.Says event brings leading minds across the energy value chain to drive industry forward.
CHIGOZIE AMADI
Mr. Adetunji Oyebanji, Chairman of Advisory Board, OTL has reiterated that OTL Africa Downstream Energy Week is a Vital Platform for operators and other critical stakeholders to discuss Collaboration, and Innovation of Africa’s Downstream sector.
Oyebanji stated this while delivering his welcome address at the 18th edition of OTL Africa Downstream Energy Week, stressing that the conference over the years, has grown into a vital platform for discourse, collaboration, and innovation within Africa’s downstream sector.
Oyebanji stated further each year OTL brings together leading minds across the energy value chain to exchange insights and ideas and to strengthen the connections that drive the industry forward.
“This year’s event takes place against the backdrop of two major industry milestones. First, the recent full deregulation of Nigeria’s downstream sector, along with the shift to a market-based gasoline pricing system, marks a fundamental change in our market. Deregulation introduces new opportunities for competition, transparency, and efficiency, while market-based pricing sets a pathway for stability and fair value distribution across the supply chain, he added.”
The event also gives opportunity to celebrate commissioning of long-awaited Dangote Refinery, a project of enormous scale and significance. With a capacity of 650,000 barrels per day, this refinery is not only a testament to Nigeria’s industrial capacity but a transformative development for the entire West African region. “Together, these two milestones will shape industry dynamics for years to come, impacting everything from refining operations and distribution to market competition and consumer access.”
At present, there are key players from across the midstream and downstream sectors, spanning various industries and specialities. From refiners and marketers to regulators, technology providers, and service partners, the presence is invaluable.
The Chairman Advisory Board of OTL encouraged participants to take full advantage of the unique gathering. “Whether you’re here to share best practices, explore new partnerships, or showcase cutting-edge technologies, this is a space to drive meaningful change and innovation together.”
Oyebanji said this year’s program is designed to cover a comprehensive range of topics central to the industry’s future.
Highlights of OTL event include:
Energy Markets: Product Flows and Supply Outlook – the conference will explore how global and regional trends are reshaping the supply and demand landscape in Africa, giving us critical insight into the market’s trajectory.
Issues in Pricing Policy, Profits, and Market Access: since the market-based pricing is a reality, this session will address its impact on profitability, market accessibility, and fair pricing practices for consumers and industry players alike.
Refining Operations and Petroleum Value Chain Dynamics: With the addition of the Dangote Refinery, Nigeria is on the brink of an unprecedented refining capacity shift.
The session will look at how these changes impact the broader petroleum value chain.
New Energy Order: Gas, LPG, CNG, LNG, and Renewables: seeking sustainability, alternative energy sources are crucial.
According to the OTL Chairman, this session will address role of gas, either LPG, CNG, and renewables, in building a balanced and resilient energy landscape for Africa.
Issues in Shipping Petroleum and Crude Oil Cargoes: As petroleum shipping faces regulatory and logistical hurdles, this discussion will examine how we can streamline and secure this critical part of our value chain.
Petroleum Margin Management and Bottom-Line Efficiency: this session will provide insights into strategies for enhancing margins and maximizing efficiency in an increasingly competitive market.
Lubricant Market Trends: stakeholders will explore trends and innovations in the lubricants sector, crucial for downstream operations and industrial growth.
Downstream in the Age of Artificial Intelligence: AI is transforming the industry, from optimizing supply chains to enhancing customer engagement. This discussion will delve into how AI can drive growth and streamline operations.
Oyebanji clearly noted that these sessions are designed not only to inform but to inspire actions and encouraged active participation, network, and collaboration towards sustainable, resilient future of the industry which Africa deserves.
