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Samsung Part of 30-Year Anniversary Commemoration: #SAKoreaRelations Strategic Partnerships

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Samsung South Africa has re-affirmed its commitment to continue making incredible strides forward in its long-term vision for the country

JOHANNESBURG, South Africa, October 28, 2022/APO Group/ — 

South Africa and the Republic of Korea is commemorating the 30th anniversary of diplomatic ties and Samsung (http://www.Samsung.com/africa_en) has been part of the government discussions on continued bilateral relations between the two countries and other strategic partnership agreements.

These  engagements of strategic partners are a follow-up to the initial discussions in August that the global CEO of Samsung, Mr. Jong-Hee Han had during his recent visit in South Africa – where he met with the Minister of Trade, Industry and Competition, Mr. Ebrahim Patel as well as the Minister of International Relations and Co-operation, Dr Naledi Pandor. Mr Han’s visit focused on the company’s long-standing partnership, its long-term vision and continued collaboration with the South African government and possible future opportunities for growth and further investment.

Also, as part of Mr. Han’s discussions with the South African government in the August visit was South Korea’s Busan World Expo 2030 bid with both Ministers with the view of getting support locally for the bid. Importantly, World Expo’s are focused on creating a better future for all humankind and therefore fit perfectly into Samsung’s vision for the upliftment of humanity through technology and innovation. Samsung believes the World Expo being hosted in Busan during the 2030 edition would be the perfect platform to share its technological advancements and how it views technology as the main catalyst for an eco-friendly and green future in line with the United Nations’ Sustainable Development Goals.

The Embassy of the Republic of Korea in South Africa, the Korea-Africa Foundation (KAF) and the South African Institute of International Affairs (SAIIA) recently hosted a seminar commemorating the 30-year milestone of diplomatic relations and trade agreements between the Republic of Korea and South Africa. In this seminar, Ambassador Ms. Ntombizodwa M Lallie, Deputy Director General at the Department of International Relations and Co-operation for South Africa (DIRCO) delivered congratulatory remarks where she acknowledged and emphasized the importance of honouring the obligations made – referring to the recent meeting between Samsung’s global CEO, DIRCO and DTIC Ministers on Samsung’s commitment and ambitions in contributing to South Africa’s economic transformation and prosperity.

On 12 October 2022, Minster Pandor paid a courtesy visit to the Samsung Headquarters in South Korea during her official visit to South Korea to mark the 30-year anniversary of diplomatic ties. This time she met Samsung Electronics President, Mr. Rhee In-yong and had further discussions in an effort to continue strengthening the existing strategic partnership.

Samsung has acknowledged the importance of the long-standing relationship and the critical role that Minister Pandor, who was previously the Minister of Education and most importantly, the Minister of Science and Technology – has played in strengthening the strategic partnership between the company and the South African government. The Minister’s track record and experience in these key government departments aligns perfectly with Samsung’s agenda around Education and Technology. Samsung has a number of empowerment, entrepreneurial and skills-based projects in the ICT sector in which it operates in.

These ongoing collaborations and empowerment initiatives are designed to make a difference to all people

Inspired by the transformative power of economic investment that took South Korea from one of the poorest countries in the world to one of the most successful economies, Samsung South Africa has re-affirmed its commitment to continue making incredible strides forward in its long-term vision for the country. This is reflected in the company’s continued investment in the country coupled with its Level 1 – BBBEE Rating for four (4) consecutive years, which is aligned with Samsung’s dedication to remain an active contributor to the future of the South African economy and strong supporter of economic transformation.

Importantly, Samsung has re-affirmed its commitment to continue building on the landmark multimillionaire Equity Equivalent Investment Programme (EEIP), which is already celebrating over three years of sustained success. Launched in May 2019 in partnership with the Department of Trade, Industry and Competition (DTIC) and sector support from the Department of Communications and Digital Technologies (DCDT), this programme is expected to have a measurable impact on job creation with a projected contribution of over a billion rands to the South African economy at large.

Samsung’s 10-year plan aims to address key developmental aspects linked to the National Development Plan and the overall transformation of the economy. Samsung’s EEIP programme is aligned to the DTIC’s Black Industrialisation programme through e-Waste recycling and beneficiation, which has seen an investment in two black, female-owned entities who now operate in the full value chain of e-Waste. It also has a strong focus on enterprise development and capacity building in ICT through scarce skills development. In addition, Samsung is developing 4IR skills in partnership with a number of institutions of higher learning in South Africa.

South African youth are gaining artisanal and electronics skills through the Samsung Engineering Academy programme as well as coding, software development, IOT and artificial intelligence skills through the Samsung Innovation Campus programme. Additionally, learners in grades 10 & 11 will be encouraged to solve social issues in their communities through Samsung’s Solve for Tomorrow STEM competition, which is being piloted in 51 schools across the country.

Ultimately, as part of a global community, these ongoing collaborations and empowerment initiatives are designed to make a difference to all people.

Samsung proudly supports Busan’s bid for the World Expo 2030.

Distributed by APO Group on behalf of Samsung Electronics Co., Ltd..

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

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

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

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

 

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