JOHANNESBURG,SOUTH AFRICA - EQS -11 June 2019 - The African Energy Chamber will host an investment forum inBeijing on 2-3 July 2019, with a focus on giving Chinese and Asian investorsaccess to Equatorial Guinea's EG Ronda 2019 Licensing Rounds for oil and gasand mining. The forum will be held at the Kempinski Hotel Beijing LufthansaCenter.
Earlierthis year, the Ministry of Mines and Hydrocarbons of Equatorial Guinea launchedits first-ever mining licensing round, as well as the 2019 oil and gaslicensing round in the country. These rounds are key to further boostingexploration in Equatorial Guinea and supporting the country's economicdiversification by developing its high-potential mining and minerals industry.
"Thisforum in China is central to Equatorial Guinea's strategy of attracting avariety of investors and companies to explore the country's oil and gas andmineral resources," declared H.E. Gabriel Mbaga Obiang Lima, Minister of Minesand Hydrocarbons. "We will be presenting opportunities in both licensing roundsand holding private meetings with interested investors. We are offeringacreages with very high potential for world-class discoveries and also areformed business environment that makes us very competitive internationally.We welcome all stakeholders from China and the region to come to this roadshowand engage with us on business opportunities in Equatorial Guinea."
The forumin China will showcase 27 blocks on offer under the 2019 Oil & GasLicensing Round, including blocks EG-23 and EG-27 (former Block R, whichcontains the giant Fortuna gas find) for appraisal development and 25 other blocksfor exploration. It will also present Chinese companies with the opportunitiesto explore Equatorial Guinea's mineral resources, especially in the Rio Muniarea in the country's Littoral Province. While unexplored, the area holds vastpotential in mineral deposits such as gold, diamonds, base metals, iron ore andbauxite.
"TheChamber and our Chinese counterparts are excited to host EG Ronda's Oil &Gas and Mining Licensing Rounds in China. Equatorial Guinea remains largelyuntapped and underexplored. Chinese investors are keen to engage and do gooddeals in the energy industry and we welcome their support," said Mickael Vogel,AEC Director of Strategy.
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Formore information, please consult https://egronda.com. Interested parties may register to theroadshow by sending an email to mickael@energychamber.org.