FG Advocates African Energy Bank , As Equatorial Guinea Seeks Collaboration With Nigeria

The Minister of State for Petroleum Resources H. E. Timipre Sylva has re-echoed the need to have  African Energy Bank through African Petroleum Producers’ Organization  (APPO) in the continent.

The Minister disclosed this when he  received the Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea,  H. E. Gabriel Obiang Lima and his team in his office at the NNPC Towers, Abuja,

The meeting was a follow up to bilateral issues on energy transition and the need for African countries to work together both on bilateral and multilateral levels also advocated for the maximization of natural oil and gas resources in the continent.

H.E. Gabriel Obiang Lima who submitted the purpose of the meeting felicitated with Nigeria on the achievement over the Petroleum Industry Act.

He stated that his country had been following development in the Oil and Gas Industry in Nigeria and emphasized the need for cooperation to boost economic development in Africa

The interaction concluded by tasking the technical team of both countries to produce a concrete report that will translate to business opportunities between the two countries.