Lawyer and Oil and Energy Expert NJ Ayuk, shares important insights and updates on the relations of current oil trends, news, and backstory of using exports.
The
attention is now set on Africa’s potential to deliver profitable resources
in the oil industry. In the past, other countries have overlooked Africa’s
emerging power in the oil sector. But as trusted sources reveal the future of
African oil, companies have begun to show interest and plan to become
investors.
In a recent
interview with BBC World Business Report, NJ Ayuk gives us an overview on the
current status of the oil industry. He answers the questions, pertaining to
economics and business that the world wants to know. Here are some key takeaways
that highlight global and African reports on the status of oil trade and
related news:
NJ Ayuk Praises Kenya for its
Preseverance in Oil and Business
Without the
use of pipes, Kenya creates a successful way to export crude oil. The National
reported that President Uhuru
Kenyatta deemed the exportation of 200, 000 barrels a special moment for Kenya. Buyers of Kenya’s oil include ChemChina UK. President Kenyatta believes that by
continuing to move forward with the use of trucks, they have shown that they
understand infrastructure and development.
Africa
can use Western technology and Western exports to help and build Africa
NJ gives us a history lesson by addressing China’s use of
Western exports to help build their country; he believes Africa can do the
same, as it has been done before. NJ Ayuk knows China has a record of
substantial growth. Included in the report by Congressional Research Service: China’s
Economic Rise: History, Trends, Challenges, and Implications for the United
States— the World Bank states that China has “experienced the fastest sustained
expansion by a major economy in history—and has lifted more than 800 million
people out of poverty.”
NJ
Ayuk Talks African Companies and Importance of Inclusion
NJ Ayuk has advocated for Africa’s oil
sector for many years. He believes that there should be room for African companies,
and that African companies can no longer be the last hired and first fired. After
all, African companies deserve it. Studies and experts have backed its value in
the oil industry.
NJ Ayuk also gives us his take on Africa and tells us if
Africa is the new frontier for the world’s oil and gas companies:
“It is going to be an aggressive frontier,
it is going to be a big scramble for Africa.”
He also points out that Africa has a market for a billion
plus people, and with a vast on cap natural resources, it is going to be the
next big frontier, but it can only be a frontier if they can make it happen,
and he believes it is their chance to get it right.
NJ Ayuk recently published his second novel, Billions at Play: The Future of African Energy and Doing Deals. It is an Amazon Best Seller.
