APPO aims to increase share of local African content

Luanda – The marketing director of Africa Local Content (ALC) Sergio Silva Said Tuesday that the Organization of African Petroleum Exporting Countries (APPO) plans to achieve a 30 percent share of the local content services provided to the African oil and gas industry by 2030.

According to Sergio Silva, who was speaking on the last day of the 2nd African conference on local content in the oil and gas industry, running in Luanda said that currently the share of local content on the African continent is below 20 percent.

To him to achieve this goal, a statute and a platform for disseminating information on the concerns and perspectives of the APPO member countries will be created and a report will be prepared with recommendations that will be given to all African countries.

In his view, local content contracting policies should be seen as a balancing act and not mandatory, so that oil and gas companies operating in a particular country do not feel compelled but encouraged.

He hoped that the experiences being shared at this conference would help to improve local content activity in Africa and strengthen regional cooperation.

The reality of local content in Africa varies from country to country, so the official said that such work must be constant, to improve the continent’s activity and economy.

The second conference on Local Content in the African oil and gas industry held for the second time in Luanda is being promoted by the Organization of African Petroleum Producing Countries (APPO).

The first time was held in Luanda in 2016.

In addition to the member countries (Angola, Algeria, Benin, Cameroon, DR Congo, Cote D Ivoire, Egypt, Equatorial Guinea, Gabon, Ghana, Libya, Mauritania, Niger, Nigeria, South Africa, Sudan, Chad and Mozambique), are attending the meeting, which ends Tuesday (27), oil companies and service providers to the oil and gas sector.

Source: Angola Press News Agency