Nigerian Ministry of Petroleum Resources delegation holds bilateral meeting with Equatorial Guinea Ministry of Mines and Hydrocarbons

HE Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met HE Timipre Sylva, Minister of Petroleum Resources of Nigeria at the Presidential Palace in Malabo with the intention of strengthening bilateral relations between the two countries.

The meeting included the signing of a Memorandum of Understanding (MoU) that will consolidate new opportunities for the hydrocarbon sector for both countries and allow counterparts to collaborate on strategies to protect against maritime piracy as security remains a concern. major impact on energy infrastructure, with attacks reaching record highs in the Gulf of Guinea.

The ministers also agreed to accelerate joint cross-border cooperation for the supply of gas from Nigeria to Equatorial Guinea, which will also be an opportunity for Equatorial Guinea’s energy sector to see an additional step in its development plans of local content.

This agreement signals once again that energy cooperation between neighbors of the continent can unlock considerable value for African countries, particularly in the Gulf of Guinea, where there is great potential for collaboration.

This trip follows the appointment of HE Sylva by the Joint Ministerial Follow-up Committee of the Organization of the Petroleum Exporting Countries (OPEC) as Special Envoy to certain countries participating in the Declaration of Cooperation.

As part of his appointment, HE Syvla is responsible for communicating the principles of justice, transparency and equity in Gabon, Congo Brazzaville and South Sudan, which are also key stages of the road trip.

Its mission is also to ensure that countries continue to comply with oil prices in the international market as members of OPEC. With this in mind, he also met HE Obiang Nguema Mbasogo, Head of State of Equatorial Guinea, who confirmed the country’s commitment to cooperate with OPEC, while maintaining its production levels.

Attended the meeting of the delegation of Equatorial Guinea Robustiano Eyugue, director of hydrocarbons; Oscar García Director of the state-owned company; Jacinto Nguema Owono, Director of Local Content; Juan Antonio, director of Sonagas and Serapio, deputy director of Sonagas.

“The African Energy Chamber welcomes the commitments made by the ministers,” said Leoncio Amada Nze, President of the Cemac region of the African Energy Chamber. “We believe that it is only through regional collaboration that overarching issues such as OPEC compliance, hacking and the monetization of gas for domestic and international exports, will become a reality,” he added. .