Equatorial Guinea and Angola Strengthen Ties

This article was also published on Year of Investment, here 

The Secretary of State for Mining and Hydrocarbons of Equatorial Guinea, Santiago
Nsuga, is in Luanda this week to meet with his counterpart, José Barroso, to talk
about strengthening cooperation between the two countries within the oil and gas
sector.

According to the Angolan National Petroleum Agency (ANPG), the two officials met
at the agency’s headquarters to relaunch a binational cooperation program for the
energy field, with a particular focus on training programs for oil exploration,
production and trading.

On Tuesday, the Equatoguinean delegation visited the 65 000 barrel per day Luanda refinery.

Equatorial Guinea’s interest in the Angolan downstream sector has intensified in
recent months as President João Manuel Gonçalves Lourenço’s administration has
sought to make Angola self-sufficient in fuel consumption through investments in a
new network of refineries.

In June 2019, H.E. Gabriel Obiang Lima, Minister of Mines, Industry and Energy of
Equatorial Guinea, stated his country was interested in participating in the
construction of the Cabinda refinery and investing in the Angolan oil and gas sector
as a whole. The contract for the construction of the Cabinda facility has since been
awarded to Gemcorp Capital by the Angolan NOC Sonangol.

Returning for its second year, the Angola Oil & Gas Conference & Exhibition will be hosted in June 16-17, 2020 in Luanda, and will focus on an international investment drive aimed at bringing new deals and signing new entrants into Angola’s oil and gas sector.

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