Major issues faced by the upstream and downstream oil sectors will be addressed at three events to be held in Tunis starting from October 21.

The North Africa Oil and Gas Summit co-located with the North Africa Unconventials Seminar and the North Africa Downstream Summit will run till October 24, under the patronage of the Ministry of Industry in Tunisia.

Currently, Africa is estimated to have a total of 132.438 billion barrels of oil, which is equivalent to 41.2 years of the current oil production in the world, said a top official.
 
“Through the co-location of the three events we ought to allow greater synergies between all the decision makers of the regional oil and gas industry and to discuss under one roof the overall  energy pillars outlined previously by Energy Ministry representatives," said Elodie Huiban, vice president Africa, the Energy Exchange.

"We look forward to ground-breaking discussions between international oil corporations and national oil corporations on the way forward within the conventional and the unconventional resources development and on the importance of investing in the improvement of the downstream sector in the region.”

The event will include the reviewing of macro-economic opportunities within the oil and gas industry.

A panel discussion comparing and contrasting the common objectives of each state will also be held, to determine the key to future success and suggest optimal ways to create strong ties with future partners.

The summits will highlight the current situation of the region in terms of availability of manpower resources, security issues impacting investments from oil and gas companies; forging successful business partnerships to tackle the various energy challenges and country roundtables led by the country’s NOC or government representative - providing an opportunity to further explore the specific challenges faced by each country. - TradeArabia News Service