By Otwari Dominic Oromo.
Delegations from different parts merge for the three days conference organized under the theme: “East Africa as a hub for investment in exploration and exploitation of Petroleum resources for sustainable energy and social economic development” to optimize oil and gas.
Day one of the Conference kicked off with the topic, “Sustainable Development of the East African Region’s Oil and Gas Resources; Balancing the Environment, Social and Governance Aspects”
The EAPCE’23 was officiated by the Vice President, HE. Jessica Alupo on behalf of HE. Yoweri Kaguta Museveni, The Vice President’s attention was caught by the South Sudan booth in the Exhibition center that exhibited products such as Heavy Fuel Oil, Diesel and Naptha presented by Nile Pet Representative Eng. David Galla.
In an interview, Eng. David Galla the Vice President of SNP Group South Sudan reported that with South Sudan being the major oil producer in the East African region, it has for the past twenty years has accumulated wealthy experience in both capacity building and trained personnel the oil and gas industry, South Sudan wishes to extend its support to any East Africa Member state in attainment of Sustainable development in the region because efficient exploration and exploitation of the oil and gas resource has the potential to significantly drive economic growth in East Africa and the African Continent at large.
The Conference offers a wide range of technical presentations by delegates comprising of government officials, oil and gas companies, service companies, academia and researchers, private sector, civil society and wide range of stakeholders in the oil and gas industry.
The conference is organized on rotational basis among the East Africa member states to provide a unique forum for dialogue for all the member states and players of the oil and gas at both regional level and international level reflecting developments in the oil gas sector industry in East Africa and globally.
Uganda made the first commercial discovery of oil in 2006, and it is estimated that the country’s in-place volume of oil resources to date is six and a half (6.5) billion barrels of oil.
According to Hon. Nankabirwa the Minister of Energy, energy is a crucial component of economic development and growth, and without it, the EAC cannot accomplish its stated objectives of achieving social, economic, and political integration.
As bullets keep raining in Khartoum, South Sudan stands a risk to it’s only oil pipeline through Port Sudan. Otherwise, a continuous instability in Sudan should raise an alarm sounded to the policymakers to harness with both the private and public sectors to embrace large-scale agriculture as a long-term resilient, fiscally sustainable, and core value to income generation that will accelerate the Gross Domestic Product and adequate savings for the future generation.
“A good father leaves behind wealth for his children’s children, and as East Africans, we should ensure we leave wealth for our East Africa’s children’s children,” says Hon Elly Karuhanga Chairman of Uganda Chamber of mines and Petroleum in his keynote speech at the Conference