Angola and Equatorial Guinea will re-launch cooperation in the field of oil and gas, as part of the strengthening of ties between the two countries.
This was confirmed Monday by the Secretary of State for Mining and Hydrocarbons of Equatorial Guinea, Santiago Nsuga, during an audience granted by his Angolan counterpart, José Barroso.
The two interlocutors assessed the impact of the Coronavirus (COVID-19) pandemic, and the implications of the drop in the price of a barrel of oil on the global market.
The two country are members of OPEC (Organisation of Petroleum Producing Countries).
On the cooperation agenda between the two countries, the re-launch of the agreements that will cover the sectors of staff training, production, exploration and marketing of hydrocarbons, aimed at transforming natural resources into development and the well-being of families.
The Angolan oil industry has a history that goes back to 1900-1910.
Angola also has experience with the Non-Liquefied Gas project (Angola LNG), in the province of Zaire, with a capacity of 5.2 million tonnes/year, and is therefore an important source of exchange for Equatorial Guinea, an oil producer and gas that already has established relations with Cameroon, Nigeria and São Tomé and Príncipe.