Category Archives: Equatorial Guinea
Equatorial Guinea’s Bioko Oil Terminal (BOT) project continues to gain important new partners as Nigeria’s Oranto Petroleum submits its interest in investing in the crude oil and petroleum products storage facility. The Ministry of Mines and Hydrocarbons of Equatorial Guinea believes the BOT project will be a “revolutionary” regional development, bringing new efficiencies to western Africa’s petroleum industry and positioning a world-class facility between the North Atlantic, West and Central African, and Asian markets.
Two global energy powers met today for the first Equatorial Guinea-Saudi Arabia Economic Forum, organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea. The historic event was hosted by the Jeddah Chamber and brought together senior government officials from both countries to discuss investment in crucial economic sectors of energy, agriculture, fisheries, and mining. H.E. President Teodoro Obiang Nguema Mbasogo brought a delegation of cabinet members to present investment opportunities to Saudi officials and investors. Proceedings were opened by H.E. President Obiang and Saleh Abdullah Kamel, Chairman of the Jeddah Chamber.
On May 10th, the Equatorial Guinea-Saudi Arabia Economic Forum will be held in Jeddah to discuss how the two nations can cooperate and collaborate towards a greater impact and development. The forum which is scheduled to take off in Jeddah will identify investment opportunities and bolster trade ties between the two nations in core economic sectors such as mining, hydrocarbons, agriculture and fisheries. The forum is organized by the Ministry of Mines and Hydrocarbons of Equatorial Guinea, with the participation of Centurion Law Group and Africa Oil & Power.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea wraps up a successful visit to Singapore and is negotiating terms with offtakers from the Fortuna floating LNG plant.
- Government of Equatorial Guinea leaps towards establishing Single Window System
- Time and costs for company registration have been slashed dramatically
- Trade environment reform will improve Ease of Doing Business ranking with the World Bank
In 2015 Equatorial Guinea made public the efforts to reposition herself in the global trade arena through the improvement of the investment climate in the country. A major component of the Government’s program is the adoption of a single window system for the registration of companies and corporations. This move will unquestionably improve Equatorial Guinea’s Ease of Doing Business ranking with the World Bank and ultimately increase trade inflows into the country.
The Equatorial Guinea Oil and Gas Licensing Round announces the next stage of its world tour. On September 20-23, Ministry of Mines and Hydrocarbons officials will visit Singapore to promote exploration opportunities to Asian and Australian investors.
A mission from the International Monetary Fund (IMF), led by Montfort Mlachila, visited Malabo from June 29 to July 13 to conduct the 2016 Article IV consultation discussions.
Equatorial Guinea has signed an MoU with Shell, effective July 4, 2016, to enable greater cooperation on oil and gas projects. Shell entered Equatorial Guinea’s gas sector in 2016 through the acquisition of BG Group, the long-term buyer of LNG cargoes from EGLNG facility.
Minister Highlights Equatorial Guinea’s Oil and Gas Legacy of Exploration Success at Africa Assembly
The bidding round, EG Ronda 2016, welcomes expressions of interest on 37 open licenses. The bidding period concludes November 30, 2016
Riaba Fertilizers Limited has awarded the EPC contract for a new petrochemicals complex to a Chinese consortium led by East China Engineering Science and Technology Co. Ltd (ECEC)