APPO Seeks Stronger African Oil Firms As IOCs Secure Exploration Deals

The African Petroleum Producers Organization (APPO) is pushing for stronger national oil companies across the continent and improved negotiations with international oil companies (IOCs) to ensure host countries derive greater benefits from their oil and gas resources.
The Secretary-General of APPO, Farid Ghezali, disclosed this during Africa Energy Week in Cape Town, South Africa, where oil-producing countries showcased exploration opportunities to attract foreign investment.
Ghezali told Platts that the organisation was advocating stronger partnerships as African producers opened promising oil and gas basins to international investors.
“We are also going to present a new strategy o...