supported the event’s participants who expressed a desire to invest in the Nigerian energy sector.

Additionally, the Tunis DG stated that they are ready to speed up the procedure and start up discussions with the designated authorities.

The Chamber will facilitate their meeting with NNPC, the President of ACCI reassured them, and he suggested that they write through their embassy in Nigeria.

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The Petroafrica conference, which serves as a forum for the oil and gas sector to network for improved government and organisation collaborations, drew attendees from across the globe, including Germany, Angola, Libya, Kenya, Mauritania, Congo, France, and others.

Many businesses expressed their eagerness to take part in the Petroafrica Conference in Nigeria in 2023.

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