Chinese Energy Companies Push to acquire Mining, Oil and Gas Assets in Equatorial Guinea Ahead of July 2nd Roadshow

JOHANNESBURG, SOUTH AFRICA – EQS�- 27
June 2019 - Equatorial Guinea Ronda has received great
interest from public and private Chinese companies to invest in Equatorial
Guinea and explore opportunities in oil & gas and minerals at the upcoming
EG Ronda Licensing Round meetings in Beijing organized by the African Energy
Chamber.

Link
to Image 1: http://bit.ly/2X6gB6W

Link
to Image 2: http://bit.ly/2Fz8DgL

The
Chamber will be hosting the 2-day investor forum at the Kempinski Hotel Beijing
on July 2^nd and 3^rd, on behalf of the Ministry of Mines
and Hydrocarbons of Equatorial Guinea. The biggest names amongst the Chinese
energy industry are confirmed to attend, including companies such as PowerChina
Group, Sinochem, ENN Group, CCCC, CMEC, China Minmetals Corp, China Gas,
Beijing Gas, Jincheng Anthracite Mining Group, PetroChina, Sinoenergy, CNOOC
etc.

“We
look forward to welcoming Chinese and global stakeholders at the EG Ronda forum
in China. This is going to start our drive to build a successful and profitable
mining sector as we have done with oil and gas,” declared H.E. Gabriel Mbaga
Obiang Lima, Minister of Mines and Hydrocarbons who will be in Beijing next
week with his delegation of senior officials. “Our mining, oil and gas industry
has one thing that foreign investor treasure which is certainty in the policies
and regulations thanks to the leadership of the President.  Operating for years with a predictable and
reliable framework has made our country competitive and we are going to develop
our oil, gas and mining resources to benefit investors and our people,” added
the Minister.

The
EG Ronda Licensing Round Roadshow 2019 in Beijing will be showcasing the 27 oil
& gas blocks on offer under the country’s 2019 oil & gas licensing
round, and promote the high-potential that Equatorial Guinea has in minerals
such as gold, diamonds, bauxite and iron ore. H.E. Gabriel Mbaga Obiang Lima
will notably be accompanied by the Director General of Hydrocarbons and the
Director General of Minerals and Quarry, and hold several private meetings with
Chinese investors.

“Equatorial
Guinea has improved its mining and oil and gas policies to reflect the best
international practices, as well as improving legal certainty for investors. It
is no secret why there is a lot of interest from investors towards our Beijing
forum. The Chamber believes this will help attract more investments and jobs
for to Equatorial Guinea. We expect Equatorial Guinea’s strategy of outreach
and engagement with global markets to result in very successful licensing
rounds this year,” said Mickaël Vogel, Director of Strategy at the
Chamber.