Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Equatorial Guinea officially launches Year of Investment 2020 Campaign

Major U.S. firms have pledged to increase their investment in Equatorial Guinea in 2020

Equatorial Guinea has kicked off a year-long investment campaign aimed at driving capital investment into the country’s bankable projects; Major U.S. firms have pledged to increase their investment in Equatorial Guinea in 2020, along with Nigerian banking and financial institutions; Notable investment-ready projects include the construction of two modular oil…

African Energy Chamber
Source: African Energy Chamber |

Equatorial Guinea joins support to Saudi Arabia’s readiness to react to Coronavirus’ impact on oil market

Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, expressed confidence over the Chinese authorities’ abilities to contain and eradicate the new coronavirus

Equatorial Guinea fully supports the statement of Saudi Arabia’s Energy Minister made on Sunday, declaring that the Kingdom would be ready to react to any potential impact of the Coronavirus on the global oil market. Yesterday, Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, expressed confidence over the Chinese authorities’…

African Energy Chamber
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    • Atlantic Methanol Production Company to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea (1)
    • Atlantic Methanol Production Company to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea (2)
    • Atlantic Methanol Production Company to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea (3)
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Source: African Energy Chamber |

Atlantic Methanol Production Company to create a methanol-to-gasoline and derivatives unit to further monetize domestic gas produced in Equatorial Guinea

Atlantic Methanol Production Company (AMPCO) is part of a series of foreign investors planning to increase their investment in Equatorial Guinea this year

The Atlantic Methanol Production Company (AMPCO), which runs one of Africa’s largest methanol plant on Bioko Island in Equatorial Guinea, has decided to support the ongoing Year of Investment initiative and invest in the expansion and diversification of the country’s downstream sector. This was discussed during a meeting in Malabo…

Source: African Development Bank Group (AfDB) |

African Development Bank President Akinwumi Adesina opens trading on London Stock Exchange

“My ringing of the bell here today, marks the beginning of a new exciting, strategic, and impactful engagement.” – African Development Bank President Akinwumi Adesina

Don Robert, Chairman of London Stock Exchange Group, welcomed the president of the African Development Bank (https://www.AfDB.org/) to open markets for trading at London Stock Exchange on Wednesday 22 January. The reception in London followed the African Development Bank’s Africa Investment Forum, held in November last year. The innovative market-place…

South Sudan Ministry of Petroleum
Source: South Sudan Ministry of Petroleum |

Prequalification for Environmental Audit of Oilfields extended

The Republic of South Sudan has invited companies to bid for a tender to conduct a full environmental audit of the country’s oilfields

On the 9th of January, 2020, the Government of the Republic of South Sudan announced a tender for a comprehensive environmental audit of all the country’s producing oilfields. The Ministry of Petroleum made prequalification documents available to interested companies from its Juba headquarters, and its website.  Due to the amount…

African Energy Chamber
Source: African Energy Chamber |

President Putin's reappointment of Africa friendly Alexander Novak as Russia’s energy minister is great news for Oil and Gas market stability

The African Energy Chamber welcomes the reappointment of Minister Novak who has always supported the establishment of new alliances with Africa

Russia’s President Vladimir Putin has appointed a new cabinet, keeping key ministers. Amongst those retaining their seats in office is the country’s energy minister Alexander Novak who played an instrumental role in the oil production deal with the Organization of Petroleum Exporting Countries (OPEC). The African Energy Chamber (https://EnergyChamber.org/) welcomes…

African Energy Chamber
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    • Houston based Marathon Oil Corporation to Step Up Investment in Equatorial Guinea Following Meeting with H.E. President Obiang Nguema Mbasogo (1)
    • Houston based Marathon Oil Corporation to Step Up Investment in Equatorial Guinea Following Meeting with H.E. President Obiang Nguema Mbasogo (2)
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Source: African Energy Chamber |

Houston based Marathon Oil Corporation to Step Up Investment in Equatorial Guinea Following Meeting with H.E. President Obiang Nguema Mbasogo

Marathon Oil reiterated its commitment to Equatorial Guinea and towards the development of the country’s Gas Mega Hub

Marathon Oil Corp, one of the biggest energy investors in Equatorial Guinea, has committed to increase its investment in the required infrastructure to support the Government’s vision for the Gas Mega Hub and the Year of Investment initiative following a meeting with H.E. President Teodoro Obiang Nguema Mbasogo. In company…

African Energy Chamber
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    • Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery (1)
    • Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery (2)
    • Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery (3)
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Source: African Energy Chamber |

Equatorial Guinea’s Minister of Mines and Hydrocarbons visits the Waltersmith Modular Refinery

The refinery is on schedule for inauguration in May 2020

The leadership of Waltersmith Petroman carried out a site visit of the Watersmith Modular Refinery being constructed in southeastern Nigeria with H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea as its guest. Developed by Waltersmith Petroman Oil in partnership with the Nigerian Content Development and…

African Energy Chamber
Source: African Energy Chamber |

Equatorial Guinea Speeds Up Year of Investment Drive with Nigerian Investors

The delegation from Equatorial Guinea met with several Nigerian executives from the Africa Finance Corporation, Polaris Bank, Sterling Bank, First Bank, UBA and Zenith Bank

In line with its commitment to attract regional capital investment into the country, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, met with high-level Nigerian investors, bankers and financiers to discuss the opportunities offered by the country’s Year of Investment initiative. The delegation from Equatorial…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Africa Oil & Power launches Renewables, African LNG and Energy Finance Events at Africa Oil & Power 2020 in Cape Town

This year’s event will have a major focus on the driving factors behind Africa’s energy transition

Africa Oil & Power (https://AfricaOilandPower.com/) 2020 highlights African integration across borders throughout the entire energy value chain; AOP 2020 welcomes presidents, ministers, national oil company and utility heads, IPP and renewables executives and more for the fifth edition of Africa’s Energy Conference; This year’s event will have a major focus…