NNPC, African oil chiefs meet in Cape Town over refining, energy bank, regional trade
African national oil company leaders are scheduled to meet in Cape Town to discuss regional refining, energy financing, and cross-border trade. The forum aims to reduce the continent's reliance on imported petroleum products by fostering local infrastructure and petrochemical hubs.
Why it matters
This initiative represents a strategic shift for African nations to retain economic value from their natural resources rather than exporting raw crude.
Forum to push African financing, gas development, local refining and cross-border petroleum market
The Nigerian National Petroleum Company Limited and other leading African national oil companies will meet in Cape Town on October 12 to advance plans for regional refining, African-backed energy financing and greater trade in petroleum products across the continent.
The meeting, the eighth African Petroleum Producers’ Organization NOC-CEO Forum, will be held alongside African Energy Week 2026 and hosted by the South African National Petroleum Company.
NNPC Group Chief Executive Officer, Bashir Bayo Ojulari, is expected to join national oil company chiefs from Algeria, Angola, Ghana, Libya, Senegal, Namibia, Gabon, Cameroon and other petroleum-producing countries.
The forum comes as African governments and energy companies intensify efforts to retain more value from the continent’s oil and gas resources through domestic refining, regional gas development, local content and the mobilisation of African capital.
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