Africa Energy Outlook 2023 Webinar organised by AOGS Energy Resources Limited assembles expert panel to unpack the strategic issues likely to influence business and policy outcomes for Africa Energy in 2023.
The CEO, AOGS Energy Resources Limited, Emmanuel Emielu, Ph. D, Management, made this known in a statement, adding that the Webinar is scheduled to hold February 22, 2023.
“Our expert panel unpacks these strategic questions in the Africa Energy Outlook Webinar on Feb 22, 2023. 1pm (WAT)”, he said.
He listed the Speakers include: Felix Amieyeofori, a Professor of Energy Sustainability and Economic Policy and Ibilola Amao, Principal Consultant, Lonadek Global Services Ltd and Honourary Fellow, The Queen Mary University of London.
After a year that was anything but normal, and more headwinds anticipated, what does 2023 portend for Africa energy, and what choices are available to business and policy leaders?
Our expert panel unpacks these strategic questions in the Africa Energy Outlook on Feb 22, 2023.
He called interested persons to join the Webinar by Registering at https://bit.ly/AOGSfeb22.
“The year 2022 witnessed a confluence of unprecedented events beginning with the war in Europe. The expected boost from the emergence from Covid met early headwinds due to the war and the massive supply chain disruptions that followed the global lockdown. Fears of economic recession and inflationary pressures warranted fiscal and monetary tightening and spurred diverse cost of living crises around the world. As the year ended, growth projections had been severely scaled back with 2023 forecast just shy of 2% by most projections”, he stressed.
“On the energy front, a year-long volatility saw December crude oil prices back at January levels, after a 50% spike mid-year. On the other hand, investments in fossil fuels continued to face mounting oppositions by green energy advocates, compounding the emerging energy transition scenarios with critical implications for African economies”, maintained the CEO.
He noted that most African oil producers could not benefit from the price surges in 2022, ostensibly due to weak capacities for market response, Nigeria being the poster boy of the missed opportunities, despite her huge potentials.
“So, after a year that was anything but normal, and more headwinds anticipated, the question is, what does 2023 portend for Africa energy, and what choices are available to business and policy leaders? He asked.