Equatorial Guinea Presents Open Oil, Gas and Mining Licenses in Successful Roadshow in China

July 05, 2019 - 06:08
Equatorial Guinea Presents Open Oil, Gas and Mining Licenses in Successful Roadshow in China

  • EGRonda Licensing Round Roadshow in China was met with tremendous success as over100 Chinese investors participate and discuss investment in oil, gas andminerals with the Ministry of Mines and Hydrocarbons' delegation
  • H.E.Gabriel Mbaga Obiang Lima thanks Chinese Embassy in Equatorial Guinea, AfricanEnergy Chamber and Ministry of Mines and Hydrocarbons staff for ahighly-successful roadshow


BEIJING, CHINA - EQS - July 2nd, 2019 - The Ministry of Mines and Hydrocarbons held a successful investment drive inChina with Chinese investors in an event organised by the Africa Energy Chambertoday in Beijing, China.


The Ministry officials delivered presentationson the current EG Ronda Licensing Rounds 2019 for oil & gas and mining& minerals to a prestigious audience of Chinese investors and stakeholders.Over 100 participants from the biggest Chinese energy companies, notablyincluding CMEC, CPP, CNOOC, PowerChina, Sinochem, Sinopec, Zhenhua Oil andChina Minmetals responded to Equatorial Guinea's invitation to come and investin the country.


"The EG Ronda Roadshow in China is atremendous success. We have met with very serious investors who believe in theimmense hydrocarbons and mining potential of Equatorial Guinea and are ready toinvest, we will announce agreements very soon," declared H.E. Gabriel MbagaObiang Lima. "This will ensure additional investment into our oil & gassector, and more importantly help develop our mining and minerals industry andcreate jobs."


Equatorial Guinea showcased 27 oil& gas blocks on offer under the EG Ronda Oil & Gas Licensing Round2019, including EG-27 (former Block R) and EG-23 for appraisal and development.It also offers an opportunity for exploration and mining companies worldwide toapply for exploration rights in the Rio Muni area, which is highly prospectivein minerals such as gold, diamonds, base metals, iron ore and bauxite.


"The leadership H.E. PresidentTeodoro Obiang Nguema Mbasogo and the reforms of our government to provide astable regulatory framework and attractive business environment have been keyto attracting Chinese investors," added H.E. Gabriel Mbaga Obiang Lima. "Wewish to thank everyone who made this roadshow a great success, including theChinese Embassy in Equatorial Guinea, the African Energy Chamber and all theMinistry of Mines and Hydrocarbons staff."


The bidding deadline for the EG RondaLicensing Round has been set for September 27th, 2019. Winners willbe announced at the much-anticipated Gas Exporting Countries Forum's 5thGas Summit in Malabo on November 27th, 2019.

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