Monday, May 29, 2017

Equatorial Guinea Prioritizes Energy Development, Sponsors Africa Oil & Power Conference

The Republic of Equatorial Guinea has prioritized energy development in regards to gas and oil exploration and production with the sponsorship of the international Africa Oil & Power (AOP) 2017 conference by Equatorial Guinea Ministry of Mines and Hydrocarbons.

The Ministry will explore potential partnerships and investments with international energy firms, as well as discuss the future of energy investments and policies for the future of Africa as an international energy hub.

Equatorial Guinea has been recently approved to join the Organization of the Petroleum Exporting Countries (OPEC), which will make it the 14th member and sixth from the continent of Africa.

Equatorial Guinea also recently announced an agreement with Arabian Energy DMCC to collaborate on the Bioko Oil Terminal. The Terminal will transform the country’s energy sector and establish Equatorial Guinea as a trading hub for all of West Africa.

AOP 2017 will be held in Cape Town, South Africa.