https://en.sputniknews.africa/20250211/equatorial-guinea-welcomes-russias-investment-in-energy-sector-official-says-1070592306.html
Equatorial Guinea Welcomes Russia's Investment in Energy Sector, Official Says
Equatorial Guinea Welcomes Russia's Investment in Energy Sector, Official Says
Sputnik Africa
Equatorial Guinea's energy sector, rich in oil and natural gas potential, faces declining production due to under-investment and a lack of new discoveries; in... 11.02.2025, Sputnik Africa
2025-02-11T11:40+0100
2025-02-11T11:40+0100
2025-02-11T12:22+0100
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Equatorial Guinea is interested in Russian investments in the energy and mineral sectors, Deputy Minister for Hydrocarbons and Mining Domingo Mba Esono said during a conference on cooperation between Equatorial Guinea and Russia.The minister recalled that the USSR and Equatorial Guinea actively cooperated in various fields and noted that Russian companies are showing increasing interest in the country at the present stage. He mentioned the projects of the Russian state-owned multinational energy corporation Gazprom in Equatorial Guinea and spoke about the proposals of Russian companies to carry out geological exploration works to find mineral deposits.State Secretary for Trade, Enterprise Development and Industry Juan Pedro Ava Nsolo stressed that the country is open to Russian investors in any area.
https://en.sputniknews.africa/20250210/developing-relations-with-african-countries-is-russias-foreign-policy-priority-russian-official-1070586153.html
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russia-africa cooperation, russia, equatorial guinea, cooperation, energy, minerals, mining
Equatorial Guinea Welcomes Russia's Investment in Energy Sector, Official Says
11:40 11.02.2025 (Updated: 12:22 11.02.2025) Ekaterina Shilova
Writer / Editor
Equatorial Guinea's energy sector, rich in oil and natural gas potential, faces declining production due to under-investment and a lack of new discoveries; in 2022, the country's oil production fell below 100,000 barrels per day, according to OPEC data.
Equatorial Guinea is interested in Russian investments in the energy and mineral sectors, Deputy Minister for Hydrocarbons and Mining Domingo Mba Esono said during a conference on cooperation between Equatorial Guinea and Russia.
"Our ministry welcomes the entry of Russian companies into our market and, for its part, is ready to provide them with the necessary information," he said.
The minister recalled that the USSR and Equatorial Guinea actively cooperated in various fields and noted that Russian companies are showing increasing interest in the country at the present stage. He mentioned the projects of the Russian state-owned multinational energy corporation
Gazprom in Equatorial Guinea and spoke about the proposals of Russian companies to carry out geological exploration works to find mineral deposits.
State Secretary for Trade, Enterprise Development and Industry Juan Pedro Ava Nsolo stressed that the country is open to Russian investors in any area.
