The Ministry of Mines and Hydrocarbons held a successful investment drive in China with Chinese investors in an event organised by the Africa Energy Chamber in Beijing, China
The Ministry officials delivered presentations on the current EG Ronda Licensing Rounds 2019 for oil and gas and mining and minerals to a prestigious audience of Chinese investors and stakeholders.
More than 100 participants from the biggest Chinese energy companies, notably including CMEC, CPP, CNOOC, PowerChina, Sinochem, Sinopec, Zhenhua Oil and China Minmetals responded to Equatorial Guinea’s invitation to come and invest in the country.
Gabriel Mbaga Obiang Lima, the minister of mines and hydrocarbon, said, “The EG Ronda Roadshow in China is a tremendous success. We have met with very serious investors who believe in the immense hydrocarbons and mining potential of Equatorial Guinea and are ready to invest, we will announce agreements very soon.”
“This will ensure additional investment into our oil & gas sector, and more importantly help develop our mining and minerals industry and create jobs,” he added.
Equatorial Guinea showcased 27 oil and gas blocks on offer under the EG Ronda Oil & Gas Licensing Round 2019, including EG-27 (former Block R) and EG-23 for appraisal and development. It also offers an opportunity for exploration and mining companies worldwide to apply for exploration rights in the Rio Muni area, which is highly prospective in minerals such as gold, diamonds, base metals, iron ore and bauxite.
The bidding deadline for the EG Ronda Licensing Round has been set for 27 September 2019. Winners will be announced at the much-anticipated Gas Exporting Countries Forum’s fifth Gas Summit in Malabo on 27 November 2019.