Mashatile says Oil and gas vital for Africa’s growth, development

Lerato Mbhiza

If Africa wants to expand its oil and gas sector, it will need to implement effective and sustainable carbon management techniques, Deputy President Paul Mashatile has said, while addressing the Africa Oil Week Conference in Cape Town on Tuesday.

Mashatile said oil and gas have an integral role in shaping Africa’s economic growth and development, even as the world transitions to greener and more sustainable resources. 

“Oil and gas are global commodities that have the power to inform the growth or decline of all economies. The impact on the economy due to the Russia and Ukraine conflict is a prime example of how intertwined our economies are. Still, it also reveals the levels of dependency on resource-rich and capacity-strong nations for the economic development of our countries. 

 “As a continent, we are responsible for safeguarding the interests of Africans and using all the mechanisms available to better respond