At least 13 African ministers are expected to attend “Africa Oil Week” conference in South Africa in September, Conference Director Mr. Paul Sinclair said in a statement on Thursday.
“On top of the 13 confirmed ministers who will lead delegations to Africa Oil Week, we now have a partnership with the Government of Uganda to host a huge opportunity for the global private sector to exclusively engage and hold private meetings regarding oil and gas opportunities at Africa Oil Week,” Sinclair said.
The governments of Ghana and Congo had already announced their own bidding rounds at Africa Oil Week.
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The 25th edition of the Africa Oil Week will take place between 5 and 9 November 2018.
Irene Muloni, the Minister of Energy and Mineral Development in Uganda, will lead a delegation of private and public-sector players from Uganda’s oil and gas sector to the conference in Cape Town, South Africa.
“Uganda is open for business and we will be looking forward to promoting the country`s highly progressive and lucrative hydrocarbon sector during the Africa Oil Week. Over the course of the week, we will announce a roadmap for Uganda’s next licensing round and offer insights into our country’s potential and operating environment,” Muloni said on Thursday, according to a statement to Today News Africa in Washington DC.
According to the minister, Uganda is committed to developing its petroleum sector across the entire value chain, and clear strides to move the country’s key assets from the exploration phase into the development phase have been made.