OPEC Secretary-General Haitham Al-Ghais has urged Africa to unlock its 120 billion barrels of proven oil reserves and attract vital investments to maximise the continent’s energy potential.
Speaking at the Nigeria International Energy Summit (NIES) 2025 in Abuja, Al-Ghais highlighted Africa’s 18 trillion standard cubic metres of natural gas, reinforcing its critical role in the global energy landscape. He stressed that the continent’s vast resources should not be sidelined in favour of Western-driven energy transition agendas.
He also pointed out that stability in the oil market is essential to attract the $17.4 trillion investment required by 2050 to sustain the industry.
OPEC maintains a strong presence in Africa, with member countries including Nigeria, Algeria, Libya, Congo, Gabon, and Equatorial Guinea. Al-Ghais encouraged investors to explore Nigeria’s oil and gas sector, acknowledging the nation’s significant contributions to OPEC’s successes.
Credit: NAN (Text Excluding Headline)
