Home EQUATORIAL GUINEA Equatorial Guinea's Gabriel Mbaga Obiang Lima signs series of agreements in...

Equatorial Guinea’s Gabriel Mbaga Obiang Lima signs series of agreements in Abu Dhabi Updated for 2021

82,139FansLike
2,966FollowersFollow
2,690SubscribersSubscribe
82,139FansLike
3,122FollowersFollow
2,690SubscribersSubscribe

Updated: February 24, 2021

Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, officially kicked off the country’s Year of Investment initiative during the Atlantic Council’s Global Energy Forum in Abu Dhabi.

The delegation of the Ministry of Mines and Hydrocarbons (MMH) held several bilateral meetings and discussions with heads of national oil companies such as PetroVietnam, ministerial counterparts of the Ministry of Energy of the UAE H.E. Suhail Al Mazrouei and the Ministry of Petroleum, Energy and Mines of Mauritania, and private stakeholders.

[read_more id="2" more="Read full article" less="Read less"]

The talks focused on investment discussions around key projects Equatorial Guinea is executing under the Year of Investment, including mining and energy infrastructure such as refineries, gas-to-power and storage tanks.

The Minister also addressed US investors concerns over the business environment in the country, and took a stand on climate change, joining concerns over the need to address current climate change realities while continuing to develop Africa’s resources for the benefits of its people.

“We had a very conclusive visit to Abu Dhabi, the Year of Investment is starting very strong with several agreements signed on exploration, refining infrastructure and local content development,” declared H.E. Gabriel Mbaga Obiang Lima. “People look up to Equatorial Guinea as a strong emerging hub in the West and Central Africa, and this year will see the execution of several landmark projects positioning us as a true African energy leader and creating jobs for our citizens.”

Several agreements were signed, including an MoU on the EG Refinery, which will have a capacity of 20,000 to 30,000 bopd and will see Equatorial Guinea become a refiner and producer of petroleum products.

In order to boost domestic capacity building, the MMH also signed an MoU with Duscaff Scaffolding, Apex Industries S.A and the Institute of Technology of Equatorial Guinea to establish an Engineering Academy and training company to promote vocational training and quality education for Equatoguinean citizens

[/read_more]

Equatorial Guinea\'s Gabriel Mbaga Obiang Lima signs series of  agreements in Abu Dhabi
Today News Africa
Today News Africahttps://todaynewsafrica.com
Today News Africa is a US-based international news organization focused on US-Africa policy and breaking news. Our goal is to provide truthful and exclusive stories to a diverse audience across North America and the African Continent. Subscribe to our news page at https://todaynewsafrica.com/ and Follow us on Twitter @todaynewsafrica

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Human Rights Watch concludes Abiy Ahmed’s soldiers bombed civilians to death, schools, hospitals and markets in Tigray region

Ethiopian federal forces carried out apparently indiscriminate shelling of urban areas in the Tigray region in November 2020 in violation of the laws of war, Human Rights Watch said on Wednesday. Artillery attacks at the start of the armed conflict struck homes, hospitals, schools, and markets in the city of Mekelle, and the towns of Humera and Shire, killing at least 83 civilians, including children, and wounding...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Reddit
Tweet
Share
Share
Pocket
Share
More