AfriPet 2023: A platform to expand East Africa’s energy market

 In Media News

The Africa Petroleum Equipment Convention returns to boost the continent’s energy sector. Local retailers and distributors will gather with leading international suppliers at the Sarit Expo Centre in Nairobi to experience one of the biggest events of the region on July 18-20.

After a long break forced by the pandemic, the Africa Petroleum Equipment Convention (AfriPet) will celebrate its second edition on July 18-20. The Sarit Expo Centre in Nairobi, Kenya, will welcome over 5,000 delegates from East Africa’s fuel retail sector alongside global exhibitors. The trade fair aims to boost the development of the region’s energy market.

The three-day event will return this year to create new business opportunities for local companies and global manufacturers. Amidst a challenging time for mobility companies around the world, the trade show seeks to resume its biennial schedule and become a platform that can foster the improvement of the region’s distribution and storage capabilities. Africa finds itself at a turning point that could trigger a major shift in the market.

With the European Union’s ban on Russian energy imports forcing it to look for new suppliers, African companies are looking to stake claim as the territory has 13% of the world’s natural gas reserves as well as 7% of its oil. The continent first needs to establish a reliable infrastructure to meet the local demand, which requires approximately two-thirds of its production, according to the latest Africa Energy Outlook report by the International Energy Agency. Key projects across the region need to be completed, such as the construction of the East African Crude Pipeline by Uganda, and platforms such as AfriPet play a key role in that process.

The first edition of the event was established under the theme of “Petroleum Solutions for the Future”, aiming to create connections necessary for the market’s prosperity. Its next edition will delve into the region’s upcoming challenges by showcasing “The Future of Petroleum Conversations”. Under this tagline, the trade show’s agenda will focus on dissecting core aspects of quality, safety, and value across the Eastern African territory so it can attain more sustainable petroleum solutions.

“This year’s edition is bigger and better! The Sarit Expo Centre in Nairobi, Kenya is the best venue as it has completed a major expansion of its facilities. We now have more space to accommodate over 5,000 delegates and over 100 exhibitors. Coming at a challenging time for retail businesses around the world, this year’s edition is expected to tackle how the industry can navigate a sustainable transformation,” says Florence Wanjiru, Board Chairperson at Alison and Davis Group, the convention’s organizer.

AfriPet’s three-day convention format was established to provide participants with varied networking opportunities for industry professionals and potential investors. Activities are designed to support interactions between suppliers, government representatives and consumers alongside a conference program that delves into future energy developments with a distinguished ensemble of speakers. Attendees will also have access to in-depth scientific advances for equipment solutions with industry experts.

Relevant industry insights alongside informed discussions are key to achieving AfriPet’s mission to drive the continent’s market forward. The event will channel these elements on July 18-20 to help create new business opportunities and push the industry forward.

This article is available on PetrolPlaza

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