Chinese Energy Companies Push to acquire Mining, Oil and Gas Assets in Equatorial Guinea Ahead of July 2nd Roadshow

June, 27/2019 - 02:01
Chinese Energy Companies Push to acquire Mining, Oil and Gas Assets in Equatorial Guinea Ahead of July 2nd Roadshow

JOHANNESBURG, SOUTH AFRICA - EQS - 27June 2019 - Equatorial Guinea Ronda has received greatinterest from public and private Chinese companies to invest in EquatorialGuinea and explore opportunities in oil & gas and minerals at the upcomingEG Ronda Licensing Round meetings in Beijing organized by the African EnergyChamber.

 

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TheChamber will be hosting the 2-day investor forum at the Kempinski Hotel Beijingon July 2nd and 3rd, on behalf of the Ministry of Minesand Hydrocarbons of Equatorial Guinea. The biggest names amongst the Chineseenergy industry are confirmed to attend, including companies such as PowerChinaGroup, Sinochem, ENN Group, CCCC, CMEC, China Minmetals Corp, China Gas,Beijing Gas, Jincheng Anthracite Mining Group, PetroChina, Sinoenergy, CNOOCetc.

 

"Welook forward to welcoming Chinese and global stakeholders at the EG Ronda forumin China. This is going to start our drive to build a successful and profitablemining sector as we have done with oil and gas," declared H.E. Gabriel MbagaObiang Lima, Minister of Mines and Hydrocarbons who will be in Beijing nextweek with his delegation of senior officials. "Our mining, oil and gas industryhas one thing that foreign investor treasure which is certainty in the policiesand regulations thanks to the leadership of the President.  Operating for years with a predictable andreliable framework has made our country competitive and we are going to developour oil, gas and mining resources to benefit investors and our people," addedthe Minister.

 

TheEG Ronda Licensing Round Roadshow 2019 in Beijing will be showcasing the 27 oil& gas blocks on offer under the country's 2019 oil & gas licensinground, and promote the high-potential that Equatorial Guinea has in mineralssuch as gold, diamonds, bauxite and iron ore. H.E. Gabriel Mbaga Obiang Limawill notably be accompanied by the Director General of Hydrocarbons and theDirector General of Minerals and Quarry, and hold several private meetings withChinese investors.

 

"EquatorialGuinea has improved its mining and oil and gas policies to reflect the bestinternational practices, as well as improving legal certainty for investors. Itis no secret why there is a lot of interest from investors towards our Beijingforum. The Chamber believes this will help attract more investments and jobsfor to Equatorial Guinea. We expect Equatorial Guinea's strategy of outreachand engagement with global markets to result in very successful licensingrounds this year," said Mickaël Vogel, Director of Strategy at theChamber.