OTL Resonates New Beginnings in Oil and Gas – Aduda
Speaking in his Goodwill Message at the OTL Africa Downstream Energy Week, Gabriel Aduda Permanent Secretary, Ministry of Petroleum Resources, said it is a gathering that epitomizes essence of the industry. “The theme for this year, “Energy, Synergy, and New Beginnings,” strikes a chord in the ongoing transformations in the world of oil and gas.”
“In this dynamic era, where the energy landscape is evolving rapidly, it’s crucial that we embrace the spirit of synergy. Our industry is no longer confined to traditional boundaries; it is about collaboration, innovation, and adaptability. The challenges we face are not unique to any single entity, but shared by all. Together, we can overcome them and pave the way for a brighter, more sustainable future.”
Aduda was of the view that the energy sector is witnessing a renaissance of sorts, heralding new beginnings. “As we move towards a more sustainable, eco-friendly future, our industry must lead the charge. We are not merely oil and gas experts; we are custodians of change. It is our responsibility to shape a future where energy is clean, accessible, and equitable for all.”
Nigeria, as a significant player in the global energy landscape, faces the challenge of balancing its hydrocarbon-based economy with the need to transition towards cleaner and more sustainable energy sources. While much attention has been focused on the upstream sector (exploration and production) in discussions about energy transition, the downstream sector, which involves refining, distribution, and marketing of petroleum products, plays a crucial role in this transition.
The downstream sector in Nigeria plays a pivotal role in the country’s energy transition. To successfully shift from a hydrocarbon-based economy to a more sustainable and diversified energy landscape, Nigeria must address the challenges faced by this sector while leveraging its potential.
Infrastructure development, laudable as the Presidential Initiative on CNG is for example, “we must be careful not to put the cart before the horse, we need the buses, we need the converters but then where is the gas? This important question can best by answered by the members of the OTL who must work with government to expand trunk and distribution gas pipelines across the country; the supply and distribution of refining capacity expansion; supportive regulations; renewable energy integration; and workforce development are key areas that require attention.”
According to the Permanent Secretary, the downstream sector’s ability to adapt and embrace clean energy alternatives will be a determining factor in Nigeria’s energy transition success.
He said the event, with its strategic conference, exhibitions, networking, and market insights, is a testament to the collective commitment of industry leaders, innovators, and policymakers. It’s a platform where ideas are exchanged, partnerships are forged, and, most importantly, where the seeds of progress are sown.
Aduda encouraged stakeholders and participants to make the most incredible opportunity to collaborate, learn, and inspire one another.
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“Let’s work in synergy to embrace these new beginnings. The potential is boundless, and together, we can truly make a difference in shaping the future of energy.”
He noted that the amazing discussions and innovations that will undoubtedly emerge from the event will lead to a successful, insightful, and transformative OTL Africa Downstream Energy Week!
