JOHANNESBURG, SOUTH AFRICA – Media OutReach – 11 June 2019 – The African Energy Chamber will host an investment forum in Beijing on 2-3...

JOHANNESBURG,
SOUTH AFRICA – Media OutReach
11 June 2019 – The African Energy Chamber will host an investment forum in
Beijing on 2-3 July 2019, with a focus on giving Chinese and Asian investors
access to Equatorial Guinea’s EG Ronda 2019 Licensing Rounds for oil and gas
and mining. The forum will be held at the Kempinski Hotel Beijing Lufthansa
Center.

Earlier
this year, the Ministry of Mines and Hydrocarbons of Equatorial Guinea launched
its first-ever mining licensing round, as well as the 2019 oil and gas
licensing round in the country. These rounds are key to further boosting
exploration in Equatorial Guinea and supporting the country’s economic
diversification by developing its high-potential mining and minerals industry.

“This
forum in China is central to Equatorial Guinea’s strategy of attracting a
variety of investors and companies to explore the country’s oil and gas and
mineral resources,” declared H.E. Gabriel Mbaga Obiang Lima, Minister of Mines
and Hydrocarbons. “We will be presenting opportunities in both licensing rounds
and holding private meetings with interested investors. We are offering
acreages with very high potential for world-class discoveries and also a
reformed business environment that makes us very competitive internationally.
We welcome all stakeholders from China and the region to come to this roadshow
and engage with us on business opportunities in Equatorial Guinea.”

The forum
in China will showcase 27 blocks on offer under the 2019 Oil & Gas
Licensing Round, including blocks EG-23 and EG-27 (former Block R, which
contains the giant Fortuna gas find) for appraisal development and 25 other blocks
for exploration. It will also present Chinese companies with the opportunities
to explore Equatorial Guinea’s mineral resources, especially in the Rio Muni
area in the country’s Littoral Province. While unexplored, the area holds vast
potential in mineral deposits such as gold, diamonds, base metals, iron ore and
bauxite.

“The
Chamber and our Chinese counterparts are excited to host EG Ronda’s Oil &
Gas and Mining Licensing Rounds in China. Equatorial Guinea remains largely
untapped and underexplored. Chinese investors are keen to engage and do good
deals in the energy industry and we welcome their support,” said Mickael Vogel,
AEC Director of Strategy.

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Image: https://imgur.com/QxO05aZ

For
more information, please consult https://egronda.com. Interested parties may register to the
roadshow by sending an email to
mickael@energychamber.org.

Source:: Media Outreach

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