Head of State oversees opening of new ExxonMobil headquarters

On Friday 2nd June, the President of the Republic, H. E. Obiang Nguema Mbasogo, oversaw the opening ceremony for the ExxonMobil headquarters in Malabo II.

The opening ceremony featured within the framework of activities organised to mark the 75th Anniversary of the Birth of H. E. Obiang Nguema Mbasogo. At the event there were speeches from the president of ExxonMobil Production, Neil Duffin, and the Minister for Mines and Hydrocarbons, Gabriel Mbega Obiang Lima, who offered an ExxonMobil Equatorial Guinea (MEGI) company flag.

The new headquarters will strengthen the collaboration already in place between Equatorial Guinea and the oil company.

For his part, H. E. Obiang Nguema Mbasogo mentioned in his speech the historical importance of ExxonMobil in the development process of the petroleum sector in the country, as he considers the company to be a leader in the operations to exploit hydrocarbons in Equatorial Guinea.

“Following the tentative petroleum exploitation activities begun by the predecessor company Walter International in 1992, the increase in production took off for the first time in Equatorial Guinea with the arrival of the ExxonMobil oil company, with Equatorial Guinea being declared an oil-producing company in 1995.

We recall that prior to this, Equatorial Guinea had been declared a country of risk for oil investment, and here I want to underline the intrepid, brave and determined character of the American companies, who faced the dangerous campaign that in those times was being waged against our country in all aspects.

Despite this campaign of intimidation against all foreign investment, the collaboration with ExxonMobil has contributed a great deal to the development of the oil industry in Equatorial Guinea, whose activities have aroused the interest of American companies to join the sector, passing on the technology to national companies and obtaining resources which have radically changed the socio-economic and political development panorama in the country.

In fact, relations between ExxonMobil and the Government are a harmonious collaboration, with mutual respect for the interests and exchange of technological experiences in the sector, as two partners and allies.

This collaboration has allowed the Government to increase its participation in the oil business, by creating an ExxonMobil-Government joint venture, the headquarters of which we are opening today”, said the President of the Republic.

In conclusion, the Head of State congratulated the company for its collaboration with the State, and invited other companies to follow this example in order to guarantee the security of their activities, increase their interest in the country, and contribute towards the development of environmental infrastructures.

The cutting of the ceremonial ribbon, a visit to the various areas of the building, and the signing of the visitors’ book were the final activities in the ceremony, which was attended by the presidents of constitutional bodies, and the executive from the PDGE National Office, led by the General Secretary, Jeronimo Osa Osa Ecoro, among other figures.

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

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