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Chinese energy companies show interest in Equatorial Guinea's oil and gas assets

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Oilfield Technology,

A number of public and private Chinese companies interested in investing in Equatorial Guinea and explore opportunities in oil and gas are set to attend the upcoming EG Ronda Licensing Round meetings in Beijing, China, organised by the African Energy Chamber.

The Chamber will be hosting the 2-day investor forum at the Kempinski Hotel Beijing on 2 - 3 July, on behalf of the Ministry of Mines and Hydrocarbons of Equatorial Guinea. Companies such as PowerChina Group, Sinochem, ENN Group, CCCC, CMEC, China Minmetals Corp, China Gas, Beijing Gas, Jincheng Anthracite Mining Group, PetroChina, Sinoenergy and CNOOC are confirmed to be attending.

“We look forward to welcoming Chinese and global stakeholders at the EG Ronda forum in China. This is going to start our drive to build a successful and profitable mining sector as we have done with oil and gas,” declared H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. “Our mining, oil and gas industry has one thing that foreign investor treasure which is certainty in the policies and regulations thanks to the leadership of the President. Operating for years with a predictable and reliable framework has made our country competitive and we are going to develop our oil, gas and mining resources to benefit investors and our people,” added the Minister.

The EG Ronda Licensing Round Roadshow 2019 will be showcasing the 27 oil and gas blocks on offer under the country’s 2019 oil & gas licensing round.

“Equatorial Guinea has improved its mining and oil and gas policies to reflect the best international practices, as well as improving legal certainty for investors. It is no secret why there is a lot of interest from investors towards our Beijing forum. The Chamber believes this will help attract more investments and jobs for to Equatorial Guinea. We expect Equatorial Guinea’s strategy of outreach and engagement with global markets to result in very successful licensing rounds this year,” said Mickaël Vogel, Director of Strategy at the Chamber.

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