Category Archives: Equatorial Guinea

Equatorial Guinea

Bioko Oil Terminal Project Attracts New Interest; Aims to Transform African Oil Industry

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. read more

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Equatorial Guinea Hosts First Economic Forum in Saudi Arabia, Signs Key Agreements

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. read more

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Saudi Arabia to strengthen economic thighs with Equatorial Guinea this month.

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. read more

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Rex Tillerson, ExxonMobil and Africa: What to expect

Otavio Veras, Research Associate of the NTU-SBF Centre for African Studies read more

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Equatorial Guinea Presents Offer to Join OPEC in 2017 and Agrees to Production Cuts

H.E. Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons

H.E. Gabriel Mbaga Obiang, Minister of Mines and Hydrocarbons, travelled to Vienna on January 20 to meet with OPEC officials and present the Government of Equatorial Guinea’s offer to become the 14th member of the cartel read more

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EG Govt. Concludes New Investment Prospects After Asia Visit

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. read more

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Equatorial Guinea Government Welcomes Participation in Oil and Gas Licensing Round

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Representatives of the Ministry of Mines & Hydrocarbons of Equatorial Guinea, including His Excellency Minister Gabriel Mbaga Obiang Lima, present the EG Ronda 2016 licensing round in Singapore. read more

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Equatorial Guinea Champions Trade Facilitation in Central Africa

  • 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. read more

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EG Ronda 2016 Moves to Singapore for 3rd Stage of Oil and Gas Licensing Round Promotion

Equatorial GuineaThe 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.

The Equatorial Guinea oil and gas licensing round, EG Ronda 2016, will come to Singapore in September as the Ministry of Mines and Hydrocarbons pushes forward on promoting available blocks. The visit to Singapore will open opportunities for companies in South-East Asia and Australia to take part in the round. H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, said Singapore’s position as a leading energy center in South-East Asia makes it the ultimate venue for EG Ronda.

“We have considerable admiration for what Singapore has accomplished in becoming an important global energy hub,” said H.E the Minister. “It is a model for Equatorial Guinea’s long-term development and a reference point for oil and gas trading in South-East Asia. We look forward to having excellent discussions with organizations in the region.”

During the Singapore visit, the Minister will make a keynote presentation during the CWC LNG & Gas Series: 8th Asia Pacific Summit, to be held September 20-23 at the Grand Hyatt Hotel. The conference will bring together key stakeholders in the gas and LNG supply chain. Equatorial Guinea has a large portfolio of gas projects in operation or under development, including EG LNG and the pioneering Fortuna FLNG development which would be the first of its kind in Africa.

Tanya Crossick, Managing Director of CWC, stated: “CWC Group is delighted to welcome H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, at the 8th World LNG & Gas Series: Asia Pacific Summit. As an important supplier of gas, we look forward to stimulating discussion around new and existing gas supply from Equatorial Guinea and the opportunities that this brings to the global LNG & Gas sector.”

EG Ronda 2016 launched on June 6, 2016 at the Africa Oil & Power conference and will conclude on November 30, 2016. The MMH invites bids on all open acreage outside of blocks under direct negotiation.

Find out about the EG Ronda 2016 oil and gas llicensing round, including a bidding and events schedule, at www.egronda2016.com. Contact the licensing round team by email at news@egronda2016.com.
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IMF Staff Concludes 2016 Article IV Mission to Equatorial Guinea

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. read more

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New Deal Signed by Equatorial Guinea and Shell to Increase Oil and Gas Collaboration

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. read more

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Minister Highlights Equatorial Guinea’s Oil and Gas Legacy of Exploration Success at Africa Assembly

Equatorial Guinea’s government is promoting its offshore acreage and showcasing the nation’s oil and gas achievements in the EG Ronda 2016 oil and gas blocks licensing round. read more

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Equatorial Guinea Launches 2016 Oil and Gas Licensing Round

The bidding round, EG Ronda 2016, welcomes expressions of interest on 37 open licenses. The bidding period concludes November 30, 2016 read more

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Equatorial Guinea Awards EPC Contract for New Petrochemicals Complex

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) read more

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