Equatorial Guinea’s Ministry of Mines and Hydrocarbons has called for stronger ties within Africa’s oil industry as the country continues rolling out its ‘Year of Energy’ initiative, a strategy that seeks to develop its lucrative energy sector.
As part of the initiative, the country’s Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima has made a renewed call for a stronger African energy dialogue.
Following the success of an industry event dubbed the ‘Cape VII Congress & Exhibition’ in April, Malabo, the Capital of Equatorial Guinea, will host the Oil & Gas Meeting Day for services companies on October 1st, 2019.
Minister Lima recently headed to São Tomé and Príncipe to discuss energy cooperation in the Gulf of Guinea. He participated in the recently-concluded Angola Oil & Gas Conference 2019 at the invitation of Angolan Minister of Mineral Resources and Petroleum Diamantino Azevedo in Luanda last week.
Speaking in front of over 1,000 African and international industry stakeholders, he reiterated his call to action to African national oil companies and governments.
“Our national oil companies are sleeping and should be engaging with each other constantly to explore joint-venture opportunities and projects across Africa,” the Minister said.
In order to strengthen cooperation amongst African companies, encourage the development of a strong African content and promote joint-venture opportunities, Malabo will be hosting the Oil & Gas Meeting Day on October 1st, 2019.
The summit is part of the Year of Energy and will focus on exploring opportunities and deals amongst services companies, which are central to the development of strong African capabilities across the value-chain.
“We invite all national oil companies and public and private services companies to come to Malabo in October for the Oil & Gas Meeting Day. This will be a key platform for dialogue and deals as African companies realize the need to work together,” said Lima.
Minister Lima’s visit to São Tomé and Príncipe, where he met with his counterpart Osvaldo Abreu, focused on energy cooperation between Equatorial Guinea and São Tomé and Príncipe. The two discussed exploration and development issues and opportunities for oil and gas fields, and gas monetization.
“Our two countries share a history of cooperation that keeps on getting stronger. We need to explore possible drilling campaigns in our waters, and build a common future of prosperity,” Lima concluded.