bp Returns To African Energy Week 2023 As Platinum Sponsor
bp Returns To African Energy Week 2023 As Platinum Sponsor. British multinational oil and gas company bp has long-represented an important partner for African countries. Considered to be one of the world’s ‘supermajors,’ the multinational has operated in the continent for more than 100 years, spearheading activities across the entire energy value chain including oil and gas exploration, crude oil production and refining, and distribution and storage. Having established itself as a major player in the African oil and gas industry, the company is broadening its energy portfolio under efforts to decarbonize operations, grow low carbon sectors and reimagine energy for people and the planet.
The company’s South African subsidiary has been at the forefront of the country’s energy development, spearheading projects and progress across the exploration, production and retail industries. As bp South Africa and the larger group usher in a new era of energy expansion in Africa, the African Energy Week (AEW) conference – taking place from October 16-20 in Cape Town – serves to support this agenda, providing a platform for deals to be signed that will consolidate bp’s role and contribution towards Africa’s energy future.
bp South Africa is making its return to AEW as a Platinum Sponsor, thereby taking on a central role in the event. The company’s high-level sponsorship speaks to caliber of the event as well as to its role in facilitating investment and driving development across the African energy sector. Following a successful 2022 edition whereby bp also participated as a platinum sponsor at AEW as well as scooped the Environmental, Social and Governance Leader of the Year Award, bp’s participation at AEW 2023 is a testament to the company’s commitment to driving growth across Africa’s energy market while advancing local content development, infrastructure rollout and a just and inclusive energy transition.
bp’s South African subsidiary has positioned itself as one of the largest oil companies in the country. The company has over 500 fuel stations across the country and holds a 50% share in South Africa’s largest refinery: SAPREF – which is responsible for 35% of the country’s refining capacity. The company also has six storage terminals and through partnerships across the marine, aviation and industry sectors, bp South Africa represents a major supplier of fuel products.
In addition to supplying critical fuel products for the country, bp South Africa places sustainability at the center of all of its operations. The company was one of the first in the petroleum industry to conclude a Broad-Based Black Empowerment transaction in 2001 and also actively contributes to the development of local logistic supply chains; prioritizes skills and technology transfer through training workshops and programs; and employs over 1,000 South Africans. On the environmental side, the company aims to become net zero by 2050 or sooner and actively invests in low carbon solutions.
