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East African Community Secretariat; Bujumbura, Burundi; 07 June 2017:

East African Community Partner States have been called upon to minimize dependence on imported fossil fuels.

Burundian President Pierre Nkurunziza said dependence on fossil fuels exposes the EAC Partner States to the risks arising from volatility of petroleum prices in the international market and the associated challenges in attaining domestic energy security.

President Nkurunziza further noted that East Africa’s limited infrastructure in terms of refineries, pipelines and storage facilities remained a constraint to stability in fuel prices.

President Nkurunziza disclosed that EAC Partner States spend more than 10 per cent of their Gross Domestic Product to import refined petroleum products.

“We are all aware that without sufficient energy, we can neither create wealth nor enhance our competitiveness, production, trade and investments. The EAC therefore attaches great significance to cooperation in the exploration and development of energy resources available in the region,” said President Nkurunziza.

President Nkurunziza was addressing delegates when he officially opened the 8th East African Petroleum Conference and Exhibition 2017 (EAPCE’ 17) in Bujumbura, Burundi.

He said that the East African region had demonstrated high potential for oil and gas resources, adding that it was only through concerted efforts by various stakeholders that successful petroleum exploration ventures could be mounted.

“In Burundi, the exploration of petroleum resources at Rusizi and Lake Tanganyika basins has commenced in four blocks of 1,477.5 km2 offshore and 793.1 km2. The government of Burundi continues to encourage oil companies to invest in petroleum exploration. It is also reviewing the Petroleum Code of 1976 for purposes of attracting more investors,” he said.

President Nkurunziza said that recent discoveries made in Kenya, Tanzania and Uganda in addition to the existing oil industry in South Sudan had positioned East Africa as the world’s most promising frontier for petroleum exploration and development.

The EAPCE’ 17 is being held under the theme: East Africa – the Emerging Hotspot for Oil and Gas Exploration, Infrastructure Development and Commercialization.

In his remarks, Dr. Ali Kirunda Kivejinja, the Chairperson of the EAC Council of Ministers and Uganda’s Minister for East African Affairs, said that EAC Partner States had over the years invested huge resources – both human and financial – towards petroleum exploration, efforts which have begun to bear fruit throughout the region.

EAC Secretary General Amb. Liberat Mfumukeko said that there had been increased investments in the region’s oil and gas sector in recent times with the recent discoveries.

“Today, the East African region has benefited from advances in technology and management of exploration and production which has led to the discovery of commercially viable oil and gas deposits,” said Amb. Mfumukeko.

Alluding to the oil curse that has been the bane of many oil-producing countries on the African continent, the Secretary General said East Africa has an obligation to learn from other countries and put petroleum resources to good use.

Amb. Mfumukeko said that despite the effects of fluctuating global oil prices, EAC economies had been able to withstand the shocks, adding that the continued growth was testimony to the conducive environment in the region.

“This stability offers long term prospects for returns on investments to potential investors, irrespective of any headwinds the global economy may encounter,” he noted.

 

- ENDS -

 

For more information, please contact:

Mr Owora Richard Othieno
Head, Corporate Communications and Public Affairs Department
EAC Secretariat
Arusha, Tanzania
Tel: +255 784 835021
Email: OOthieno [at] eachq.org


About the East African Community Secretariat:

The East African Community (EAC) is a regional intergovernmental organisation of five Partner States, comprising Burundi, Kenya, Rwanda, Tanzania and Uganda, with its headquarters in Arusha, Tanzania.

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East African Community Headquarters, Arusha, 03 June 2017: The 8th East African Petroleum Conference & Exhibition (EAPCE'17), organised by the EAC Secretariat, the Government of Burundi and other EAC Partner States is scheduled to take place 7th to 9th June 2017 in Bujumbura, Burundi.

All Journalists from Uganda, Kenya, Rwanda, Burundi, Tanzania and S. Sudan as well as Foreign Correspondents/Journalists intending to cover the 8th East African Petroleum Conference & Exhibition (EAPCE'17) in Bujumbura are informed that they must register through the conference website http://www.eapce17.eac.int.

Please note, no accreditation will be done on the Conference day, 7th June 2017.

Any Journalist without an accreditation badge will not be allowed within the conference venue.​

For more information please contact the following:

1. Aileen Mallya, East African Community Secretariat. Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

2. Christian Nibitanga, EAPCE'17 National Organising Committee. Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Facebook: http://www.facebook.com/proudlyeastafrican | Twitter: @jumuiya /@eacmediacentre / instagram;@eac_secretariat1 http://www.eac.int Corporate Communications and Public Affairs Department EAC Secretariat Arusha, Tanzania http://www.eac.int

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East African Community Secretariat; Arusha, Tanzania; 25 May 2017:

The EAC Secretariat, the Government of Burundi and other EAC Partner States are finalizing preparations for the 8th East African Petroleum Conference and Exhibition (EAPCE’17) set to be held in Bujumbura, Burundi from 7th to 9th June 2017.

The three-day conference themed "East Africa - An Emerging Hotspot for Oil and Gas Exploration, Infrastructure Development and Commercialization" will bring together top players in the oil and gas sector as well as policy and decision makers from the region to dialogue on the potential that lies within the region while sharing information on the status of development of the sector in each Partner State.

EAPCE’17 will include an exhibition where investors, enterprises, researchers and academia will collectively showcase new products and services as well as exhibit the latest advances in the exploitation of both renewable and non-renewable energy sources.

The Conference programme also integrates field excursions to selected sites in each Partner State for participants to see the rich geological variety that the region possesses as well as the touristic attractions that the region is well known for.

H.E. Pierre Nkurunziza, President of the Republic of Burundi, has been invited to grace the official opening ceremony of the Conference.

Other high level dignitaries expected to attend the Conference include Amb. Libérat Mfumukeko, the EAC Secretary General as well as line Ministers and heads of the respective Agencies from all EAC Partner States, who shall engage stakeholders on critical steps needed to leverage higher levels of investment in the oil and gas sector.

Speaking ahead of the Conference, the EAC Secretary General, Amb. Libérat Mfumukeko said the Conference provides unique networking opportunities with government, private sector, regional organizations, academia, technology developers, investors and civil society.

“Recent discoveries of oil and gas in Kenya, Uganda and Tanzania in addition to the existing oil industry in South Sudan have positioned East Africa as the world’s most promising frontier for petroleum exploration and development,” added Amb. Mfumukeko.

The Secretary General said the EAC Partner State shall share their policy, legal and regulatory frameworks and other initiatives aimed at continually improving the enabling environment in the sector.

EAPCE’17 is taking place at the peak of EAC's transforming into a Common Market. This transformation is geared towards providing great opportunities for business and investment in all sectors as the single market provides for free movement of goods, capital and services within the region.

EAPCE’17 will among others address the following critical issues:

  • Exploration and development in the East African Rift and Coastal Basins as well as Deep water and Inland Basins;
  • Commercialization of discovered oil and gas resources from field development, reservoir management and data management;
  • Local content in Africa and how it is likely to impact the future development of the petroleum sector;
  • The latest technological advancements in the petroleum sector; and
  • The balance needed between environmental management and the development of the petroleum value chain.

Registration for participation at the Conference closes on 6th June 2017. For more information on EAPCE’17, visit the conference website: www.eapce17.eac.int 


- ENDS -

Notes to Editor: 

The EAC has been holding the East African Petroleum Conference and Exhibition (EAPCE) biennially since 2003 to promote exploration, development and production of oil and gas. The main objective of the Conference and Exhibition is to promote investment in the oil and gas sector by demonstrating to the world the potential that lies within the region and sharing information on the status of development of the sector in each Partner State.

The Conference offers a wide range of technical presentations reflecting developments in the oil and gas industry in East Africa and around the world. The Conference provides a forum for discussing the legal and policy framework and the overall business environment prevailing in the region. It gives stakeholders in the oil and gas sector an opportunity to interact with EAC senior government officials and decision makers.

The Conference integrates an exhibition and field excursions that have become a popular feature of the Conference, attracting more and more participants with each successive Conference.

For more information, please contact:

Mr Owora Richard Othieno
Head, Corporate Communications and Public Affairs Department
EAC Secretariat
Arusha, Tanzania
Tel: +255 784 835021
Email: OOthieno [at] eachq.org

 

About the East African Community Secretariat:

The East African Community (EAC) is a regional intergovernmental organisation of five Partner States, comprising Burundi, Kenya, Rwanda, Tanzania and Uganda, with its headquarters in Arusha, Tanzania.