Event

Instituted in 2015, the Africa Oil Governance Summit is an annual event that brings together stakeholders in Africa’s petroleum industry to deliberate on emerging governance issues in the sector. The Africa Centre for Energy Policy (ACEP) realized the need for the African continent to consolidate gains and right wrongs made from management of petroleum resources and to initiate dialogue aimed at translating the extraction of oil into socio-economic development. The Centre recognizes that the vehicle to this is a strengthened governance framework that reduces incentive for corruption, builds capacity and invest revenues efficiently. The maiden Summit in 2015 broadly discussed governance around Africa’s oil, touching on contract transparency, local content, institutional development, and revenue accountability. In the 2016 edition, the summit focused on the survival strategies for African oil producers amidst low oil prices. This year, the discussion will anchor on open contracting and how African countries can recognize that as key for transparency and ultimate determination of national take.