Government The Minister of Mines presents the future projects of his sector On Saturday afternoon, September 20, the "Oil and Gas 2014" dinner took place at a restaurant in Malabo. The purpose of this meeting was to launch the new issue of Togy magazine (The Oil and Gas Year), which offers the socioeconomic reality of companies, especially of the energy sector. During the dinner, Minister Gabriel Mbega Obiang Lima outlined the main plans and projects in which his department is now working.


The ceremony began with the screening of the video "ICM, Industrial City of Mbini" as one the projects that the Ministry of Mines, Industry and Energy for the industrialization plan of the Government of the Republic of Equatorial Guinea in view of Horizon 2020.

After the screening of the video, Agustin Mba Okomo, Director General of National Content, gave a brief explanation of the magazine TOGY, indicating that this is a tool that has served to project the oil sector in Equatorial Guinea. As indicated, the publication not only provides a collection of interviews with directors, but also contains technical data and documents, such as geological maps, distribution of blocks in the sea, production figures, etc.

-"In addition to this,”continued Mba Okomo, “TOGY also contains a highly developed direct relationship between companies that are working in our country in areas such as exploration, production, services, logistics, and even catering." He also spoke of the company Centurion LLP, "a company of national lawyers that employs young attorneys, which, besides hiring them, it offers them training to strengthen their legal knowledge, and give them the opportunity to learn English, which is important for those who wish to work in the oil sector."

After the speech of the representative of TOGY and of those of the other companies of the sector, the interventions ended with an address by the Minister Mines, Industry and Energy, Gabriel Mbega Obiang Lima, who, after welcoming the distinguished guests, expressed his appreciation for the new issue of the magazine, and to the company TOGY for the work done in recent years. He also thanked the oil companies that are driving the industry, because they have seen that this is a good platform for local companies to demonstrate what they are doing.

-"The TOGY publication has not only triumphed in Equatorial Guinea, but also internationally, and is the best way to demonstrate precisely how the economy of Equatorial Guinea is developing in the industry," said the Minister, who also expressed his thanks to the companies such as Marathon Oil Corporation, Ampco, LNG, Hess and Schlumberger for their presence.

-"I want to talk not only of 2014, but of 2015, which I think is the most important year of the oil industry in Equatorial Guinea," added Mbega. "Like many of my colleagues know, we have spent over two years working and carrying out different studies, but most of these projects will be implemented at the end of this year and beginning of next."

Gabriel Mbega Obiang Lima spoke of the upcoming projects of the department, such as the opening of the Technological Institute of Petroleum in Mongomo, which he defined as a "center that will be key for the development of oil and industry of Equatorial Guinea," and affirmed that it was funded by the oil sector, and that the future technicians, engineers, scientists and all Equatorial Guineans working in this plant will come from this center: "So no one will need to travel to other places like Nigeria, Dubai, Singapore or Germany because they will be able to study in Mongomo, be competent at the end of their training and work in any country with an oil industry, thanks to the technological knowledge acquired in this institute."     

The Minister also made ​​reference to other important projects of his department, such as the construction of the Integrated Petrochemical Complex, which is located in Riaba, to obtain products such as ammonium, urea, phosphate, etc., and the Bioko Oil Terminal (BIOTE) to produce refined products.

Then Gabriel Mbega referred to the construction in Bata of a gas plant for electricity and local consumption, and the factory of cables, transformers or aluminum. As indicated, the Government intends to invest approximately two billion (2,000,000,000) dollars in these plans; adding that these factories would be housed in the new Industrial City of Mbini (ICM), an ambitious and personal project of H.E. President Obiang Nguema Mbasogo.

After the Minister's speech, they proceeded to award the best companies and personalities, of the Ministry of Mines, Industry and Energy, and the institutions of the energy sector in our country.

Text: Filiberto Nseme Nsue
Photo: Mansueto Loeri Bomohagasi
(D. G. Base Internet Team)
Equatorial Guinea’s Press and Information Office

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