Connect with us
Anglostratits

Business

African Energy Chamber (AEC) Voices Support for Venezuela, Emphasizing Stability as the Gateway to Energy Recovery and Long-Term Growth

Published

on

African Energy Chamber

Stability is the key to unlocking Venezuela’s vast energy potential, restoring investor confidence and enabling oil and gas to drive economic recovery, unity and long-term growth

CARACUS, Venezuela, January 5, 2026/APO Group/ –Venezuela enters 2026 amid heightened uncertainty following the detention of the country’s president by the United States and the subsequent announcement by the supreme court that Delcy Rodríguez has assumed the role of Acting President. These developments have placed renewed focus on the importance of institutional continuity and stability at a moment when Venezuela’s economic and energy future hangs in the balance.

 

For the African Energy Chamber (AEC), stability remains the single most critical requirement for development. Venezuela holds the largest proven oil reserves in the world, a resource base with the potential to transform the country’s economic trajectory, rebuild infrastructure and restore energy security. Realizing this potential, however, will depend on predictable governance, responsible resource management and the creation of mutually beneficial contractual frameworks that encourage long-term investment. At this critical juncture, the AEC calls on the energy industry and the international community to provide maximum support to Acting President Rodríguez, encouraging unity, institutional continuity and a nationally driven development agenda.

 

“This is the time to continue encouraging everyone to invest in Venezuela. We call on African states and leaders as well as the Global South to give the Acting President and the Venezuelan people support as they determine their future, sovereignty and how they want to proceed,” stated NJ Ayuk, Executive Chairman, AEC.

 

The AEC has long-held a strong working relationship with both Acting President Rodríguez and Venezuela at large. For her part, Acting President Rodríguez – who also serves as Oil Minister – has long-supported Africa’s right to use its oil resources to better the lives of its people. Under her leadership, the country – through its state-owned PDVSA – has developed strong international ties with Africa. Looking ahead, the Chamber believes that the Global South stands to benefit from continued multilateral, respectful engagement.

 

Importantly, Venezuela is not isolated from the Global South’s energy dialogue. As a founding member of OPEC, Venezuela has spearheaded the inclusion of African countries in the organization, recognizing their role in stabilizing global energy markets. Meanwhile, as an Honorary Member of the African Petroleum Producers’ Organization, the country has long recognized the value of South-South cooperation, shared technical expertise and collective approaches to resource development. This relationship underscores Venezuela’s alignment with producer nations that view hydrocarbons not as a liability, but as a development tool capable of driving industrialization, energy security and social progress when managed responsibly.

 

Beyond that, Venezuela continues to lead capacity building programs with African companies and students. The country trains African students, fosters leadership development and opens opportunities for African companies to invest in the country – not only in energy but various other sectors.

We call on African states and leaders as well as the Global South to give the Acting President and the Venezuelan people support as they determine their future

 

For Venezuela, oil remains the backbone of the economy and the most powerful lever available to accelerate recovery. Even after years of decline, hydrocarbons still account for close to 90% of export revenues and more than half of government income, while contributing an estimated 17% to 20% of GDP. Venezuela holds the world’s largest proven oil reserves at approximately 303 billion barrels, representing around 17% of global reserves. At current and projected oil prices, the in-ground notional value of these resources is measured in the tens of trillions of dollars, placing Venezuela among the most strategically significant energy geographies in the world.

 

Production realities, however, highlight both the scale of the challenge and the opportunity ahead. After collapsing to roughly 300,000 barrels per day (bpd) in 2020, output has recovered to approximately 900,000 to 1.1 million barrels per day as of early 2026. This remains far below the historical peak of 3.4 million bpd reached in the late 1990s, but it demonstrates that Venezuela’s industry is not irreparably damaged. With stable governance, regulatory clarity and sustained investment of around $10 billion per year, production in the country has the potential to reach 2.5 million bpd over the next decade, with a return to peak levels requiring cumulative investment in the range of $80 billion to $100 billion.

 

The heart of this recovery lies in the Orinoco Heavy Oil Belt, which covers some 55,000 km2 and contains nearly 90% of Venezuela’s reserves. Blocks such as Petropiar, Ayacucho and the Zuata Complex anchor current output, though the extra-heavy nature of the crude means that access to dilutants, upgrading capacity and modern technology will be essential. Alongside oil, offshore natural gas presents an important diversification opportunity. Projects such as the Dragon field, estimated to hold more than 4 trillion cubic feet of gas, and the Cocuina-Manakin development near Trinidad offer pathways to monetize gas through regional LNG markets, support power generation and reduce the economy’s overreliance on crude exports.

 

Infrastructure rehabilitation will be equally critical. Venezuela’s refining system, with nameplate capacity of around 1.46 million bpd, is operating at just 10% to 20% due to decades of deferred maintenance. Pipelines, many of them more than 50 years old, require billions of dollars in upgrades, while the country’s state-owned Petróleos de Venezuela, S.A. estimates total infrastructure needs of roughly $58 billion to restore functionality across the value chain. These investments have the potential to become employment engines and confidence signals that can rapidly improve domestic economy conditions.

 

International participation, mutually-beneficial investment terms, transparency and local involvement will be indispensable in this process. Existing involvement by companies such as Chevron, which currently produces around 240,000 to 250,000 bpd through joint ventures, illustrates the catalytic role that experienced operators can play. European firms including Eni, Repsol and Shell, alongside service providers such as SLB, Baker Hughes and Halliburton, have maintained a presence focused on asset integrity and selective growth under constrained conditions. By evolving into mutually-beneficial contracts, these relationships can form the backbone of a broader re-engagement by the global energy industry.

 

“Venezuela sits atop extraordinary natural wealth, and the lesson from Africa is clear: when stability is prioritized and the energy sector is allowed to function responsibly, hydrocarbons can drive recovery, unity and long-term development. The industry and the international community must come together at this critical moment,” concluded Ayuk.

Distributed by APO Group on behalf of African Energy Chamber.

Business

Nigeria and Senegal Must Follow Ghana and Mozambique Against Exclusionary Practices

Published

on

African Energy Chamber

African private sector leaders call for withdrawal from Frontier Energy events that marginalize local talent, championing inclusion, fair contracting and the Alliance model of partnership

JOHANNESBURG, South Africa, April 10, 2026/APO Group/ –The African private sector is raising the alarm over Frontier Energy Network’s policies that systematically exclude African professionals and service providers from meaningful roles in major energy forums. Such exclusionary practices threaten decades of progress in African energy development, including local capacity building, knowledge transfer and economic participation.

Frontier’s approach, framed as a global platform for Africa, is in practice a system that extracts value from the continent while denying Africans the opportunities to lead, participate and benefit. Marginalizing the very people who build, operate and sustain energy projects is not partnership – it is structural exclusion masquerading as opportunity.

African businesses – particularly in Nigeria and Senegal, which drive regional growth – must reassess their participation in platforms that perpetuate these policies. African capital, sponsorship and attendance cannot continue to legitimize forums where local stakeholders are systematically sidelined. Market access must be earned and mutually respected.

Mozambique and Ghana have already set a precedent. In March 2026, Mozambique’s oil and gas industry withdrew from the Africa Energies Summit in London, citing repeated failures by the organizers to improve diversity, transparency and inclusion of Black professionals in leadership, contracting and deal-making roles. In early April 2026, the Ghana Energy Chamber followed suit, formally pulling out of the same summit over discriminatory hiring practices that sidelined African professionals, executives and service providers. These coordinated actions send a clear message: Africa will no longer support platforms that deny its talent the right to lead, contribute and benefit.

Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent

The gold standard for companies to thrive in Africa is robust collaboration with international partners while building local capacity – exemplified by Senegal-based energy services company Alliance Energy. Alliance has advanced African expertise in the sector, notably supporting the launch of the National Institute for Petroleum and Gas in Senegal to train young professionals for leadership roles, while backing diverse energy initiatives across power, solar, gas and wind that strengthen Senegal’s position as a regional energy hub.

This success demonstrates that African companies flourish when local talent, leadership, contracting and workforce development are central to execution, alongside strategic partnerships with the US, UK and Europe. Any entity attempting to operate in Africa without a commitment to hiring or contracting local professionals threatens not only the ecosystem that nurtured companies like Alliance Energy but also the continent’s broader ambition to grow regional capability, ownership and sustainable energy development.

“The message is simple,” says Dr. Ndjuga Dieng, Managing Director of Alliance Energy. “Africa will no longer sit quietly while its talent is excluded from opportunities on its own continent. Nigeria, Senegal and all African nations must follow the lead of Ghana and Mozambique by standing against platforms that discriminate. Protect your people, your companies and your energy future. Inclusion is not optional – it is the foundation of growth.”

African energy markets have historically thrived on collaboration, both within the continent and with international partners. Events such as the Offshore Technology Conference (OTC) and the Invest in African Energy (IAE) Forum exemplify this model, integrating African executives, policymakers and service providers into core programming, deal-making and knowledge transfer.

African stakeholders must prioritize platforms that respect local content, equitable hiring and fair contracting. Strategic withdrawal from exclusionary events is not isolationism – it is a stand for principle, economic logic, and the future of Africa’s energy sector. The continent defines its own trajectory and will engage only with partners that recognize African talent as integral, not optional, to the industry’s future.

The position advanced by Alliance Energy aligns with broader advocacy across the continent, including that of the African Energy Chamber, which has consistently called for stronger local content policies, fair contracting practices and greater inclusion of African professionals across the energy value chain. This alignment underscores a growing consensus among African private sector leaders that sustainable industry growth depends on meaningful participation by local companies and talent, not their exclusion.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Sheraton Nouakchott marks the entry of Marriott International in Mauritania

Published

on

Nouakchott

As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation

We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country

NOUAKCHOTT, Mauritania, April 10, 2026/APO Group/ –Sheraton Hotels & Resorts, part of Marriott Bonvoy’s (www.Marriott.com) portfolio of more than 30 hotel brands, recently celebrated the opening of Sheraton Nouakchott Hotel (https://apo-opa.co/4t3YGO4), marking the entry of Marriott International into a new territory, Mauritania. Since opening its doors, Sheraton Nouakchott has, positioned itself as a new hub for business, events and leisure in the Mauritanian capital.

 

Nouakchott, the capital of Mauritania, is a coastal city where tradition and modernity meet. Nestled between the vast Sahara and the Atlantic Ocean, it serves as a gateway to the country’s breathtaking natural landscapes, from golden dunes and tranquil oases to rugged coastlines and untouched desert plains. As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation.

Ideally located near iconic landmarks such as the Marché Capitale and the National Museum of Mauritania, as well as Nouakchott’s beaches and fishing port — and just a short distance from the desert — Sheraton Nouakchott offers an ideal base from which to discover the destination.

“We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country. Since welcoming our first guests, the hotel has quickly established itself as a destination for both travellers and the local community. This milestone underscores our commitment to delivering exceptional hospitality experiences in emerging markets, while celebrating the culture and character of each destination,” said Sandra Schulze‑Potgieter, Vice President, Premium, Select & Midscale Brands, Europe, Middle East & Africa, Marriott International.

Local design inspiration

Traditional crafts, from wood carving to metalwork, are woven throughout the hotel’s materials and furnishings, creating spaces that feel both rooted and refined. Every detail tells a story of local artistry, heritage and place, offering guests an immersive experience inspired by Mauritania’s cultural and natural beauty.

Inspired by the legendary landmarks along the Trans‑Saharan trade route, the hotel’s design blends regional heritage with contemporary elegance. The circular ceiling of Feast restaurant draws inspiration from the Richat Structure, also known as the Eye of Africa. Earthy tones and organic materials reference the dramatic landscapes of the Adrar Mountains, while patterns inspired by Chinguetti and Oualata are reinterpreted throughout guest rooms, public spaces and Bene restaurant.

Meeting spaces echo the stone architecture of Tichitt, one of West Africa’s oldest towns and a historic caravan hub.

Guest rooms and suites with local charm

Sheraton Nouakchott features 200 spacious guest rooms and suites, including two Presidential Suites, combining contemporary comfort with subtle local touches. All rooms are equipped with the latest technology and Sheraton signature amenities, including the iconic Sheraton Sleep Experience.

The Sheraton Club offers Marriott Bonvoy Elite members and Club guests an elevated, all‑day experience, with curated food and beverage offerings, premium amenities, enhanced connectivity and a private environment designed for both productivity and relaxation.

Local flavours meet international influence

The hotel features two restaurants, a Lobby Bar and a Pool Bar. Feast, the all‑day dining restaurant, serves locally inspired and international dishes made with seasonal ingredients. Bene offers an immersive Italian dining experience in a warm, inviting setting. The Lobby Bar provides a relaxed meeting point from morning coffee to evening gatherings, while the Pool Bar offers refreshing drinks and light bites by the outdoor pool.

 

Facilities offering a resort feel in the heart of the city

Despite its central urban location, Sheraton Nouakchott delivers a resort‑like atmosphere, centred around an expansive outdoor pool. Guests can maintain their fitness routines in the fully equipped fitness centre — featuring separate floors for women and men, hammam and sauna — or enjoy the outdoor tennis court. The Sheraton Spa features three treatment rooms, offering a peaceful retreat after a day of exploration or meetings.

Meetings & events curated to perfection

Sheraton Nouakchott offers more than 2,600 square metres of flexible Meetings & Events space, including a Grand Ballroom, a Ballroom and four additional meeting rooms. A signature Sheraton Community Table sits at the heart of the hotel, providing a welcoming space for informal meetings, remote work and collaboration. A dedicated events team ensures seamless delivery from concept to execution.

Gatherings by Sheraton

In line with Sheraton’s global community‑centred approach, Sheraton Nouakchott hosts Gatherings by Sheraton, curated weekly experiences designed around enrichment, renewal and local stories. Guests and locals can take part in Mauritanian mixology sessions using local mint tea and fruits, or storytelling evenings inspired by Saharan traditions.

Distributed by APO Group on behalf of Marriott International, Inc..

Continue Reading

Business

African Energy Chamber (AEC) Supports Perenco Partnership to Advance Industry 4.0 Skills in Central Africa

Published

on

African Energy Chamber

The African Energy Chamber welcomes Perenco Cameroon and Perenco Gabon’s partnership with UCAC-ICAM to launch an Industry 4.0 lab, advancing local skills development and strengthening Africa’s industrial future

JOHANNESBURG, South Africa, April 9, 2026/APO Group/ –A new partnership between Perenco Cameroon, Perenco Gabon and the UCAC-ICAM Institute in Douala to establish an Industry 4.0 laboratory marks a significant step toward aligning academic training with the evolving needs of the energy and industrial sectors. The facility will give students access to advanced automation, digital simulation and smart production technologies, helping close the gap between academic learning and the practical, industry-ready skills required across Central Africa’s industrial landscape.

 

As the voice of Africa’s energy sector, the African Energy Chamber (AEC) welcomes the initiative as a scalable model for local content development. By equipping students with Industry 4.0 capabilities, the laboratory directly supports the Chamber’s mandate to ensure greater in-country value creation and workforce participation across Africa’s energy value chain. The initiative also addresses critical skills shortages, enabling operators to increasingly rely on locally trained talent.

 

Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa

The partnership underscores Perenco’s long-term commitment to sustainable development and capacity building in Cameroon and Gabon. Designed as a mini-factory, the UCAC-ICAM laboratory enables students to engage with real-world industrial tools and processes. This hands-on approach will support the development of engineers and technicians capable of contributing to key projects, including operations in the Rio del Rey Basin and infrastructure developments such as the Cap Lopez LNG terminal in Gabon.

 

Students across multiple disciplines will benefit from hands-on exposure to the lab’s advanced technologies. General Engineering students will train using robotic systems and virtual reality simulations, while Computer Science Engineering students will focus on industrial IoT and smart technologies. Process Engineering students will gain experience in automated production systems, and Petroleum program students will develop expertise in energy systems and instrumentation control. Graduates from UCAC-ICAM are being actively recruited by leading companies operating in Douala, reflecting growing demand for locally trained, industry-ready talent.

“Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa,” says NJ Ayuk, Executive Chairman of the AEC. “This partnership demonstrates how industry and academia can work together to create a highly skilled workforce that will drive Africa’s industrialization and energy future. It is exactly the type of initiative needed to ensure Africans play a leading role in developing the continent’s resources.”

The UCAC-ICAM laboratory represents a strategic investment in Africa’s industrial and energy future. By strengthening local capacity, advancing technology adoption and supporting independent operators, the initiative aligns with the AEC’s broader vision of a self-sufficient and globally competitive African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending