GBP global resources; the future of Oil in Africa
Energy consumption trends in Africa are worrying. Despite hosting 15% of the world’s population, it consumes a meager 3% of the world’s energy.
Africa boasts of vast energy reserves, yet her population can’t access it. Projections state an increase in population, events that are likely to affect the struggling energy sector.
Africa has the potential to influence the global energy market with proper exploitation.
GBP global resource perspective
According to Boris Ivanov, the founder of GBP global resource, the global market is experiencing unprecedented changes. Based on Ivanov’s insights, shale production in North America is causing this.
Analysts in the oil sector project shortage in oil supply. The deficit will force agencies to either explore or depend on their understocked reserves. Shift to green energy is a challenge to companies investing in oil exploration.
Latest exploration
The Discovery and potentiality of oil reserves in Africa have attracted many investors. Kenya exporting oil worth $12million, made investors such as Tullow consider investing in pipeline networks in the East African region.
Africa’s potential for green energy is an advantage to investors. According to Ivanov, Africa’s 40% energy by 2040 will emanate from renewable sources.
Foreign investments in Africa’s energy sector will boost the global market, as well as enabling the continent to meet her energy needs. Another added advantage is Africa’s geographical position. Proximity to international import markets like Asia and Europe attract massive foreign investments.
Financial planning
Maximizing profits from considerable investments is a turn-on to smaller companies. Innovative funding methods will maintain the cash-flow and earn for investors.
Big companies can get credit due to their positive credit scores. Small companies are struggling to access credit, especially for deep drilling, considered a massive risk by lenders.
GBP GR is not affected. According to Ivanov, the company has attracted increased interest in African projects, credits to economic growth in the region.
About GBP global resources
A brainchild of Boris Ivanov, the company boasts of international presence. A diplomat by profession, Ivanov kick-started his career in the oil industry after leaving the public service. He worked briefly with Gazprom Group before launching GBP Global Resources B.V.