Equatorial Guinea to host Hydrocarbons and Industry Forum in India to promote investment opportunities
The Equatorial Guinea-India Hydrocarbons & Industry Forum will take place on Jan 22 at The Leela Palace.
The Equatorial Guinea-India Hydrocarbons & Industry Forum will coincide with the India-Africa Hydrocarbons Conference, hosted by the Ministry of Petroleum and Natural Gas of India in New Delhi from Jan 20-22.
The forum will feature presentations by top ministry officials, including Gabriel Mbaga Obiang Lima, the Minister of Mines, Industry and Energy.
The ministry will present its policy and regulatory framework and the prime investment prospects in the oil and gas and industrial sectors. Some of the key opportunities on showcase will be offshore hydrocarbon exploration, mining, petrochemicals the Industrial City of Mbini and the Bioko Oil Terminal.
“India is a valued trade partner of Equatorial Guinea,” said Gabriel Mbaga Obiang Lima. “With several projects under development, we are eager to extend multiple investment opportunities to Indian enterprises and enhance our energy cooperation.”
Equatorial Guinea has made great strides to expand trade relations with Asian economies, which are major importers of African oil and gas.
Last April, President Obiang Nguema Mbasogo led a state visit to China that resulted in significant trade and cooperation agreements, including a $2-billion deal for infrastructure funding from the Industrial and Commercial Bank of China. In the industrial city of Dalian, the Equatorial Guinea Government hosted a trade and forum to promote multiple sectors of its economy. A resounding success, the forum finished with the signing of 6 memoranda of understanding for energy and industry projects between Equatorial Guinea and Chinese companies.
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