{"id":118882,"date":"2021-06-30T13:00:00","date_gmt":"2021-06-30T13:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=28860992886099"},"modified":"2021-06-30T13:00:00","modified_gmt":"2021-06-30T13:00:00","slug":"nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2021\/06\/30\/nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town\/","title":{"rendered":"Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town"},"content":{"rendered":"<p><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2021\/06\/1568-aec-logo.jpeg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" loading=\"lazy\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p><em><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/law.icrowdnewswire.com\/assets\/source\/users\/1568\/timipre-sylva-ful.jpg?1624955632111\" alt=\"timipre-sylva-ful\" width=\"651\" height=\"461\" \/><\/em><\/p>\n<ul>\n<li><em>H.E. Chief Timipre Sylva, Minister of State for Petroleum of Nigeria, has confirmed his attendance at African Energy Week (AEW) 2021, on the back of several VIP confirmations.\u00a0<\/em><\/li>\n<li><em>Under the leadership of H.E. Minister Sylva, Sub-Saharan Africa\u2019s leading oil producer is driving Africa\u2019s energy future via large-scale gas development plans and progressive policy reform.<\/em><\/li>\n<li><em>H.E. Minister Sylva will lead a Nigerian delegation, including executives from the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to AEW 2021.<\/em><\/li>\n<\/ul>\n<p><strong>Abuja, 28 June 2021<\/strong>\u00a0\u2014 The African Energy Chamber (AEC) is honored to confirm the attendance of Nigeria\u2019s Minister of State for Petroleum H.E. Chief Timipre Sylva at African Energy Week (AEW) 2021. H.E. Minister Sylva will lead a Nigerian delegation that includes executives from the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) to AEW 2021, taking place on November 9-12 in Cape Town, South Africa. The participation of sub-Saharan Africa\u2019s largest oil-producing economy speaks to the caliber and magnitude of the event, and follows a series of VIP confirmations in the past week alone.<\/p>\n<p>Since his appointment in August 2019, H.E. Minister Sylva has played a pivotal role in not only facilitating investments into the Nigerian oil and gas sector, but also positioning natural gas at the forefront of the country\u2019s energy agenda. Most recently, the Federal Government launched its \u2018Decade of Gas\u2019 initiative, under the theme \u2018Towards a gas-powered economy by 2030,\u2019 in conjunction with its National Gas Expansion Program, aimed at bolstering gas development for domestic use and industrialization.<\/p>\n<p>Nigeria\u2019s \u2018Decade of Gas\u2019 initiative succeeds the 2020 \u2018Year of Gas\u2019 declaration, which launched a range of projects, including the $2.8 billion, 614Km Ajaokuta-Kaduna-Kano (AKK) pipeline connecting the eastern, western, and northern regions of the country, as well as the construction of $10 billion Nigeria LNG Train 7.<\/p>\n<p>The Federal Government has also reaffirmed its stance on funding for gas and fossil fuel projects in Nigeria and has highlighted that funding for these crucial projects should be sustained during the global transition to net-zero emissions.<\/p>\n<p>Under H.E. Minister Sylva\u2019s leadership, Nigeria is poised to exploit the country\u2019s enormous gas resource potential \u00ad\u2013 which ranks among the 10 largest worldwide and is estimated to be in excess of 600 trillion cubic feet (tcf).<\/p>\n<p>Meanwhile, Nigeria\u2019s Petroleum Industry Bill (PIB) is set to be passed by in July. This important legislation seeks to ensure an increased level of transparency and accountability in the sector and overhaul the Nigerian oil industry, while offering new fiscal incentives to investors and while restructuring the way energy projects in Africa\u2019s largest crude producer are operated and funded.<\/p>\n<p>\u201cNigeria intends to advocate for an Africa-centric approach to the clean energy transition \u2013 one that is able to meet our developmental goals and eliminate energy poverty, while achieving substantial reductions in global carbon emissions,\u201d said NJ Ayuk, Executive Chairman, the AEC. \u201cThe monetization of gas resources \u2013 of which Nigeria holds 600 trillion cubic feet \u2013 will be a critical instrument for diversifying our national economies, generating regional income, boosting electrification rates and curbing gas flaring practices. AEW 2021 is a key platform to exchange best practices on transitional strategies, as well as showcase the contributions that Nigeria has made \u2013 and has yet to make \u2013 to a more sustainable future.\u201d<\/p>\n<p>Moreover, the government expects additional marginal field production to begin next year, following its second marginal field bid round which was hosted by the DPR in 2020, whereby 591 companies applied to win 57 oil fields located onshore and offshore. The new activity is expected to generate revenue of $600 million.<\/p>\n<p>\u201cMinister Sylva has been a long-time champion of Nigerian energy development, and there can be no discussion of Africa\u2019s energy future without the presence of its leading economic and energy powerhouse. From advancing the Petroleum Industry Bill to its final stages, to successfully launching Nigeria\u2019s first marginal fields bid round in nearly two decades, Minister Sylva has been resolute in his efforts to revitalize the oil and gas industry and unwavering in his support of a pro-African energy narrative,\u201d continued Ayuk.<\/p>\n<p>With key topics including making energy poverty history before 2030 and the future of the African oil and gas industry \u00ad\u2013 the four-day AEW 2021 event will define and promote the African energy agenda through a series of elite networking events, innovative exhibitions, and one-on-one deal-making.<\/p>\n<p>Since its launch two weeks ago, AEW 2021 has gained confirmation of attendance from an impressive line-up of government officials, top executives and industry leaders across the African energy value chain, including two of the top oil producers on the continent \u00ad\u2013 as it pioneers a reputation for promoting Africa as the destination for African-focused events and elevating African voices within the energy transition.<\/p>\n<p>For more information about Africa\u2019s premier energy event, please visit\u00a0<a href=\"http:\/\/www.aew2021.com\/\">www.aew2021.com<\/a>\u00a0or www.energychamber.org\u00a0 and\/or reach out directly to Amina Williams at\u00a0<a href=\"mailto:amina.williams@energychamber.org\">amina.williams@energychamber.org<\/a><\/p>\n<div>\n<h3>Contact Information:<\/h3>\n<p>For registration related enquiries, please contact\u00a0<a href=\"mailto:registration@aew2021.com\">registration@aew2021.com<\/a><br \/> For sales-related enquiries, please contact\u00a0<a href=\"mailto:sales@aew2021.com\">sales@aew2021.com<\/a><br \/> For media-related enquiries, please contact\u00a0<a href=\"mailto:media@aew2021.com\">media@aew2021.com<\/a><br \/> For speaker opportunity-related enquiries, please contact\u00a0<a href=\"mailto:speakers@aew2021.com\">speakers@aew2021.com<\/a><\/p>\n<\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town\/\">Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\">Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>H.E. Chief Timipre Sylva, Minister of State for Petroleum of Nigeria, has confirmed his attendance at African Energy Week (AEW) 2021, on the back of several VIP confirmations.&nbsp; Under the leadership of H.E. Minister Sylva, Sub-Saharan Africa&rsquo;s leading oil producer is driving Africa&rsquo;s energy future via large-scale gas development plans and progressive policy reform. H.E. [&hellip;]<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town\/\">Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/heymuse.com\/\">Financial Market Brief<\/a>.<\/p>\n<p> <a href=\"http:\/\/ipsnews.net\/business\/2021\/06\/30\/nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144],"tags":[],"class_list":["post-118882","post","type-post","status-publish","format-standard","hentry","category-legal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2021\/06\/30\/nigerian-petroleum-minister-timipre-sylva-to-lead-nigerian-delegation-to-african-energy-week-in-cape-town\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town - Business\" \/>\n<meta property=\"og:description\" content=\"H.E. Chief Timipre Sylva, Minister of State for Petroleum of Nigeria, has confirmed his attendance at African Energy Week (AEW) 2021, on the back of several VIP confirmations.&nbsp; Under the leadership of H.E. Minister Sylva, Sub-Saharan Africa&rsquo;s leading oil producer is driving Africa&rsquo;s energy future via large-scale gas development plans and progressive policy reform. H.E. [&hellip;] The post Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town appeared first on Financial Market Brief. 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Chief Timipre Sylva, Minister of State for Petroleum of Nigeria, has confirmed his attendance at African Energy Week (AEW) 2021, on the back of several VIP confirmations.&nbsp; Under the leadership of H.E. Minister Sylva, Sub-Saharan Africa&rsquo;s leading oil producer is driving Africa&rsquo;s energy future via large-scale gas development plans and progressive policy reform. H.E. [&hellip;] The post Nigerian Petroleum Minister Timipre Sylva To Lead Nigerian Delegation To African Energy Week In Cape Town appeared first on Financial Market Brief. 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