Saudi Arabia’s Deputy Minister of Energy to Provide Keynote Address at AEW 2023

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  • Saudi Arabia’s Deputy Minister of Energy to Provide Keynote Address at AEW 2023

The Deputy Minister of Energy for the Kingdom of Saudi Arabia will attend African Energy Week 2023 as a distinguished speaker, providing insights into oil, gas, and clean energy initiatives.

The African Energy Chamber (AEC) is pleased to announce Fuad Mosa, Deputy Minister of Energy for the Kingdom of Saudi Arabia, as a distinguished speaker for the upcoming African Energy Week (AEW). conference and exhibition, taking place October 16–20 in Cape Town. With an impressive background and extensive experience in the energy sector, Mosa will provide energy stakeholders, industry players, and leaders with valuable insights.

Saudi Arabia, a world leader in hydrocarbon production, export, and cutting-edge clean energy technologies, continues to pioneer innovative solutions across the entire energy spectrum. Among the most prominent projects led by Saudi Arabia’s Ministry of Energy is the Integrated Energy Strategy, aimed at optimizing the nation’s energy resources and fostering sustainable growth. Additionally, the establishment of a Data Management Office is pivotal in enhancing data-driven decision-making processes, ensuring compliance with standards, and safeguarding personal data. Furthermore, the development and operation of an Information Center is set to provide valuable economic analysis, business intelligence, and data integration for informed decision-making across various energy sectors. These initiatives underscore Saudi Arabia’s commitment to innovation, efficiency, and transparency in shaping the future of energy.

Meanwhile, the nation is actively fostering partnerships and investments through its Ministry as well as Saudi-based companies such as Saudi Aramco, SABIC, Aramco Trading, and OSP in Africa’s energy sector. The nation’s commitment to the continent is reflected in various initiatives and collaborations aimed at harnessing Africa’s abundant energy potential. One of these initiatives involves the development of a $10 billion crude oil refinery and petrochemical complex in Richard’s Bay, South Africa. The Saudi Ministry, in collaboration with Saudi Aramco and South Africa’s Central Energy Fund, is set to construct this facility, capable of processing up to 300,000 barrels of crude oil daily. This refinery, designed to handle different crude oil types, will adhere to South Africa’s clean fuels regulations and European emission standards. The project aims to decrease South Africa’s reliance on imported refined products while increasing Saudi Arabia’s presence in the nation’s oil sector.

Saudi Arabia’s influence extends to North African countries, where it contributes expertise, infrastructure, and technology. Collaborative efforts with Egypt, Algeria, and Libya have led to improved industry skills, enhanced local content, and industry expansion. Consequently, these countries have become major energy producers, reinforcing Africa’s global presence. Now, as Africa embarks on an energy renaissance for an equitable and inclusive transition, partnering with Saudi Arabia to bolster energy efficiency becomes indispensable.

The nation is also revolutionizing its gas distribution, issuing its first-ever license for liquid petroleum gas (LPG) cylinder vending machines, reflecting a commitment to convenience and competition. This move enhances gas supply security, elevates service standards, and encourages technology localization and investment in LPG activities. It aligns with Saudi Vision 2030’s economic goals and aims to become a key energy developer in the Middle East and Africa. For African nations interested in LPG, this opens doors to collaborate, innovate, and meet the continent’s growing energy needs, fostering a brighter, more sustainable energy future.

“Coupling Saudi Arabia’s rich experience in oil and gas with its innovative strides in clean energy technologies, Africa stands to gain not just energy solutions but a transformative pathway to sustainable development. By embracing this partnership, Africa can unlock its vast energy potential, create jobs, and become a global leader in the transition toward a cleaner and more just energy future,” states NJ Ayuk, Executive Chairman of the AEC.

With over two decades in the petrochemical industry, Mosa holds a Bachelor’s degree in Chemical Engineering, along with a Master’s degree and an MBA. His distinguished career includes roles at Saudi Arabia’s Basic Industries Corporation (SABIC), such as General Manager of SABIC Global Chemical Technologies and leading the Local Content Development Unit to support Saudi Arabia’s KSA 2030 Vision. Additionally, he actively serves on industry boards, driving global innovation and excellence in energy-related activities.

Initiatives led by Saudi Arabia’s Ministry of Energy, under the leadership of Mosa, offer African countries opportunities for knowledge-sharing, capacity-building, and economic growth in the energy sector. These collaborations can contribute to Africa’s energy development and its broader goals for sustainable and inclusive economic growth. During AEW 2023, there will be a Saudi-Africa Investment Roundtable, where Mosa will provide invaluable insights and drive opportunities for collaboration between Saudi Arabia and African nations. The roundtable discussion will be a place where industry leaders will share their expertise and pave the way for a prosperous and sustainable energy future.

AEW is the AEC’s annual conference, exhibition and networking event. AEW 2023 will unite African energy policymakers and stakeholders with global investors to discuss and maximize opportunities within the continent’s entire energy industry. For more information about AEW 2023, visit https://aecweek.com.