Equa G Continues Proactive Industry Engagement to Support Oil Sector
In order to maintain the engagement with the oil sector of Equatorial Guinea in light of the ongoing crisis of Covid-19 and challenging market conditions, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons (MMH) recently met with an industry delegation in Malabo.
Accompanied by H.E. Santiago Mba Eneme Nsuga, the Director General of Hydrocarbons, the Director General of State Companies and the Director General of National Content, the Minister met with senior representatives of ExxonMobil, Marathon Oil Corp, AMPCO, Noble Energy, Trident Energy, EG LNG and Kosmos Energy. H.E. Gabriel Mbaga Obiang Lima thanked all operating companies for their constant support and interventions during the pandemic, especially for equipping the Baney Epidemiological Laboratory with the required equipment to prevent and reduce the spread of coronavirus in Equatorial Guinea.
Equally important, the Minister received a letter from the industry regarding ongoing concerns over forex regulations imposed by the Bank of Central African States (BEAC). On this occasion, he insisted that mitigating the economic and business impact of the Covid-19 pandemic remained a priority in order to ensure sector recovery and investments across the value-chain. “Covid-19 is a major concern for the Government of Equatorial Guinea, and listening to the concerns of local and international private companies operating in the country is for us a way to ensure industry growth and sustainability,” H.E. Gabriel Mbaga Obiang Lima said.
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