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Wednesday 2 October 2024

Omar Farouk Ibrahim to Receive Mohammed S. Barkindo Lifetime Achievement Award at African Energy Week 2024


Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), has been honored with the prestigious Mohammed S. Barkindo Lifetime Achievement Award. The award will be presented during African Energy Week (AEW) 2024, taking place from November 4-8 in Cape Town. AEW is a premier event that recognizes the leaders and innovators driving Africa’s energy industry forward.

The Mohammed S. Barkindo Lifetime Achievement Award is the highest accolade in Africa’s energy sector, recognizing individuals who have made a lasting impact on the continent's oil, gas, and energy industries. Ibrahim’s leadership at APPO and his dedication to fostering inclusive, sustainable development in Africa make him a deserving recipient of this award.

As the go-to platform for energy project operators, financiers, technology providers, and governments, AEW: Invest in African Energy is the leading venue for signing major deals in the African energy sector. For more information, visit www.AECWeek.com.

Under Ibrahim’s leadership, APPO has made significant progress in advancing Africa's energy future. One of the organization's key accomplishments is the launch of the Africa Energy Bank, which aims to enhance access to financing for African energy projects. Launched in 2024 with an initial capital of $5 billion, the bank is headquartered in Abuja, Nigeria, and was developed in partnership with the African Export-Import Bank. The bank seeks to fill the investment gap in Africa's oil and gas sector by partnering with over 700 African financial institutions, ensuring projects are developed efficiently and at scale.

Beyond the Africa Energy Bank, APPO has played an instrumental part in promoting cooperation within the field of hydrocarbons both within Africa and further abroad. Ibrahim represents a strong advocate for the role oil and gas plays in Africa and has worked tirelessly to promote investment, development as well as a just energy transition across the continent. In 2024, APPO published a study on the Future of the Oil and Gas Industry in Africa in the Light of the Energy Transition, outlining three major areas of concern. These include finance, technology and markets. In the study, APPO offers strategic insight into how countries can address these challenges, while strengthening their standing as a global energy producer.

At the center of APPO’s strategy is cooperation among producing markets, and under Ibrahim’s leadership, the organization has enhanced its mission to foster fruitful collaboration and partnerships. Through ministerial meetings, roundtables, working visits, training institutes and studies, APPO aims to address the most pressing challenges and opportunities faced by Africa’s producing markets. Ibrahim – leveraging his experience as an advisor to Nigeria’s Minister of State for Petroleum Resources, Governor to the Organization of Petroleum Exporting Countries and Board Member of the Gas Exporting Countries Forum – continues to drive the organization’s goals.

“Omar Farouk Ibrahim represents the type of leader that Africa needs: one that is resolute in their approach to driving investment and development across the oil and gas value chain. Ibrahim not only recognizes the vital role hydrocarbons play in Africa, but balances the needs of the continent with an overarching goal to reduce emission and foster sustainable operations. His commitment to development, his drive for inclusive projects and his dedication to fostering a sustainable energy ecosystem in Africa makes him a perfect recipient of the Mohammed S. Barkindo Lifetime Achievement Award,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

Ibrahim will receive the Mohammed S. Barkindo Lifetime Achievement Award during the African Energy Awards ceremony at this year’s AEW: Invest in African Energy conference. Uniting global investors and project developers with African governments and projects, the conference serves as the biggest energy platform on the continent. 

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