Mahaman Moustapha Barké, Nigerien Minister of Oil, Mines and Energy, will meet other regional ministers and global investors during the African Energy Week in his active search for investments for Niger's sustainable development.

Niger is making significant progress towards its sustainable development. The country has huge proven reserves of oil and gas, as well as significant deposits of minerals and untapped renewable energy resources. As global attention increasingly turns to environmental preservation and equitable economic progress, Niger's energy sector is emerging as a focal point for investment opportunities.

As such, the African Energy Chamber (AEC) is pleased to announce the participation of the new Nigerien Minister of Oil, Mines and Energy, Mahaman Moustapha Barké, as a keynote speaker at the Africa Energy Week (AEW) conference and exhibition, scheduled for October 16-20 in Cape Town. Minister Barké will highlight the opportunities and challenges of Niger’s dynamic energy sector while providing valuable insights into promising investment prospects that can propel sustainable development in the region.

As one of the largest countries in West Africa, Niger has significant surface water resources in regions such as the Niger River Basin and the Lake Chad Basin, as well as a wealth of mineral resources, including uranium, gold, coal and oil. The country's main economic activities include agriculture, livestock, fishing and handicrafts, with exports including oil, uranium, gold, livestock, etc. As a major player in uranium and oil production, Niger, led by Minister Barké, is poised to further develop its energy sector, with ambitious goals for sustainable development.

In line with its sustainability objectives, Niger is actively diversifying its investment landscape by developing its renewable energy sector. The country has attracted considerable investor interest, driven by its abundant solar and wind resources. Savannah Energy Niger Solar notably concluded an agreement with the government to develop two solar power plants with a total capacity of 200 MW. This initiative follows a 2022 agreement between the same company and the government for a 250 MW wind project. These renewable energy initiatives will significantly improve sustainability and strengthen energy security in Niger.

Meanwhile, on the oil front, Niger is expected to begin crude oil exploitation by the end of 2023, marking a significant milestone in its oil production journey. The flagship Niger-Benin oil pipeline project is almost complete, with 98% progress. This project will increase Niger's crude production to 110,000 barrels per day (bpd) and provide access to global markets via an export terminal on Benin's Seme coast. Currently, Niger produces 20,000 b/d from the Agadem block, operated by the Chinese National Oil Company (CNPC), processed locally at the Zinder refinery.

With growing energy demand and a determined effort to exploit its abundant natural resources, the country finds itself at a pivotal moment where innovation, environmental management and economic progress converge.

“Tapping into Niger’s rich hydrocarbon reserves and exploiting its abundant renewable energy potential are not only crucial steps for the country’s sustainable development, but also a means of consolidating its role as an energy leader in the region. Increased investment and infrastructure development will not only boost Niger's economic growth, but will also significantly contribute to the energy security and environmental sustainability of the entire West African region. , says NJ Ayuk, executive president of the AEC.

Minister Barké's statements promise to be a highlight of AEW 2023, providing a unique perspective on Niger's role in the global energy landscape and its journey towards a sustainable and prosperous future.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will bring together African energy decision-makers and stakeholders with global investors to discuss and maximize opportunities across the continent’s energy sector. For more information on AEW 2023, visit https://aecweek.com