Equatorial Guinea Will Form Part of the OPEP

The Head of State, S. E. Obiang Nguema Mbasogo and the First Lady, DoAa Constancia Mangue de Obiang returned to Malabo on 11th May after their three-day stay in the Kingdom of Saudi Arabia – an invitation by the Arab country’s monarch.

The Vice-President of the Republic, the presidents of the Supreme Court of Justice, Constitutional Tribunal, the Governor of Bioko North and the Mayoress of Malabo attended the presidential terminal of Malabo International Airport to receive the presidential couple.

Some members of the government and ministers of the Head of State also attended the airport, among other public figures.

Minutes after his arrival, S.E. Obiang Nguema Mbasogo said to the press that it was a successful trip; the first trip was to invite Saudi Arabian leaders to participate in the Africa-Arab World Summit. On this occasion, we went to reach agreements on cooperation and we were well received”.

In addition, the Head of State mentioned that several agreements were signed that are going to facilitate Saudi Arabia investing in our country. These agreements concern economic and diplomatic cooperation.

This visit has lead to motivate and encourage Saudi Arabian businessmen to invest in Equatorial Guinea, and economic operators will arrive shortly to explore the land and identify which sectors they want to invest in.

The Equatorial Guinean President continued by saying: we cannot only limit ourselves to keep contact with government members, we also have to contact businessmen because the Kingdom of Saudi Arabia moves through the businessmen who take charge of external investment. Hence why they have agreed to come next summer. Delegations will arrive and these are going to explore different sectors that we are going to present, in order to back the development of Equatorial Guinea”.

To close the press meeting, S. E. Obiang Nguema Mbasogo said that Equatorial Guinea has now submitted the application to become a member of the Organization of the Petroleum Exporting Countries (OPEC), and King Salman bin Abdulaziz said that he is going to build a lobby, in order for our country to be a member without any other nation being able to oppose, since Saudi Arabia is the main country that maintains the OPEC. Therefore, Equatorial Guinea is going to be a member of the OPEC.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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