Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Equatorial Guinea's Minister H.E. Gabriel M. Obiang Lima Congratulates PetroVietnam On Its Expansion In Dubai

H.E. Gabriel M. Obiang Lima's recent visit to PetroVietnam's new Dubai office opens doors for future collaborations and mutually beneficial business relationships.


News provided by

PetroVietnam

Jan 15, 2020, 11:00 ET

Share this article

Share toX

Share this article

Share toX

Picture : L-R : Cindy Reverol Bermudez, International Advisor of PetroVietnam Dubai, Hon. Minister Gabriel M. Obiang Lima, Antonio De Santis, Executive Director of PetroVietnam Oil DMCC Dubai, at Petr
Picture : L-R : Cindy Reverol Bermudez, International Advisor of PetroVietnam Dubai, Hon. Minister Gabriel M. Obiang Lima, Antonio De Santis, Executive Director of PetroVietnam Oil DMCC Dubai, at Petr

DUBAI, United Arab Emirates, Jan. 15, 2020 /PRNewswire-PRWeb/ -- Equatorial Guinea's Minister of Mines, H.E. Gabriel M. Obiang Lima, recently visited PetroVietnam Oil Corporation's newly opened Dubai office to congratulate the team on their latest move.

His visit to the centre also marks the start of a possible profitable business relationship between the two countries through PetroVietnam Oil DMCC.

“Equatorial Guinea has discovered and produced but now we need to be responsible for our own resources and create entities at the international level. I hope one day we have entities like PetroVietnam and that’s why we’re focusing more on learning and training. This relationship is a priority now.”

Post this

"What I like about Vietnam is that they've gone through a smooth transition in the oil and gas industry – from discovering to transforming to operating," says H.E. Gabriel Obiang Lima. "Equatorial Guinea has discovered and produced but now we need to be responsible for our own resources and create entities at the international level. I hope one day we have entities like PetroVietnam and that's why we're focusing more on learning and training. This relationship is a priority now."

Known as an energy-efficient country, Equatorial Guinea is also a member of the OPEC. It is one of the smallest producers with OPEC and while H.E. Gabriel Obiang Lima notes that they cannot be like the bigger countries, their focus was to efficiently develop their resources.

He states that their key objective to join the OPEC was to learn from other countries and develop their resources.

"The Middle East is a good example of a transition from hydrocarbon to other ones and we too want to replicate the same. However, since our sector is only gas, we need to look at transitioning in that sector – upstream, midstream and downstream."

Over the last couple of years, there have been several discussions on fossil fuel exploitation and global warming. Particularly for countries heavily dependent on oil, this has been a huge matter of concern. H.E. Gabriel Obiang Lima finds it unfair to blame the suppliers for this.

"You cannot stop using fossil fuel immediately. They have been there for a long time and the fact that there is a demand for the same means that it is a commercially viable product."

Interestingly, the countries who have the fossil fuels are the ones that are developing. And they need those resources to develop. "The consumers have to use the resources responsibly."

Moreover, the world has witnessed a clear transition from oil to gas and Equatorial Guinea is all set to undergo the transformation. However, despite Africa being gas prone having witnessed a lot of gas discoveries, according to H.E. Gabriel Obiang Lima, there is still time for the transition.

"Previously, developing countries would produce oil and sell it to developed countries, their end-users. That trend is also changing. So we need to operate our resources well."

"The start of the relationship with PetroVietnam, a national oil company of Vietnam, will, therefore, open many doors of training and development for Equatorial Guinea," says H.E. Gabriel Obiang Lima.

"If the investor isn't coming in, you need to do it yourself. And Vietnam has already created a market in its own country for gas and final consumers. They have witnessed and worked through the transition so that learning is going to be an asset for us and would strengthen the relationship between Vietnam and Equatorial Guinea."

While extending his support to PetroVietnam, he also invites established entities across Asia to explore Africa for setup and investment.

"People are very scared of investing in Africa but that is a mistake. China has invested and has grown. They were willing to take the risk and in fact found the African countries very receptive. I'd also like to remind national oil companies that they are not government companies, so they need to be profitable. To be qualified as an IOC, you need to prove your worth outside your country. You cannot do it from sitting in your home country. You can become a profitable entity if you decide to grow beyond your borders."

In his closing remarks, Executive Director of PetroVietnam Oil DMCC, Mr. Antonio De Santis, thanked Hon. Minister Gabriel Obiang Lima, by saying, "Your visit to our office at the start of this new decade signifies a new beginning in the cooperation between both institutions. On behalf of our Chairman and members of our team here in Dubai, I would like to thank you as we look forward to working with your esteem country to harness the opportunity from your upstream production fields and gas projects."

SOURCE PetroVietnam

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.