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During the Uganda press briefing at Africa Oil Week in Cape Town, Uganda’s Minister for Energy and Minerals, Irene Muloni addressed questions around Lake Charles and Tullow Oil, among others. She spoke to CNBC Africa’s Fifi Peters.

Africa Oil Week: Uganda energy minister gives update on Tullow Oil

Africa Oil Week: Uganda energy minister gives update on Tullow Oil, Lake Charles

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Former Nigerian President Olusegun Obasanjo spoke about the challenges African oil and gas economies are faced with at the Africa Oil Week in Cape Town. He also told CNBC Africa’s Fifi Peters about opportunities for economic development on the continent.

Africa Oil Week: Olusegun Obasanjo calls on oil majors to align with government policies

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At the Africa Oil Week underway in Cape Town this week, Senegal announced a new oil and gas licensing round. CNBC Africa’s Fifi Peters spoke to Senegal’s Minister of Petroleum and Energy, Mouhamadou Makhtar Cisse for more.

Africa Oil Week: Senegal announces oil & gas licensing round

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Somalia announced at Africa Oil Week that the country is open for business and that it will launch its first oil and gas licensing round in late December. CNBC Africa’s Fifi Peters spoke to Somalia’s Minister of Petroleum and Mineral Resources, Abdirashid Mohamed Ahmed.

Africa Oil Week: Somalia to launch first oil and gas licensing round

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At the Africa Oil Week held in Cape Town this week, CNBC Africa’s Fifi Peters caught up with Steven Winberg, Assistant Secretary for Fossil Energy, United States of America and Francis R. Fannon, Assistant Secretary for Energy Resources, US Department of State, to discuss the US interest in Africa’s energy market.

Africa Oil Week: Unpacking US interests in Africa’s oil markets

30 ministries are taking part this
year, with over 20 presenting. This is the best chance to get insider knowledge
on key opportunities, legislation changes, bidding rounds and more – direct
from the companies and government intimately involved in leading them.



Here are some highlights of the
National Roadshows and Bidding Rounds happening this year at Africa Oil Week: 



Sierra
Leone



Sierra Leone will be announcing
details of a new bidding round at Africa Oil Week 2019.



Led by the Minister of Mineral
Resources Hon. Foday Rado Yokie and Timothy Kabba, Director General of the
Petroleum Commission of Sierra Leone, and supported by Jonathan Copus, CEO of
Getech, the nation’s delegation will be announcing the opening of a fresh round
of exploration rights.



Only eight wells have been drilled
there since 1982, with the latest coming from Lukoil in 2013, following three
wells drilled by Anadarko (now Occidental) in 2009, 2010 and 2012.



Cameroon



The world of African oil &amp; gas
legislation requires closer scrutiny as new changes emerge. Cameroon is one
nation that has recently made changes to its Petroleum Code.



Jean-Jacques Koum, Advisor for SNH
will present on how these changes will provide greater scope for operators,
investors and the wider finance community to find new ground in Cameroon.



One of the key changes is tax
holiday for oil and condensate development, and a further seven years for gas
development. What’s more, production sharing contracts (PSCs), can be modified
to allow companies to recuperate “exploration expenses” from production based
on Cameroonian on or offshore acreages.



Somalia



The Horn of Africa is open for
business. Somalia’s Petroleum Law and Revenue Sharing Agreement entered force
in May 2019. The nation also unveiled its inaugural offshore licensing round.



Keynote speaker Hon. Abdirashid
Mohamed Ahmed, Somali Minister of Petroleum and Mineral Resources, will lay out
the future of Somali oil &amp; gas for an international audience of financiers
and operators this November.



“This year is a landmark year in the
development of Somalia’s natural resources,” Minister Ahmed said. “The Ministry
has worked successfully with the federal member states to create and equitable
and transparent framework to develop natural resources for the greater good of
Somalia.”



Nigeria



No continental hydrocarbons summit
would be complete without representatives from Africa’s largest oil producer.
Hon. Timipre Marlin Sylva and Melee Kolo Kyari, GMD, NNPC will be leading the
Nigerian delegation, and Bala Wunti, Group General Manager, Corporate Planning
and Strategy, NNPC, is on hand to give the latest updates and opportunities
from Nigeria.



Nigeria continues to attract
significant international attention. According to the NNPC, China is emerging
as one of its key partners. Data from the NOC reveals that Chinese investments
in Nigeria’s oil sector have reached $16bn.



Even so, the nation is aiming at 70%
indigenous participation in oil &amp; gas projects by 2027, so there’s a lot of
interest in how Nigeria’s hydrocarbons sector will develop in the coming years.



Mozambique



Mozambique represents 23% of all
future African capEx, making it the second largest recipient of investment
anywhere in the continent going forward. In particular, natural gas projects
are set to receive a major boost – up to a potential $50bn in capital
expenditure.



Following on the from the success of
significant large-scale projects like Anadarko’s $20bn Mozambique LNG project,
players from across the globe are turning towards Mozambique with great
interest. A proposed $5bn EXIM bank loan to fuel further development is only
making the nation more attractive for investors.



Forming part of the Africa Oil Week
2019 National Roadshow programme is a look at Mozambique and the promise it
holds for international players.



Two of the key players helping
transform Mozambique’s oil &amp; gas industry into something truly world class
are speaking at Africa Oil Week this year. Chairman of the INP, the National
Petroleum Institute, Carlos Zacharias will be there to discuss his country’s
ongoing development, alongside NOC ENH’s CEO Omar Mithá.



23
nations presenting at Africa Oil Week



This is just a handful of the
African countries showcasing their latest news, investment opportunities, and
more at the continent’s leading summit.



Be sure to check out the Prospect Forum, which features additional governmental presentations, as well as our Ministerial Panels on the Tuesday and Wednesday on our Main Plenary Stage. To find out more, see the full Africa Oil Week agenda.



Content provided by Africa Oil Week

Why Africa Oil Week is the place for major national roadshows in the oil & gas sphere

Cape Town is set to host a record-breaking 29 global ministers at the 26th Africa Oil Week (AOW) summit this November. The event will act as a platform for governments to lay-out national strategies, issue licences, finalise tenders and find new partners. AOW Director of Government Relations and Strategic Partnerships Paul Sinclair commented “this year is a watershed moment for ministerial participation in AOW. We have witnessed a growing appetite at government level for the mutual exchange of ideas, energy diplomacy and the forging of new partnerships that will drive forward Africa’s social and economic development and energy security – actions which are increasingly necessary given the transformational era in which we are living.”  



The summit comes at a turning-point for
South Africa in its energy journey. In the wake of Total’s first significant
deep-water oil find in the country earlier this year, and the recent purchase of
offshore exploration blocks by Shell, politicians are preparing for further oil
and gas investment, which could be instrumental in improving the country’s
shaky economic outlook.



Gwede Mantashe, Minister of Mineral
Resources and Energy, will lead the South African national delegation. Western
Cape Minister for Finance and Economic Opportunities David Maynier and Premier
Alan Winde will seek to promote their province to global investors in the
event’s new South Africa Showcase day. 



Among those attending Africa Oil Week for
the first time is Somali Minister of Energy, Abdirashid Mohamed Ahmed. Following
the signing of a new Petroleum Law and Revenue Sharing Agreement in May, and
the unveiling of the country’s first ever offshore licensing round (15 blocks
covering 75,000 sq. km), the Horn of Africa nation is keen shake off past woes and
demonstrate that it is open for business. Mr Ahmed commented, “this year is a
landmark in the development of Somalia’s natural resources…the Ministry has
worked successfully with the federal member states to create an equitable and
transparent framework to develop natural resources for the greater good of
Somalia”.&nbsp; 



As well as emerging players, the summit
will host established producers, including Algeria’s Energy Minister Mohamed
Arkab. After a period of upheaval for the North African nation, Algeria is now
ready to cement itself as a global energy powerhouse. It currently has the
10th-largest proven gas reserves in the world – which will prove instrumental
in the global push towards LNG as a cleaner fuel. Since his appointment, Mr
Arkab has prioritised the drafting of a new petroleum law, as well as
committing to modernise the country’s oil and gas infrastructure. Communicating
these changes will be Mr Arkab’s top priority at Africa Oil Week, where he will
participate in a live CNBC Africa Ministerial Panel alongside his counterparts
from Tunisia, Equatorial Guinea and Uganda. 



Alongside a roster of African governments, Africa
Oil Week will have global presence from the US and UK governments, with
delegations led by Steven Winberg, US Assistant Secretary for Fossil Energy and
Emma Wade-Smith, Her Majesty’s Trade Commissioner for Africa. In the wake of
the recent post-Brexit trade continuity agreement with the Southern African
Customs Union (SACU) and Mozambique, the UK’s Department for International
Trade is looking to cement relations with Africa and become a leading trade
partner to the continent. Mr Sinclair added “we are pleased to host our first
international pavilion at AOW and hope to continue a fruitful partnership with
the United Kingdom long into the future”. 



To learn more about Africa Oil Week and see the full list of attending ministers, visit <a href="http://www.africa-oilweek.com">www.africa-oilweek.com</a>.



Content provided by Africa Oil Week

Africa Oil Week

Africa Oil Week: Uganda energy minister gives update on Tullow Oil, Lake Charles

Africa Oil Week: Olusegun Obasanjo calls on oil majors to align with government policies

Africa Oil Week: Senegal announces oil & gas licensing round

Africa Oil Week: Somalia to launch first oil and gas licensing round

Africa Oil Week: Unpacking US interests in Africa’s oil markets

Why Africa Oil Week is the place for major national roadshows in the oil & gas sphere

Ministers from Africa’s largest oil and gas producers will gather in Cape Town to lay out the continent’s future energy roadmap

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Africa Oil Week

Africa Oil Week: Uganda energy minister gives update on Tullow Oil, Lake Charles

Africa Oil Week: Olusegun Obasanjo calls on oil majors to align with government policies

Africa Oil Week: Senegal announces oil & gas licensing round

Africa Oil Week: Somalia to launch first oil and gas licensing round

Africa Oil Week: Unpacking US interests in Africa’s oil markets

Why Africa Oil Week is the place for major national roadshows in the oil & gas sphere

Ministers from Africa’s largest oil and gas producers will gather in Cape Town to lay out the continent’s future energy roadmap

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