Ministry of Petroleum sets to host NIPS in 2020

The Permanent Secretary, Ministry of Petroleum Resources Dr Folasade Yemi-Esan, has said the ministry is set to host the third edition of annual Nigeria Petroleum Summit (NIPS) in Abuja in the year 2020.

The event has rapidly grown to become Africa’s premier business and technology conference for not just oil and gas, but also for automobile, banking and finance, power (electricity), pipelines, LNG, infrastructure, engineering and construction amongst others.

Like the previous editions, the Federal Ministry of Petroleum Resources has the responsibility of hosting the next edition of NIPS from February 9 to 13, 2020 on behalf of the Federal Government of Nigeria.

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The summit attracts as many as 3,000 top-level international and national oil executives yearly to meet minds on rich potential of a region in order to increase the participation of anyone doing business and investing in Nigeria and the rest of Africa’s oil and gas upstream, midstream, downstream, power, and services industries.

The theme of NIPS 2020 is ‘Widening the Integration Circle: Technology, Knowledge, Sustainability and Partnership’ and will seize the momentum of the country’s historic 60 years of independence to showcase the rich culture of the most diverse country in Africa along with new oil, gas, and energy technologies, platforms, major contract signing and strategies for growth.

As a vested partner and global hub of leading oil and gas, electricity and renewable business, research and development, production, refining and with its petrochemicals and gas products distributed around the world, Nigeria is a perfect venue and natural location to convene an African-focused event and global leaders intent on shaping the future of one of the world’s most important industries of this nature.

NIPS2020 will bring thousands of top minds in this industry to Abuja from across the globe to attend and engage in presentations and cutting edge technical tours to gain valuable insight into industry trends, not just for Nigeria, but also for Africa to engage the global energy community.

NIPS2020, the Nigeria government official petroleum event to fully integrate the finance, automobile, power, construction  sector with oil and gas, will address urgent issues in Africa’s development, including the expansion of upstream oil exploration in new areas; balancing the needs of Africa’s oil producing and consuming countries; the role of gas-to-power in lighting Africa; the need to innovate in the power sector, including renewables and the importance of using oil and gas as a lightning rod to spur growth and economic development.