Vienna, June 19, 2018 — H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, today met with the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), H.E. Mohammed Sanusi Barkindo, pledging his continued support to the Declaration of Cooperation. The two also discussed issues of mutual concern to OPEC and Equatorial Guinea.
Equatorial Guinea became an official member of OPEC last year, after first participating in the Declaration of Cooperation as one of the non-member states pledging to cut production to reduce overhang and return market stability to the oil sector.
“Equatorial Guinea is proud to play an important role in returning stability to the global oil markets and remains committed to prioritizing long-term cooperation between OPEC and non-OPEC states,” said the minister at the meeting.
Equatorial Guinea has traditionally been sub-Saharan Africa’s third largest oil producer but was overtaken by the Republic of the Congo just this year. The country is aggressively pursuing new exploration and production schemes and is leading a new era of coordination and partnership-building in Africa.