Connect with us
Anglostratits

Business

African Energy Week (AEW) 2023 Country Spotlight to Solidify Equatorial Guinea’s Position as a Gas Mega Hub

Published

3 years ago

on

African Energy Week

A dedicated country spotlight taking place during African Energy Week 2023 offers stakeholders the unique opportunity to discover lucrative prospects in Equatoguinean oil, gas and renewable energy

JOHANNESBURG, South Africa, July 6, 2023/APO Group/ — 

Equatorial Guinea, a small yet resource-rich country in Central Africa, presents a compelling energy investment destination. With a proven track record in oil and gas production, showcasing a strong Liquefied Natural Gas (LNG) export industry and with growing interest in renewable energy, Equatorial Guinea offers a wealth of opportunities for forward-thinking investors seeking attractive returns and long-term partnerships. At the upcoming African Energy Week (AEW), scheduled to take place 16-20 October in Cape Town, the country will showcase its opportunities through a dedicated Invest in Equatorial Guinea country spotlight session. This will connect potential investors to the opportunities and prospects that lie within this resource rich country.

What makes Equatorial Guinea attractive is its willingness to offer lucrative opportunities through Production Sharing Contracts (PCS), providing a platform for international companies to partner with the government in exploring and developing the country’s untapped oil and gas reserves. These contracts offer attractive terms and favorable fiscal frameworks, ensuring a mutually beneficial relationship for both investors and the country itself. In February 2023, Equatorial Guinea signed three PSCs, including a significant agreement with Panoro Energy, granting them a 56% sharing interest operatorship in Block EG-01, solidifying their presence in the country. Concurrently, Africa Oil Corporation entered the Equatorial Guinean market through two PSCs, securing an 80% stake in Block EG-18 and Block EG-31, respectively. This demonstrates the country’s openness to signing additional PSCs to drive industry growth and progress.

Additionally, Equatorial Guinea has been actively engaged in bilateral agreements to monetize its oil and gas resources. In March, Equatorial Guinea signed a bilateral treaty with Cameroon to foster cooperation between the two West African nations in the development and monetization of oil and gas resources across their shared borders. This significant agreement not only opens new prospects for oilfield development but also enhances regional energy security in the respective countries. These agreements allow for the exploration, production and export of hydrocarbons to international markets. Through strategic partnerships, investors can capitalize on the country’s existing infrastructure and market access to maximize their investment returns.

Working towards establishing itself as a regional Gas Mega Hub, Equatorial Guinea is developing a series of major infrastructure projects aimed at enhancing the country’s gas monetization capabilities. The Gas Mega Hub will serve as a central hub for gas processing, liquefaction and distribution, and will require the expertise of highly skilled companies to successfully process LNG. This serves as a unique opportunity for companies and investors to participate in the market and capitalize from this transformative initiative.

Equatorial Guinea is also actively promoting downstream market expansion, including refinery construction and petrochemical marketing, creating opportunities for investors. The downstream market is projected to grow over 2% annually from 2020 to 2025, driven by increased gas production and expanded refining capacity. This includes modular oil refineries, ammonia and urea plants, Liquefied Petroleum Gas storage, a methanol-to-gasoline unit and CNG plant expansion. These initiatives will contribute to the overall expansion of Equatorial Guinea’s downstream sector, and thus, financing such expansion is crucial.

As the country strives for sustainable and diversified energy production, it welcomes investors with open arms

Meanwhile, investing in Equatorial Guinea’s renewable prospects holds immense potential for investors. The country has the capacity to generate up to 3,000 MW of solar power, which can play a significant role in diversifying the energy mix and meeting the growing electricity demand. Furthermore, the ongoing construction of the Djibloho hydroelectric project is set to add an additional 200 MW of electricity upon completion. This hydroelectric initiative, coupled with other planned hydropower projects, will not only bolster Equatorial Guinea’s renewable energy portfolio but also aid in its long-term energy security. By capitalizing on these renewable opportunities, investors can participate in the country’s sustainable energy transition and reap the benefits of a forward-looking and environmentally conscious investment.

“Equatorial Guinea’s energy sector presents a wealth of investment opportunities, driven by its rich oil and gas reserves, expanding LNG export capabilities, emphasis on downstream development, and growing interest in renewable energy. As the country strives for sustainable and diversified energy production, it welcomes investors with open arms,” states NJ Ayuk, the Executive Chairman of the African Energy Chamber (AEC).

What’s more, the country has made significant strides in fostering an attractive investment climate. The government is dedicated to enhancing transparency, promoting foreign direct investment and establishing investor-friendly regulations. Measures have been taken to ensure the protection of investors’ rights, further bolstering the confidence of potential stakeholders.

“Having an Equatorial Guinea country spotlight session at AEW will be extremely beneficial for the country. By leveraging Equatorial Guinea’s favorable investment climate, promising projects and existing infrastructure, astute investors can capitalize on this vibrant sector and reap substantial rewards,” added Ayuk.

AEW is the AEC’s interactive exhibition and networking event that seeks to unite African energy stakeholders, drive industry growth and development, and promote Africa as the destination for African-focused events. For more information, visit www.AECWeek.com

Distributed by APO Group on behalf of African Energy Chamber.

Related Topics:
Continue Reading
Advertisement

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

2 days ago

on

February 6, 2026

By

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

2 days ago

on

February 6, 2026

By

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

2 days ago

on

February 6, 2026

By

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending