First Oil and Gas Conference begins in Sipopo

On the morning of Tuesday 1st October, the Palace if Conferences in Sipopo was the epicentre of the opening of the First Oil and Gas Conference in Equatorial Guinea. The aim of the conference is to strengthen the hydrocarbons sector through the search for common strategies with companies, both national and foreign, for the application of National Content policies.

The Prime Minister of the Government, Charged with Administrative Coordination, Francisco Pascual Obama Asue, oversaw the ceremony, which featured an intervention by the Minister for Mines and Hydrocarbons, Gabriel Mbega Obiang, who began his speech by thanking the 19 delegations from the various countries attending the conference for their presence. He also affirmed that this first experience was a milestone in the history of our country and the subregion, because the organisation of the forum demonstrates the capacity and ambition to continue to position Equatorial Guinea as a benchmark in the global hydrocarbons sector, and a model for the application of National Content policies.

Our intention is to continue to back the development of our resources, applying responsibility and security, creating better returns for the State coffers, the strengthening of our small and medium-sized companies, and the consequent creation of jobs for our young people. We believe that only in this way can we continue to back our country. The Ministry for Mines and Hydrocarbons, following the directives of the Government in its aim to seek greater economic returns on natural resources, create employment and implement new projects, has decided to evaluate all current projects at the Punta Europa facilities, in order to consider replacement in the case that they are not profitable, and implement other projects”, said Mbega Obiang Lima, before concluding his speech.

For his part, the Prime Minister gave the opening speech, and asserted that Equatorial Guinea has set out the bases for sustainable development through the construction of basic infrastructures, the strengthening of intellectual capital and the implementation of social policy under the leadership of H. E. Obiang Nguema Mbasogo. Furthermore, Obama Asue pointed out that the aim of this conference was to move forward in order to allow the hydrocarbons sector to continue to support development in Equatorial Guinea, This is a privileged occasion for our companies to exchange experiences with companies from the African and global hydrocarbons sector. The Government of Equatorial Guinea is happy to provide opportunities in the hydrocarbons sector to all companies from African and the world, provided they come to contribute to the development of our country”.

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

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