The Mines Ministry and Hydrocarbons of Equatorial Guinea and African Energy Chamber to Host an Accessible Webinar on the Existing State of the Universal Demands
By Abdul Rahman Bangura –
NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leone- On Monday April 27th, 2020 the Mines Ministry and Hydrocarbons and the African Energy Chamber will host an upright webinar on the prevailing state of the accepted oil desires in the oil trade. H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea will oversee the conversation on the topic ‘The State of Oil Markets and Global Rebound’; The webinar will be mediated by Concepcion Esuba – Founder of Evicon and Caty Hirst – Director of Programming at Africa Oil & Power.
Featured on ‘The State of Oil Markets and Global Rebound’, the forthcoming to the civil webinar will talk about the incessant challenges in the international oil enterprise and what it will bring for the need to spring back in a strategy that will not dominate to mislay employment and development chances for arising African oil producers.
H. E Gabriel Mbaga noted, “The struggles we are encountering now are reminds me of those encountered in the 2014 price crash and, it is because of what arose then and how the global market was able to bounce back that I think we are better equipped to take this challenge of the recent market down turn and the COVID-19 pandemic head on,”
“We will rise up from this stronger, more productive with investors going on with their commitments. We just have to modify to the established environment and be forward-thinking in our decision making,” expanded Gabriel Mbaga Obiang Lima.
Equatorial Guinea has steered the tax in myriad ways for Africa’s oil and gas development, and proceeds to influence its membership in OPEC to motivate African oil producers to stand together – a message that jingled loud and clear during Minister Obiang Lima’s participation in the forum jointly hosted by EG Open for Business, iCubefarm, NASCO, and other oil and gas organizations in Equatorial Guinea last week. Despite Equatorial Guinea is heavily relied on oil and stands to be among the hardest hit by the price declining, the Ministry of Mines and Hydrocarbons continues confident.
“It is very important that Equatorial Guinea take the lead in driving this conversation, especially for Africa,” said Executive Preside for the CEMAC region at the African Energy Chamber, Leoncio Amada Nze Nlang. “Equatorial Guinea is one of the more established oil-producing countries the continent has to offer, and its growth is one that has made waves on a global scale. The country is well-positioned to provide a sense of confidence and reassurance to emerging producers that have some of the biggest projects in the world standing to be at risk of delays.”
In this regard, Africa has discerned a number of oil and gas endeavors sharing financing delays, drilling suspensions and terminations, deferrals and in the striking case of Senegal, the notice of force majeure on the Greater Tortue/Ahmeyim LNG project.
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