Africa Oil Governance Summit Report, 2017

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. Instituted in 2015, the summit provides a unique platiorm where stakeholders in Africa’s petroleum industry share best practices on maximizing the benefits of resource extraction through efficient governance approaches. The Africa Center for Energy Policy (ACEP) realized the need for the African continent to consolidate gains and right wrongs made from the management of petroleum resources and initiate dialogue aimed at translating the extraction of oil into socio-economic development. The center recognizes that the vehicle to this is to strengthen governance frame work that reduces incentives for corruption, builds capacity and invests revenues efficiently. The maiden summit in 2015, broadly discussed governance issues in Africa’s oil resources. It touched on contract transparency, local content issues, institutional development and revenue accountability . In 2016, the summit focused on survival strategies for Africa’s oil producers amidst low oil prices. 

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The Africa Centre for Energy Policy (ACEP) was established in 2010 to contribute to development of alternative and innovative policy interventions through high-quality research, analysis and advocacy in the energy and extractives sector in Africa.

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