Equatorial Guinea pulls out of Africa Oil Week over venue shift to outside Africa
The minister expressed his disappointment that the organisers
of this erstwhile for Africa critical event, London Based Hyve group had decided
to move the event away from Africa.
Minister Obiang Lima further stated, that he will send a
letter to all IOCs and service companies operating in Equatorial Guinea,
strongly encouraging them not to go Africa Oil Week in Dubai. He urged fellow
ministers and other industry stakeholders to not participate in the Dubai
initiative.
The minister reminded the meeting about the story of President Obiang hosting the Africa Nation’s Football Cup with two months’ notice when Morocco declined to do so as previously agreed due to fears of the Ebola crisis, rather than let Qatar host the cup.
This is not the time to abandon Cape Town, South Africa and
Africa. In addition to this, the minister looks forward to seeing Gwede
Mantashe, Minister of Mineral Resources in Cape Town to further promote the
African energy agenda through development and deal-making participation.
According to HE Gabriel Obiang, Duncan Clarke's vision and
love for Africa and it's oil industry should not be forgotten. He credits
Duncan Clarke for helping so many countries showcase their resources and
attract investments and urged the African Energy Chamber to continue that
legacy as it more critical now than ever.
Minister Gabriel will engage in an aggressive investment
drive over the next six months and will be in Cape Town, Houston, Doha, and
other cities to promote investment opportunities in Equatorial Guinea. He
pledged to work with other ministers from the CEMAC region and the African
Energy Chamber on finding solutions concerning the Central Bank’s (BEAC) new
currency regulations. According to him, IOCs and Independents have to be
welcomed in the region and we must create and enabling environment.
The African Energy Chamber thanked the Minister for his
strong support for South Africa and Africa.
“Many Africans got into Oil and Gas because of Duncan
Clarke. He opened doors for so many. That legacy must be respected and
preserved,” said Leoncio Nze, President of the African Energy Chamber, CEMAC
Region.
“When you're dealing with an issue like this, you don't need
everyone. You just need to be effective and we thank Minister Gabriel Obiang
for his effective advocacy for Africa in times of crisis.
"Our work to support the African Oil and Gas sector, will lead to a lot of changes on how Africa is viewed and how we respect this continent and it's people. We must be patient, whatever temporary inconvenience there may be, in the long run it will be better for everybody,” Nze added.
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