Minister for Mines attends 34th Ordinary Session of APPA Council of Ministers

The Council of Ministers from the The African Petroleum Producers’ Association (APPA) met for their 34th Ordinary Session on 31st March, in Abidjan, Republic of Ivory Coast, under the auspices of H. E. Alassane Ouattara, President of the Republic of Ivory Coast. For Equatorial Guinea, Gabriel Mbega Obiang Lima, Minister for Mine and Hydrocarbons and Representative of the Republic of Equatorial Guinea in the institution, took part in all the work that took place on this occasion.

After examining dossiers and reports presented by the APPA Executive Secretary, the Executive Director of the APPA Fund, and the President of the Committee of Experts, the Council of Ministers took the following decisions:

o Adoption of a change to the name of the association, which will become the African Petroleum Producers’ Organisation, APPO.

o Approval of 2017/2018 budgets from the APPA Secretariat, and the APPA Fund for Technical Cooperation.

Along the same lines, and within the framework of the reform project for APPA, the following decisions were taken:

o The new APPA president, Bechir Madet, Minister for Petroleum and Energy from the Republic of Chad, was elected for the 2017/2018 period, who was entrusted with ensuring that the demands defined within the Terms of Reference (TOR) are adopted within the framework of the reform work.

o It was decided to hold an Extraordinary Session of the APPA Council of Ministers in Nigeria, in the month of July of 2017, in order to adopt the statutes for the APPA Reform project, following presentation of the final report.

On concluding the work, the APPA Council of Ministers made a joint declaration, in order to “set out their support for the process of stabilisation of the market established by the Organisation of Petroleum Exporting Countries (OPEC), since the signing of the Algiers Agreement of 28th September 2016, and the participation of OPEC non-member countries in this effort, established by the signing of the Declaration of Cooperation on 10th December 2016, in Vienna, Austria.

For that, the APPA Council of Ministers urged African countries to accelerate the processes of diversification for their economies, and the promotion of national content and good governability, aimed at the creation of an African petroleum market and petroleum products.

The Council of Ministers declared their determination to accelerate the work on the reform agenda for the association, and committed to intensifying actions of cooperation and mutual aid between APPA countries, because Africa must be part of the dynamic of energy transition for the lasting development of the continent”.

In order to continue working in favour of a better African continent, the APPA Council of Ministers concluded with the firm decision to continue to collaborate, while awaiting the agreed extraordinary session.

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

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