After three days of rich and constructive discussions, the National Roundtable on Hydrocarbons concluded under the theme "Lessons from the past, ambitions for tomorrow." Held in Conakry, this strategic meeting brought together key public and private sector stakeholders to define an ambitious and sustainable vision for the future of hydrocarbons in Guinea.
The closing day featured the sixth panel, which focused on the institutional framework, an essential pillar for ensuring efficient and transparent management of the sector. Moderated by the secretaries general of the ministries of Energy, Environment, Trade, Economy and Mines, this panel highlighted the need for far-reaching reforms to clarify institutional roles, strengthen regulation and attract investors.
"Hydrocarbons are a strategic lever for Guinea's energy sovereignty and economic development," emphasised Nima Bah, Chief of Staff at the Ministry of Energy, Hydraulics and Hydrocarbons, during the summary of the proceedings. She highlighted the six topics discussed during the round table: oil exploration, market regulation, the role of gas in the energy transition, financing, logistics and institutional reform.
The discussions provided an uncompromising assessment of the challenges facing the sector: low level of exploration, supply issues, lack of storage infrastructure, inefficient governance, lack of transparency and an inadequate legal framework. To address these challenges, participants made a number of structural recommendations, including:
- The adoption of a modern legislative framework adapted to the national context;
- The creation of an independent regulatory body;
- Strengthening technical and institutional capacities;
- Promoting local and foreign investment;
- The development of human capital throughout the value chain.
Bachir Camara, Secretary General of the Ministry of Energy, praised the quality of the contributions: "These discussions, enriched by experts from Africa and elsewhere, have given us a better understanding of the challenges facing the sector." He emphasised the urgent need to translate these proposals into concrete action, calling for greater collaboration between the public and private sectors.
To ensure follow-up on the recommendations, participants agreed to create a national task force. This body will be responsible for steering reforms and overseeing the implementation of the roadmap developed during the roundtable. This initiative demonstrates the Guinean authorities' commitment to revitalising the hydrocarbons sector through bold reforms and transparent governance.
Participants unanimously praised the commitment of the Guinean authorities and the quality of the work carried out in Conakry. Heartfelt thanks were extended to the technical and financial partners, as well as to the experts who contributed to the success of the event.
This round table marks a decisive turning point for Guinea's hydrocarbon sector, with clear ambitions: to make this sector a driver of economic growth and a model of sustainable governance. The implementation of the recommendations will now be a top priority in order to transform these commitments into concrete results.
