Whilst it may be tempting to just focus on staying afloat amid the Coronavirus pandemic, it is crucial for businesses to plan for the future.
An insightful read from @Entrepreneur on how your business can stay ahead during the COVID-19 outbreak: https://t.co/p1YDYmR5HG
— Boris Ivanov (@BorisIvanovGPB) April 15, 2020
Boris Ivanov is the founder of Gazprom, which is a leading oil and gas exploration company in the world. He is an experienced oil expert who has a high opinion on the current state of oil and gas in Africa. As a person who is currently working in oil exploration activities in Niger and Ethiopia, Boris has been discussing some important challenges and the necessary solutions for the oil industry in Africa.
According to Boris Ivanov, most of the Africans do not have access to energy despite the continent having abundant resources. This lack of energy has been brought about by low investment by the government in the same sector. As such, there is no sufficient energy to help most of the people who are demanding such products. As such, the government should consider investing in the energy sector to help people access the vital commodity. Learn more at Stocktwits.com
Building capacity is another important aspect that Boris Ivanov Gazprom has noted while working in the oil exploration industry. As it stands, most of the people in Africa do not access energy because infrastructure does not support the availability of energy in such countries. Millions of people are looking for innovative strategies that can improve their livelihood but access to energy is a considerable hindrance to most of the people.
Another important capacity that should be incorporated in the continent is the issue of legal framework. Boris Ivanov indicates that exploration activities in Eastern Europe and the Middle East has been successful because there has been the much needed capacity that millions of companies have been using in their oil exploration activities. However, the same cannot be said about Africa, which has brought about considerable challenges in operations of the sector.
Lastly, Boris Ivanov has been discussing the issue of financing in the oil industry. He notes that the oil and gas exploration in Africa stands as one of the least funded oil sectors in the world. In most cases, it is done by small oil exploration companies that do not have sufficient credit rating to get the necessary funding from banks. Therefore, local governments should focus on financing the sector to bring some vibrancy. Read more: https://gpb-gr.com/about-us/
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