Thursday, January 31, 2013

Equatorial Guinea Holds Seminar to Strengthen the National Gas Company

Government works to diversify economy

Gabriel Mbaga Obiang Lima, the Minister of Mines, Industry and Energy in Equatorial Guinea, recently led a seminar on promoting the National Gas Company (Sonagas) as a leading contributor to the country’s economy.

The seminar, officially titled “The Local Company as an Economic Motor of the Country,” was held from January 24 to 25, 2013 at the Sonagas building in Malabo. Professionals from local businesses participated in discussions and analysis of ways to improve the nation’s energy, industry and mining sectors.

Specifically, the attendees addressed issues such as the current business situation in the hydrocarbon sector; policies to promote business and development; and the organization of companies and funding sources.

The seminar is an example of the Government of Equatorial Guinea’s efforts to leverage the success of its oil industry to improve the country’s economy. The oil sector has driven growth in other industries and provided revenue that has allowed the Government to invest in infrastructure development such as highways, ports and airports.