Kenya to host regional conference on oil

14:39, May 11, 2010      

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Kenya is set to host a two-day regional on conference oil to showcase East Africa as a new oil exploration frontier, organisers said on Monday.

The Eastern Africa Energy Conference which begins in Nairobi on Tuesday will examine emerging global oil and gas issues, economics and models driving the industry besides the black gold's curse among others.

"New entrants, competition and regulation, inter-fuel issues, product pricing, taxation and financing of non-hydrocarbon (oil and gas) ventures are critical issues," Global Pacific & Partners chairman and chief executive officer, Duncan Clarke said ahead of the meeting.

"The conference is part of worldwide suite of senior management events in/on Africa that we have conducted annually for over 16 years, and is endorsed by the Ministry of Energy, Kenya and the National Oil Corporation of Kenya," he said.

It showcases the regional oil/gas and energy game in Kenya, Tanzania, Uganda, Rwanda, Burundi, DRC, Sudan, Ethiopia, Eritrea, Somalia, Seychelles, Madagascar and Mozambique, and focuses on the corporate players (private and state entities) that are shaping the fast-moving dynamics one of the continent's rapidly growing energy markets - upstream, midstream, downstream, and in gas/power.

Clarke said the Nairobi conference will have insight on world and African oil industry architecture and petroleum economics fundamentals, essential for petroleum players in Africa.

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