Godfrey Moagi, CEO of the South African National Oil Company (SANPC), has recently been appointed as the President of the African National Oil Company CEOs Association (APPO). This leadership change was announced on Monday during the eighth annual meeting of the CEOs of national oil companies at the Africa Energy Week 2026 in Cape Town.
Godfrey Moagi's New Priorities
In his acceptance speech, Moagi outlined three key priorities: developing refining capacity, financing strategic energy projects, and strengthening technical skills in Africa's oil and gas workforce. He emphasized the importance of synergy between processing capacity and market demand, stating that African countries would not be able to sustain refineries without reliable markets for their products.
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Developing Energy Security in the Region
Moagi also pointed to disruptions and vulnerabilities related to energy flows through the Strait of Hormuz and stressed the need to strengthen regional energy security. He also emphasized the urgency of establishing an African Energy Bank to finance energy infrastructure projects that face challenges in securing funding from Western institutions.
Moagi's third priority is to enhance cooperation among African national oil companies to develop the technical expertise and workforce needed to support the energy value chain on the continent. He stressed the importance of collaboration in this area, stating that such partnerships could improve economic conditions and ensure sustainable energy in Africa.
Challenges Ahead
At the end of his speech, Moagi addressed the challenges facing the African oil and gas industry and emphasized the necessity of collective efforts to overcome these challenges. He stated that the future of energy in Africa must be secured through collaboration and synergy among all stakeholders. This point is particularly crucial in the current context of rising energy demand.
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