Equatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

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.

 

Image: https://bit.ly/2Utv4eV

 

- Advertisement -

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.

 

- Advertisement -

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.

Read Also:  GSB Gold Standard Banking, Josip Heit and The Value of Gold

 

- Advertisement -

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.

Read Also:  GSB Gold Standard Banking, Josip Heit and The Value of Gold

Equatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand Spur

- Advertisement -
Equatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand SpurEquatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Equatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand SpurEquatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand Spur

Latest News

Global Digital Advertising Spending to Jump 14% YoY and Hit $395B in 2021

Although the COVID-19 pandemic slowed the growth of digital advertising, online ads are still expected to increase their market...

Xiaomi shares slide despite positive third-quarter performance

Xiaomi shares slid 3.7% today in Hong Kong to HK$26.15, despite the phone maker’s positive financial and operating performance during the third quarter of the year. The...

Pandemic winners: HP and Dell report better than expected earnings

Both HP and Dell reported their earnings after the close of markets yesterday. The earnings were better than expected as the work-from-home trend lifted...

Manchester City 2020-2021 Squad Most Expensive Out of Top 5 Leagues

Football transfer fees have exploded over the last two decades with some of the top clubs not afraid to spend more than €100M for...

InfraCredit to Raise Fresh Capital

The Infrastructure Credit Guarantee Company (InfraCredit) has revealed plan to raise additional capital to fund critical projects in Nigeria. The unit of the Nigeria Sovereign...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand SpurEquatorial Guinea Shortlists Companies for Key Energy Projects under its Year of Investment - Brand Spur