Press

Equatorial Guinea petroleum minister continues tour of Africa


  • H.E Gabriel Mbaga Obiang Lima invites all African oil and gas ministers to attend the 5th GECF Summit.
  • H.E Gabriel Mbaga Obiang Lima, Equatorial Guinea's Minister of Mines and Hydrocarbons invites Uganda's Minister of Energy, Irene Muloni to attend the 5th GECF Summit.
  • The 5th GECF Summit will showcase the role and future of gas development on the African continent. This will be the first time that it is held on the African continent.

Determined to showcase Africa's gas potential and promote intra-Africa cooperation, Equatorial Guinea's Minister of Mines and Hydrocarbons, H.E Gabriel Mbaga Obiang Lima, continues his tour of Africa to invite GECF and non-GECF nations to attend the 5th GECF Summit which will be hosted for the first time on the African continent.

Through the 5th GECF Summit, Minister Obiang Lima hopes to promote gas development on the continent as a means to drive economic growth.

During his recent visit to Uganda, Minister Obiang Lima met with Minister of Energy, Irene Muloni and invited her to attend the 5th GECF Summit. The landmark event will take place in Malabo on November 25-27, 2019.

Speaking about Equatorial Guinea's interest in supporting the development of Uganda's oil and gas industry, Minister Obiang Lima encouraged the country to continue with its oil and gas plans which are “the best one can find anywhere in the world,” he said.

He further stated that, should the East African country continue with its plans, Equatorial Guinea may learn from it in the years to come.

This visit follows the signing of a Memorandum of Understanding (MoU) by both countries in 2017 for cooperation in oil and gas development. Under the MoU, Equatorial Guinea will provide guidance to Uganda and assist it in achieving its oil and gas production targets, and advise it on the signing of petroleum agreements.

In a bid to transform its oil and gas sector, Uganda is developing its infrastructure in key sectors as a means to drive investment into the country.

Although Equatorial Guinea has a thriving oil sector with 1.1 billion proven oil reserves, the country – which is also a GECF member – holds great potential in its gas industry, boasting an estimated 145 billion cubic meters of proven gas reserves.

Further, Equatorial Guinea has set ambitious goals for its gas sector development including Alen Gas and Condensate Field on Bioko Island, which is said to 600 billion cubic feet of natural gas equivalent and the construction of a natural gas mega-hub project, which have resulted in it leading the LNG2Africa initiative which aims to create a continental gas market.

Upcoming stops on the tour include Egypt and Algeria.

Learn more and register for the 2nd International Gas Seminar which forms part of the 5th GECF Summit here.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://yearofenergy2019.com/2019/08/20/equatorial...

Year of EnergyEquatorial GuineaGECFMalaboGECFUgandaAlgeriaEgypt

More items from aydanur


Equatorial Guinea Minister Implores Companies: ‘Take Charge of Your Industry’

Equatorial Guinea's Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima encouraged nationals to rise to the challenges posed by COVID-19 in a public webinar on Monday. The webinar was hosted by the Ministry of Mines and Hydrocarbons, in partnership with the African Energy Chamber ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > Equatorial GuineaAOP WebinarAfrica Energy Chamber +4

Equatorial Guinea’s Ministry of Mines and Hydrocarbons will host a webinar on the current state of the oil industry and how we can recover

The Ministry of Mines and Hydrocarbons and the African Energy Chamber will host an open webinar on the current state of the global oil markets. E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea will lead the conversation on the topic  ‘The State of Oil Markets ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > Equatorial GuineawebinarAfrican Energy Chamber +3

China in Africa: SACETA-AOP Partnership Opens Doors to New Chinese Investment in Africa

South Africa-China Economic and Trade Association (SACETA) enters partnership with Africa Oil & Power (AOP) to introduce Chinese corporations to African projects and firms. AOP is the continent's leading event organizer for the energy sector, covering all segments of the value chain and working c ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > ChinaAfricaSACETA +7

South African Chamber of Commerce and Industry Backs Africa Oil & Power 2020

The South African Chamber of Commerce and Industry (SACCI) has signed a strategic partnership with Africa Oil & Power (AOP) for the second year. SACCI constructively influences the environment in which business operates in South Africa and has around 20,000 members. AOP 2020 serves as a platform ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > Africa Oil & PowerSouth African Chamber of Commerce and IndustrySACCI +3

Events Industry Retools to Build Hospitals in Africa

Cape Town, 8 April 2020  – Afrika Umoja, an initiative initiated by Cape Town temporary architecture specialists, HOTT3D with pan-African energy event organizer Africa Oil & Power (AOP), is tackling the COVID-19 threat in its home city and across Africa. Afrika Umoja will aim to build temporary ho ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > covid-19Afrika UmojaTemporary Hospitals +6
All posts from aydanur