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African Energy Week Remains a Forum for Investment, Dialogue and Continental Growth

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African Energy Chamber

With 600 million Africans lacking electricity and an annual energy funding gap reaching $95 billion, the African Energy Chamber urges leaders to keep African Energy Week 2026 focused intra-continental trade and cross-border movement

CAPE TOWN, South Africa, September 14, 2026/APO Group/ –With roughly 600 million Africans still lacking access to electricity and an annual sector financing gap reaching $95 billion, Africa cannot afford to let political friction disrupt its commercial energy agenda. Ahead of African Energy Week (AEW) 2026 in Cape Town, the African Energy Chamber (https://EnergyChamber.org/) is calling on continental leaders to safeguard cross-border investment, streamline visa-free travel while prioritizing economic sovereignty over diplomatic division.

 




  

AEW stands today as the largest and Africa’s most consequential platforms for investment, financing, and practical cooperation in energy. Taking place in Cape Town on October 12 to 16, 2026, the gathering is expected to bring together more than 10,000 delegates from over 100 countries. That scale alone makes clear this is not a narrow industry meeting; it is a continental convening with global reach.

We recognize the seriousness of the current diplomatic tensions between Nigeria and South Africa and we condemn any violence or mistreatment of African migrants. But this moment must not be allowed to shut the door on dialogue, investment and practical cooperation across the continent.

Energy is one of the few sectors capable of bringing Africans together around shared growth, jobs, industrial development and regional integration. It must not be treated as collateral damage in a broader political dispute. The commercial ties between Nigeria and South Africa are too important, and the broader network of African energy relationships is too valuable, to be weakened by the heat of the moment.

AEW is organized by the African Energy Chamber in partnership with Afreximbank and the African Petroleum Producers Organization, institutions that have worked with determination to advance African energy sovereignty and African-led solutions to African challenges. The African Energy Chamber is not merely hosting a conference; it is leading a movement for African ownership, African industry and African progress.

This movement is needed because the continent still faces a hard and unforgiving truth. According to the International Energy Agency, roughly 600 million Africans still lack access to electricity and about 900 million remain without access to clean cooking. This is not a statistic to be filed away and forgotten. It is a development emergency that affects children studying by candlelight, mothers cooking over dangerous fuels, hospitals struggling with power reliability and businesses forced to operate beneath the weight of inadequate infrastructure.

Africa also continues to face a major energy financing gap, with recent reporting placing the annual shortfall at between $67.5 billion and $95 billion. If Africa is to power its people, industrialize its economies and secure its future, then Africans must fight to fix it with capital, with policy discipline, and with the courage to back the projects that will deliver real value on African soil.

There is value in staying the course, even when the road is rough

The question before the continent is plain enough: will we embrace innovation, growth, and prosperity, or will we slide backward into a posture that denies facts and delays demand? Africa does not need less energy. Africa needs more energy, more generation, more infrastructure, more refining, more gas and more investment to meet the needs of its people and economies. That is why the call for more investment in exploration remains so urgent. DRILL BABY DRILL.

African Energy Week exists to meet that urgency. It brings governments, operators, financiers and service companies into one room to unlock capital and move projects from paper to production. Previously, AEW has demonstrated that this platform is not about rhetoric; it is about results, partnerships and deal-making that move African energy forward.

The 2026 gathering reflects that growing confidence. Delegations and participation are expected from across Africa and beyond, including countries in every major region of the global energy market.  That breadth matters, because Africa’s energy future is not a local matter alone; it is a continental priority with global significance.

Africa must also do more to trade with itself. Intra-African trade remains far too low, representing only about 15 to 18 percent of the continent’s total trade in recent years, compared with far higher levels in Asia and Europe. The African Continental Free Trade Area offers a path toward stronger integration, and recent analysis suggests it could significantly expand trade if African states remove the barriers that still stand in the way. But trade cannot flourish in a continent where movement remains too difficult and markets remain too fragmented.

That is why African leaders must move with urgency to fix visa-free travel. If Africa is serious about integration, then Africans must be able to do business in Africa, study in Africa, work in Africa and build in Africa without being trapped by unnecessary border friction. Free movement is not a luxury. It is infrastructure for prosperity.

This moment should also be used to expand opportunity for young Africans, especially in energy, engineering, and STEM. Africa’s future will be written by engineers, geoscientists, technicians, coders, project managers, data analysts, and entrepreneurs who can turn natural resources into schools, roads, factories, industrial parks, and jobs. If the continent is serious about prosperity, then it must give African entrepreneurs the tools they need to succeed access to capital, fairer taxation, streamlined regulation, and an environment that rewards initiative rather than suffocates it.

Cape Town remains a safe and welcoming host city for AEW, and the conference should be embraced as a practical meeting ground for the continent’s energy leaders. The goal is simple: keep business moving, keep investment flowing and keep Africa focused on its own development agenda.

“Sometimes leadership requires us not to run from discomfort, but to walk through it with our heads held high and our purpose intact. There is value in staying the course, even when the road is rough. We must move through this pain honestly, soberly, and together, then regroup with clearer minds and steadier hands. What we must avoid now are rushed choices, emotional overcorrections, and decisions we may regret long after tempers have cooled,” says NJ Ayuk, Executive Chairman of the African Energy Chamber

This is a call for unity, discipline and restraint. It is also a reminder that African leadership must be measured not by how quickly it retreats from difficulty, but by how faithfully it walks through it. The African Energy Chamber welcomes this new opportunity to continue pushing to unify the continent through trade, investment, energy cooperation, and shared purpose.

Africa does not build prosperity by closing doors. It builds prosperity by keeping them open to capital, commerce, and collaboration. Energy is business. Energy is development. Energy is sovereignty. And it should never be allowed to become the casualty of political division.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Venezuela’s Revised Hydrocarbons Law Ties Investor Terms to Asset Type

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Etu Energias

New contract models and tiered fiscal rates give companies several routes into Venezuela, each matched to a different class of upstream asset

CARACAS, Venezuela, October 28, 2026/APO Group/ –Venezuela’s amended Organic Hydrocarbons Law has opened several distinct routes into the country’s oil and gas sector, each suited to a different type of asset and a different appetite for operational control. Heavy-oil acreage in the Orinoco Belt, mature onshore fields, offshore gas and refining are all available to international capital, and Venezuela Energy Week (VEW) 2027 will bring the companies weighing those options to Caracas to negotiate directly with PDVSA and the Ministry of Hydrocarbons.

 




 
 

The government made its pitch in Cape Town, South Africa last week, where Vice Minister of Commercial Policy Ricardo Gomez presented 303 billion barrels of proven oil reserves and 193 trillion cubic feet of natural gas at the Venezuela Global Investment Forum during African Energy Week (AEW) 2026. “The opportunities extend from upstream projects to downstream and refining,” he said, as PDVSA works toward its target of 105 definitive oil contracts by year-end.

Participation Contracts

The most direct route is the hydrocarbon productive participation contract (CPPH). Under it, a Venezuela-domiciled company operates a designated area at its own cost and risk for 25 years. With ministry approval, it can also market its share of production. Eni moved its Junín-5 heavy-oil field onto the model in September. The Italian company left its minority joint venture position to become exclusive operator of an asset holding 35 billion barrels of certified oil in place.

Joint Ventures

Companies preferring a partnership can enter a restructured joint venture with PDVSA. The state company keeps majority ownership, but can now hand operational management and marketing rights to its international partners. Mature fields are open through either structure, and their existing wells and infrastructure offer a quicker path to revenue. GeoPark took the contract route at the Bare field – a heavy-oil asset in the Orinoco Belt – under a 25-year agreement. It plans to reactivate up to 1,100 wells and lift output to around 90,000 barrels per day (bpd) by 2038.

Infrastructure Contracts

Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive

Direct ministerial contracts and strategic alliances cover oilfield services and infrastructure. Projects on offer include pipeline rehabilitation, export terminals and refinery upgrades. Domestic refineries currently process 350,000 bpd, and PDVSA aims to raise throughput to as much as 600,000 bpd in 2027.

Offshore Gas Follows Its Own Licensing Track

Offshore gas is awarded through a separate licensing process. bp, a Gold Sponsor of VEW 2027, operates the second phase of the cross-border Loran field. It holds the license in equal shares with Abu Dhabi’s XRG and Qatar’s UCC Oil and Gas Holding.

Tiered Fiscal Terms Support Investment Across the Value Chain

Each route to investment sits within a revised fiscal regime. Regulations published in July cap royalties at 30% and the integrated hydrocarbons tax at 15%, with combined rates of 20% for greenfield projects, 25% for extra-heavy oil, 30% for non-producing brownfields and 35% for producing brownfields. Qualifying offshore projects and developments incorporating upgrading or refining infrastructure may receive reductions of up to five percentage points.

“Venezuela is seeing a lot of interest as a result of aggressive fiscal and regulatory changes that are making the country more attractive,” Scott Gilbert, Non-Executive Chairman of Apertura Energy, told the AEW forum.

Companies entering through a CPPH will need a locally incorporated entity, and securing marketing authorization early gives operators greater control over revenue. U.S. companies also structure contracts around the conditions attached to Treasury general licenses, which govern how payments and contract law are handled in deals with PDVSA.

VEW 2027 will put those terms on the table in Caracas, with the Ministry of Hydrocarbons and PDVSA, both patrons of the event, meeting investors across two conference days and a day of site visits. By February, PDVSA’s year-end contracting drive is expected to have produced additional agreements, giving investors a clearer picture of how the revised contractual and fiscal frameworks are being applied in practice.

VEW 2027 takes place February 22–25 at the Simon Bolivar Convention Center in Caracas. Organized by Energy Capital & Power and taking place under the patronage of Acting President Delcy Rodríguez, PDVSA and the Ministry of Hydrocarbons, VEW is the country’s flagship oil and gas investment platform. To register or learn more about sponsorship and speaking opportunities, visit www.VenezuelaEnergyWeek.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 




 

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African Energy Chamber (AEC) Applauds Afreximbank President George Elombi as Billions in Financing Drive Africa’s Industrial Growth

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African Energy Chamber

Since assuming leadership in October 2025, Dr. George Elombi has overseen major financing commitments across Africa’s energy, mining and industrial sectors

JOHANNESBURG, South Africa, October 26, 2026/APO Group/ –The African Energy Chamber (AEC) (https://EnergyChamber.org/) has commended Dr. George Elombi, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), for his decisive leadership in advancing African industrialization, energy security and economic integration. Since succeeding Professor Benedict Oramah in October 2025, Dr. Elombi has overseen a series of landmark financing commitments spanning oil and gas, critical minerals, infrastructure and manufacturing, demonstrating the growing capacity of African financial institutions to mobilize capital for the continent’s development.
 




 

“I was privileged to attend the inauguration of Dr. George Elombi in October 2025 as Afreximbank President and Chairman, succeeding Professor Benedict Oramah. Since that day, I have watched a man of few words keep the promises he made not with grand speeches, but with practical action. At this crossroads in our history, Dr. Elombi understands that leadership is not about occupying the moment. It is about shaping the future,” states NJ Ayuk, Executive Chairman, AEC.

A cornerstone of Dr. Elombi’s commitment to Africa’s energy sector is the establishment of the Africa Energy Bank (AEB) alongside the African Petroleum Producers Organization. Designed to finance large-scale energy and infrastructure projects across the continent, the AEB will use a corridor approach, prioritizing projects that deliver regional economic development across four pillars: export infrastructure, domestic infrastructure, clean cooking and power. The bank is expected to become operational within weeks and begin financing projects at the start of 2027.

At this crossroads in our history, Dr. Elombi understands that leadership is not about occupying the moment

Dr. Elombi’s work is reflected in a series of milestones reached by Afreximbank in recent months as the bank moves to advance intra-African trade, mobilize capital and bring new countries into its mission. In April 2026, South Africa acceded to the Establishment Agreement of the bank, marking the entry of one of the continent’s biggest economies into the bank’s membership. With the move, Afreximbank launched major financial interventions in the country, including a $8 billion Country Program designed to deepen economic growth. According to Dr. Elombi, South Africa’s membership builds on a strong pipeline of Afreximbank-led projects in the country, exceeding $6 billion and spanning healthcare, energy, manufacturing, financial services and mining.

Beyond South Africa, Afreximbank continues to advance financing for strategic projects across a myriad of sectors. Notable transactions include a $3.8 billion agreement with Gabon to support manganese and gold trading as well as energy development and rail infrastructure; a $25 million facility for Lilium Gold to support operations at the Boungou and Wahgnion mines in Burkino Faso; and a $1.75 billion syndicated receivables-purchase facility for Angola’s national oil company Sonangol. In Nigeria, the bank announced a $2.5 billion underwriting commitment – part of a $4 billion syndicated facility – for Dangote Petroleum and Petrochemicals as well as a $750 million reserve-based lending facility for Heirs Energies, supporting indigenous African energy capacity.

The bank was also responsible for the first-recorded Southern African energy sector transaction through the Africa Trade Gateway – a one-stop digital trade ecosystem developed by Afreximbank and the African Continental Free Trade Area. The transaction features a $5.3 million cross-border gasoil trade involving Zimbabwe. One of the most significant developments

Afreximbank’s mandate transcends energy. The bank continues to mobilize capital for infrastructure that can connect African markets, supporting continent-wide industrialization and job creation. In healthcare, the African Medical Center of Excellence in Ajuba, a landmark 170-bed specialty healthcare center developed by Afreximbank, has set a new standard in healthcare in the country. The facility treats more than 5,000 patients from over 20 countries, with plans to expand to 500 beds in the near-term.

“This is more than a list of transactions; it is a practical expression of economic sovereignty, financing African businesses, moving African commodities, developing African infrastructure and keeping more value on the continent,” Ayuk said. “Dr. Elombi is running his race. He is not chasing applause; he is building momentum. He knows that Africa’s future will be secured by institutions that are bold enough to invest, disciplined enough to deliver, and confident enough to believe in Africa’s own capacity.”

Distributed by APO Group on behalf of African Energy Chamber.

 




 

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Libya Energy & Economic Summit (LEES) 2027 Places Infrastructure at the Center of Libya’s Energy Expansion with Dedicated Forum

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From gas processing and ports to downstream infrastructure and regional pipelines, LEES 2027 will examine the infrastructure required to support Libya’s next phase of energy growth

TRIPOLI, Libya, October 26, 2026/APO Group/ –Libya’s push to expand oil and gas production is creating a parallel requirement for investment in the infrastructure needed to process, transport and commercialize additional energy supplies. With more than $20 billion committed to the Waha concessions alone and major gas, industrial and logistics projects advancing, infrastructure integration is emerging as a key component of the country’s investment agenda.

 




 
 

Against this backdrop, the Libya Energy & Economic Summit (LEES) 2027, taking place January 23–25 in Tripoli, will feature a dedicated Infrastructure and Integration Forum. The forum will examine how Libya can convert its growing resource base into productive domestic infrastructure and stronger regional ties.

As Libya seeks to process more hydrocarbons domestically and capture greater value from refined products, the country’s National Oil Corporation (NOC) is pursuing refinery modernization and expanded petrochemical manufacturing. That strategy is being reinforced by upstream expansion, including a more than $20 billion, 25-year Waha development deal with TotalEnergies and ConocoPhillips targeting up to 850,000 barrels per day (bpd) of additional capacity.

Meanwhile, the National Development Agency has signed 13 agreements with Chinese companies for projects at the 1,000-hectare Magroun Industrial Zone, covering industrial chemicals, advancing manufacturing and construction materials. The Ministry of Industry’s 100-Day Plan is supporting the country’s wider development push through infrastructure and digital reforms aimed at improving industrial investment.

Gas provides another major infrastructure opportunity set to be showcased at LEES 2027. Eni’s $8 billion Structures A&E project is designed to move offshore gas to the Mellitah treatment plant, with infrastructure targeting 750 million cubic feet per day (mmscf/d) in 2027. The project follows the successful start-up of the Sabratha Compression Project in June 2026. Led by Eni in partnership with the NOC – through the Mellitah Oil & Gas joint venture – the project has an overall compression capacity of 440 mmscf/d.

On the maritime side, the $2.7 billion Misurata Port expansion is set to transform the facility into a major Mediterranean logistics hub, with planned capacity of 4 million containers annually and 8,400 direct jobs. The project also incorporates local supplier development, linking maritime expansion with efforts to build domestic supply chains.

Beyond domestic infrastructure Libya is strengthening its connections to regional neighbors. The country is advancing negotiations with Egypt for an 800-km Tobruk-Alexandria crude pipeline, estimated at $1.5 billion–$2 billion and targeting initial capacity of 150,000–250,000 bpd. The NOC is also working to maximize the 11-billion-cubic-meter annual capacity of the GreenStream pipeline, connecting coastal facilities in Libya to European markets via Sicily.

Taken together, these projects show an increasingly integrated Libyan investment agenda – connecting upstream production with downstream industry, gas infrastructure, logistics and cross-border energy markets. LEES 2027’s Infrastructure and Integration Forum will bring those investment opportunities together in one platform, highlighting the NOC and Ministry-led push to build the infrastructure required for Libya’s next phase of economic growth.

For more information about LEES 2027, please visit https://LibyaSummit.com/​.

Distributed by APO Group on behalf of Energy Capital & Power.

 

 




 

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