Petroleum Africa
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Thursday, June 27, 2019
Equatorial Guinea Ronda has received great interest from public and private Chinese companies to invest in Equatorial Guinea and explore opportunities in oil & gas and minerals at the upcoming EG Ronda Licensing Round meetings in Beijing, organized by the African Energy Chamber.
The Chamber is hosting the two-day investor forum at the beginning of July on behalf of the Ministry of Mines and Hydrocarbons.
The event has drawn a host of well-known Chinese energy firms. Companies such as PowerChina Group, Sinochem, ENN Group, CCCC, CMEC, China Minmetals Corp, China Gas, Beijing Gas, Jincheng Anthracite Mining Group, PetroChina, Sinoenergy, and CNOOC have all confirmed to attend.
“We look forward to welcoming Chinese and global stakeholders at the EG Ronda forum in China. This is going to start our drive to build a successful and profitable mining sector as we have done with oil and gas,” declared Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons who will be in Beijing next week with his delegation of senior officials.
“Our mining, oil and gas industry has one thing that foreign investor treasure which is certainty in the policies and regulations thanks to the leadership of the President. Operating for years with a predictable and reliable framework has made our country competitive and we are going to develop our oil, gas and mining resources to benefit investors and our people,” added the Minister.
The EG Ronda Licensing Round Roadshow 2019 in Beijing will be showcasing the 27 oil & gas blocks on offer under the country’s 2019 oil & gas licensing round, and promote the high-potential that Equatorial Guinea has in minerals such as gold, diamonds, bauxite and iron ore.
The minister will be accompanied by the Director General of Hydrocarbons and the Director General of Minerals and Quarry, and hold several private meetings with Chinese investors.
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