Leading African energy lawyer NJ Ayuk does not believe in handouts as a long-term strategy for impoverished people or nations.
However, he believes that companies operating on the continent have a responsibility to help their host countries build the necessary infrastructure to expand industrialization.
Bruce Falkenstein, Joint Operations Manager for License Management & Compliance at LUKOIL agrees with this premise, which is the focus of Chapter 10 in Ayuk's new book billion in the game: The Future of African Energy ,
Falkenstein has a 40-year career in all facets of the international oil and gas industry. With regard to Africa, he has extensive experience in the management of offshore blocks in Côte d 'Ivoire, Equatorial Guinea, Ghana, Cameroon and Sierra Leone for LUKOIL and Vanco Exploration and has had great success in exploration and exploration Development of oil fields in Egypt for Amoco (BP) in the 1
"There is no way around this: Africa exports raw materials that it could refine and process, if only it had the skills, but not everyone wants to admit that with the openness that Ayuk does," said Falkenstein. "He has also properly linked infrastructure deficiencies with lack of industrialization and described workable solutions based on examples from around the world."
Ayuk sees that the irony in oil and gas produced in Africa is being sent away, to be refined then Returned as finished products for which the Africans pay a premium. Roads, railroads and reliable electricity are key to building a manufacturing base in Africa, but they consume resources – some of which should be provided by the international energy companies that make millions on the continent, he argues.
"It just is not like that It's ethically correct when American, French, Italian and other companies come here and do not help lift people out of poverty," said Falkenstein. "While they employ local workers and provide training, one of the biggest benefits would be the commitment to building a sustainable infrastructure and material assets that will remain positive for people long after companies have built their holdings and left Africa, and I add that the sustainability of the workforce, which is also a key component of the "built assets" of a company, is crucial for the future industrial production of nations and currently many of the workforce is left behind without the support of local employment offices after the economic crisis , Sustainability is achieved only by targeting the projects to the real needs of the affected communities and the range of state actors.
As Ayuk alludes in chapter 9, call to all leaders! More on Good Governance Part of good governance requires good governance to be able to anticipate the additional costs in order to achieve sustainability results, reduce project risks and improve the long-term stability and cost-effectiveness of projects ,
Billions in the Game: The Future of African Energy Ayuk does not overlook the problems that Africa has caused for itself, including unscrupulous leaders who have deducted funds intended for the common good. At the same time, Falkenstein points out that countries like Kenya have created an environment that supports economic diversification and should expose the country to less external shocks, including volatility in oil and gas prices.
"In NJ In Ayuk's world, there are only a few bad guys, only people and companies that can and must do more," said Falkenstein. "That's what makes his book so compelling – it's really fair and balanced. Ayuk's learning puts you on the road to success in Africa. His first book, Big Barrels: Oil and Gas in Africa and Prosperity, should be within reach of any reputable oil and gas manager and negotiator. With that in mind, Ayuk's latest book must be even closer to you, as each of you pursues your own pursuit of billions.
NJ Ayuk is founder and CEO of the pan-African corporate conglomerate Centurion Law Group (CenturionLG.com); Founder and Executive Chairman of the African Energy Chamber; (EnergyChamber.org) and co-author of Big Barrels: Oil and Gas in Africa and the Quest for Prosperity (2017).
He is today considered one of the leading figures in the African economy.  Billions in the Game: The Future of African Energy will be published by October 2019.
Order your copy from Amazon. (https://amzn.to/2ksOLo0)[19659015lightboxesDistributedby APO Group on behalf of the African Energy Chamber. More information about the book:
Download logo  LUKOIL Leader Says New Africa Energy Book Billions on Play Describes Workable Solutions to African Infrastructure Challenges (1)
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