HE Mr. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, officially inaugurated the Cameroonian oil operator, the first Tradex gas station last week after nine months of construction work.
The new service station located in Malabo II was built by the Equatorial Guinean company Alammarin For Construction SL and has a storage capacity of 100,000 liters of fuel and 300 tanks of 12.5 kg of butane gas.
The launch of Tradex’s flagship gas station in the country marks its entry into Equatorial Guinea’s petroleum products market and is part of its three-year expansion plan, launched in 2019, to invest approximately $ 25 million in Equatorial Guinea through the construction of a network of 10 service stations.
In accordance with the objectives set by AfCTA, the collaboration between Equatorial Guinea and Cameroon thus highlights the substance of regional integration and the exciting prospect of local strategic solutions to local challenges and is an excellent example of the effectiveness of the allocation of local resources.
“This project addresses the shortage of the refined product which has turned out to be a challenge for our country,” said HE Gabriel Mbaga Obiang Lima. “At the same time, we hope that the objectives set in our partnership with Tradex can be seen as a reflection of the government’s commitment to increase the number of investors in the country and to encourage sub-regional integration”, he added.
Also breaking new ground on the company’s second service station, Tradex Managing Director Mr. Bassalang George shared details of the company’s short-term expansion plan, driven by the goal of securing supply permanent position in refined petroleum products in Equatorial Guinea. Specifically, he said the company intends to complete construction of five more sites by the end of 2021.
“We are delighted to see the launch of Tradex’s first filling station in Malabo,” said Leoncio Amada Nze, President of the CEMAC region of the African Energy Chamber. “This is the first in a long series to come. We are happy that Equatorial Guinea was able to see this launch nine months after the laying of the first brick. We are also delighted to see the start of construction of the second gas station which will be located in the Ela Nguema district, ”he added.
- Coronavirus – Nigeria: Community informants use mobile data collection tools to strengthen COVID-19 surveillance
- Central African Republic ‘highly unstable’ despite significant progress – UN peacekeeping chief
- Coronavirus – Eritrea: Ministry of Health announcement (February 24, 2021)
- Coronavirus – Ethiopia: COVID-19 update (February 24, 2021)
- Coronavirus – Malawi: COVID-19 update (February 24, 2021)
- FIFA President’s African visits continue
- Coronavirus – South Africa: COVID-19 update (February 24, 2021)
- Coronavirus – Eswatini: COVID-19 update (February 24, 2021)
- Coronavirus – Nigeria: COVID-19 update (February 24, 2021)
- Coronavirus – Uganda: COVID-19 update (February 24, 2021)