Petroleum Africa
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Thursday, August 31, 2017
Equatorial Guinea and Uganda have agreed on a plan of action for moving forward on implementing a MoU on cooperation in the oil and gas sector. The two governments agreed on the plan of action during Ugandan President Yoweri Museveni’s four-day state visit to Equatorial Guinea.
According to a joint communiqué issued by Museveni and Equatorial Guinea’s President Teodre Obiang Nguema Mbasogo, the priority activities will include exchange of information on policies, legal and regulatory structures, capacity building in the areas of operation, production and process control, environmental health and safety.
Training will also cover construction as well as maintenance of oil and gas infrastructure.
The two delegations further agreed that both countries will be participating in hydrocarbon events, starting with the upcoming 3rd Uganda International Oil and Gas Conference scheduled for end of September 2017.
At the joint press conference Museveni said that this will be the first time that Equatorial Guinea will share its experiences in the petroleum sector with Uganda. He went on to say that while there are many pitfalls, it was important to learn and agree with exploration companies to avoid selling cheaply.
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