The Republic of Equatorial Guinea is set to strengthen its
relationship with the Middle East and expand potential investments during the
upcoming EG Ronda tour in the region. Led by the Ministry of Mines and
Hydrocarbons, the EG Ronda will participate in the Abu Dhabi International
Petroleum Exhibition and Conference (ADIPEC) in the United Arab Emirates later
this month.
The Ministry will host a special panel on 7 November as part
of the ADIPEC VIP Programme to select members of the Middle East Petroleum
Club, a group which includes ministries, government bodies, international oil
companies, state-owned companies, and diplomatic institutions.
“We are thrilled to bring EG Ronda to ADIPEC, the best and
biggest platform in the region for doing oil and gas business. We launched this
fifth licensing round knowing that diversifying our investor base would be
critical to our success and we are eager to forge new ties with firms in the
Middle East,” said H.E. Gabriel Mbaga Obiang Lima, the Minister of Mines and
Hydrocarbons.
The Minister will present upstream oil and gas exploration
opportunities in Equatorial Guinea to interested parties during the panel as
well as hold a moderated panel featuring key industry members.
The EG Ronda coincides with a period of strengthening
relations between Equatorial Guinea and the Middle East.
On 24 October of this year, Equatorial Guinea and Kuwait
signed a Memorandum of Understanding to strengthen bilateral relations during
an official state visit by Equatorial Guinean President, H.E. Teodoro Obiang
Nguema Mbasogo. Later this month, Equatorial Guinea will host the 4th
Africa-Arab World Summit in Malabo, an event which gathers members of both the
African Union and the Arab League for high-level discussions.
ADIPEC is the region’s largest showcase for oil and gas
investment, with more than 2,000 companies in participation.
