The Minister for Mines and Hydrocarbons of Equatorial Guinea, Antonio Oburu Ondo, says the country is looking to establish cooperation with other African countries to develop its oil and gas potential.
According to him, regional cooperation among African nations would go a long way to help in achieving energy security.
Ondo, who said this in a speech at the African Energy Week in Cape Town, South Africa, noted that Equatorial Guinea, recently, signed a bilateral trade agreement with Cameroon on cross-border oil and gas development.
Continuing, he said a similar agreement was signed with Nigeria in 2022.
“We are always looking for additional opportunities for regional collaboration.
“We are also aiming to form partnerships with more private sector companies which will drive ongoing exploration in our country and, in turn opens the door to economic growth and diversification,” he said.
Ondo, who is also the President of OPEC, mentioned that oil exploration and production is currently gaining momentum because of the enabling environment created for investment and strong records of offshore finds.
Source: https://energynewsafrica.com
