The chief executive officer (CEO) of UK-based Heritage Oil Limited and its Nigeria subsidiary, Heritage energy Operational Services Limited (HEOSL), Ado Oseragbaje, has said, as global energy industry races towards energy transition, African countries must focus on their strategic national interests in order to sustain development and regional survival.
Oseragbaje stated this at the recent Nigeria International Energy Summit (NIES) in Abuja Nigeria.
Oseragbaje was speaking during a panel discussion with other Nigerian energy industry leaders on the role of National Oil Corporations in stimulating accelerated sustained development of hydrocarbon in Africa.
Noting that the key role of NOCs is to help drive national development in their various countries, Ado posited that, every African nation must prioritize energy security above other factors in the energy transition process.
He affirmed that energy transition should be consistent with the strategic interest of each country and region. This, he said, was accentuated by how quickly key European countries opened the coal mines in the wake of the threats to energy supplies following the Russian-Ukraine war.
“Each country is in a different phase of the energy transition, and each country must therefore prioritise to reflect strategic national and regional interests”, he added.
