Equatorial Guinea through its Vice President Teddy Nguema has inked an MoU with Suzepet for the contruction of a domestic refinery in a ceremony in Shanghai which saw Zhang Jinhong, president of SupeZet represent the energy and petrochemical sector company. <\/p>\n\n\n\n
“Within the framework of this meeting, we signed a Memorandum of Understanding to establish a joint venture aimed at building a refinery to process domestic crude oil,” Nguema wrote on X. <\/p>\n\n\n\n
The two also discussed the option of collaborating in associated industries such as ethylene production, natural gas processing, and green hydrogen technologies, with the goal of transforming our nation into a hub for energy transformation in the Gulf of Guinea.<\/p>\n\n\n\n
This agreement will allow the two parties to advance in defining the technical, commercial, and financial components of the project and marks the beginning of a collaboration aimed at transforming our industrial capacity in the energy sector.<\/p>\n\n\n\n
“Equatorial Guinea offers a solid investment environment, a favorable business climate, and a strategic geographic location to position itself as a subregional energy hub. I appreciate SupeZet’s interest, as well as its recognition of President Obiang Nguema’s policies and leadership. Our commitment is clear: to transform our natural resources into industrial wealth, employment, and energy sovereignty for the benefit of our people.” He concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"