MALABO, EQUATORIAL GUINEA – EQS Newswire – 30 March 2020 – The Board of Directors of the Ministry of Mines and Hydrocarbons (MMH) of...

MALABO, EQUATORIAL
GUINEA – EQS Newswire – 30 March 2020 – The Board of Directors of the Ministry of Mines and Hydrocarbons
(MMH) of Equatorial Guinea has selected and revealed the key companies
shortlisted for the execution of its landmark projects under its ongoing Year
of Investment. The decision was adopted during a meeting on March 19th, 2020.

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At Punta Europa, where most of Equatorial
Guinea’s gas and energy activities are currently located, the country is
building a modular refinery, storage tanks and a methanol-to-derivatives plant.
Interested companies for the modular refinery include American oil company Marathon
Oil, a Spanish-Russian consortium of Selquimica International with Engineering
and Energy, and British company Rosslyn Energy.

The latter is also interested in the
development of the Storage Tanks, along with British company Orange Resources
Worldwide and the China Communications Construction Company.

Finally, the Methanol-to-Derivatives project
has attracted the interest of South African company Pan African Energy,
Nigerian company Bugabi Group, and Danish catalysis company Haldor Topsoe.

At Kogo South of the nation’s economic capital
Bata, the second Modular Refinery project has attracted the interest of
Egyptian company Petrojet, British company Rosslyn Energy, the Spanish-Russian
consortium of Selquimica International with Engineering and Energy, and
UAE-based SDLE International DMCC. Meanwhile, South African company Grindstone
Resources and Omani company MSS LLC are both shortlisted for the gold refinery
project and the Minerals Industrial Zone.

While the MMH is still registering interest from
additional players, including Chinese companies, these are the shortlisted
potential investors for these projects so far.

“Equatorial Guinea has postponed most
investment conferences under its Year of Investment in 2020 due to the ongoing
pandemic of coronavirus, but we keep working with our team and our partners on
having all these projects break ground as soon as possible. These are landmark
infrastructure development projects that will ensure the sustainable growth of
our hydrocarbons and minerals industry, create jobs and generate income for the
state and citizens for decades to come,” commented H.E. Gabriel Mbaga Obiang
Lima, Minister of Mines and Hydrocarbons.

Source:: Media Outreach

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