Venezuela, Equatorial Guinea assess energy cooperation bilateral agreements

Representatives of the Governments of Venezuela and Equatorial Guinea held a meeting via video conference on Tuesday to follow up the five energy cooperation agreements endorsed by the two countries at the Gas Exporting Countries Forum, held in Malabo in late November 2019.

The video conference was headed by Gabriel Obiang Lima, Equatorial Guinea’s minister of Mines and Hydrocarbons, and was attended by representatives of Venezuela’s Bolivarian Government, including Yuri Pimentel, vice-minister for Africa of the Ministry of People’s Power for Foreign Affairs; Rander Peña, vice-president of International Affairs of Venezuela’s oil company Petróleos de Venezuela (PDVSA); Germán Márquez, vice-minister of Hydrocarbons, and authorities of Intevep and PDVSA Industrial.

Vice-minister Pimentel pointed out they appointed technical teams to fine-tune cooperation proposals from the memoranda and agreements endorsed and implement the energy bilateral cooperation in the short term.

Pimentel recalled that Venezuela and Equatorial Guinea signed a Framework Agreement on Energy Cooperation in 2009.

Based on this agreement, and on the occasion of the Gas Exporting Countries Forum held in November 2019, the two countries endorsed two memoranda of understanding (MoU) on Onshore Prospecting in Continental Equatorial Guinea and trade of goods and services, and three agreements on specialized technical assistance and consulting, development and applied research, training and cooperation between oil companies of both countries.

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