By Adewale Sanyaolu
The Managing Director of Platform Petroleum, Mr. John Anim, has expressed concerns over the low oil export and poor refining capacity for Africa.
In his speech titled “Achieving African Energy Security – The Critical Role of Cross-Sector Collaboration,” at the Upstream E&P Forum session at the African Energy Week (AEW 2024) which ended at the weekend in Cape Town, South Africa, Anim emphasised that securing Africa’s energy supply will require unprecedented cooperation across industries and borders.
He further regretted that, while Africa currently exports around five million barrels of crude oil daily, it still imports nearly half of that in refined petroleum products.
Anim highlighted this supply-demand imbalance as both a challenge and an opportunity for collaborative investment.
Despite Africa’s abundance of resources, the continent, he said, remains a net importer of refined fuels, a situation Anim attributed to limited refining capacity and outdated infrastructure.
The Platform Petroleum boss underscored the urgent need for Africa to build a self-sufficient and sustainable energy future.
While highlighting the scale of Africa’s energy gap, Anim said that nearly half a billion Africans lack reliable electricity, and over a billion still depend on traditional fuels for cooking.
“Energy security is not just an economic necessity; it is a cornerstone for stability, quality of life, and shared prosperity. The time has come for us to transform ambition into action, resources into results, and potential into power,” Anim said.
Africa’s energy demand is accelerating at a record pace, driven by rapid urbanisation, industrial growth, and demographic expansion.
Anim noted that over the next decade, industrial and household energy demands are expected to skyrocket. With Africa home to nearly 7 per cent of the world’s proven oil reserves and 90 per cent of its natural gas reserves, he asserted that these resources hold the key to meeting future demand – but only if managed sustainably and strategically. He called for a new investment model rooted in partnership, where companies can share the financial burden and operational risks associated with large-scale projects.
“Africa’s path to energy independence depends on collaboration, innovation, and a supportive regulatory environment that inspires investor confidence,” Anim stated while calling on governments and private sector stakeholders to create a transparent, predictable regulatory framework to foster this cross-sectoral collaboration.
The Platform Petroleum Chief Executive urged African leaders to prioritize a collaborative approach that ensures long-term benefits remain within the continent, emphasising that without this, Africa will remain vulnerable to supply chain disruptions and external dependencies.
Platform Petroleum is a leading African oil and gas company committed to creating sustainable energy solutions for Nigeria and beyond. Through its Egbaoma Field, the company supplies over 30 million standard cubic feet of gas daily to the Nigerian domestic market, while PNG Gas, its subsidiary, produces over 20,000 tonnes of LPG annually. Platform Petroleum is also expanding into Compressed Natural Gas (CNG) and is exploring a modular refinery, reinforcing its commitment to Nigeria’s energy future and Africa’s economic progress.