The President of Equatorial Guinea, H.E. Teodoro Obiang Nguema Mbasogo, has appointed Antonio Oburu Ondo, the former Managing Director of GEPetrol, the country’s national oil company, as the new Minister for Mines and Hydrocarbons after a major shakeup in his administration.
He replaces Gabriel Mbaga Obiang Lima–current President of the Organization of Petroleum Exporting Countries and the Gas Exporting Countries Forum who has been moved to the Ministry of Economy and Planning.
Antonio Oburu Ondo will leverage his years of industry experience and know-how to continue driving the industry forward, demonstrating his resolve by getting various projects off the ground, driving new drilling campaigns and developing new gas plants.
Having served as the Managing Director of GEPetrol, Ondo’s experience in the oil and gas industry would be instrumental as he leads the Ministry of Mines and Hydrocarbons towards realising the country’s energy sector and wider national development agenda.
Antonio Oburu Ondo has a long history as someone who understands the industry, and as such, he will help keep the market stable and continue working on attracting the necessary hydrocarbon-focused investments into the country, building on the progress that has already been achieved in Equatorial Guinea.
With over 1.1 billion barrels of proven crude oil reserves and 1.5 trillion cubic feet of natural gas, and with a slate of large-scale projects being developed under the country’s wider Gas Mega Hub initiative, Equatorial Guinea’s objectives to become a regional hydrocarbon processing hub are well underway, making clear the critical role oil and gas will continue to play in Africa.
Commenting on the appointment, NJ Ayuk, Chairman of African Energy Chamber, said:
“The Chamber looks forward to strengthening its relationship with Antonio Oburu Ondo in his new capacity as Minister of Mines and Hydrocarbons. We will continue to work closely with him as we have done in the past to help build a sustainable energy industry in Equatorial Guinea. The country is well on its way to become a global oil and gas hub, and at the Chamber, we will continue to make good on our promise to help drive new investment and development across the oil and gas value chain in Equatorial Guinea.
“Monetizing and maximizing Africa’s oil and gas reserves represents a critical way forward, especially during times of the energy transition, when Africa most needs industry expansion,” he added.
Source: https://energynewsafrica.com