Event News

Here is a brief overview of the weeks new on Oil Review Middle East, from 14th - 18th May 2017

UAE and France jointly organised second UAE-France Oil and Gas Symposium in Abu Dhabi to explore opportunities in Oil and Gas industry and in energy sector

OPEC took part in IR Iran’s International Oil, Gas, Refining, and Petrochemical Exhibition 2017, which concluded Tuesday 16 May in Tehran

Hydrocarbons are high on the agenda for the first-ever Equatorial Guinea-Saudi Arabia Economic Forum, which will take place on 10 May 2017

The forum, to be held in the Saudi Arabian city of Jeddah, has been organised by the Ministry of Mines and Hydrocarbons of Equatorial Guinea, with the participation of the Centurion Law Group and Africa Oil & Power. Equatorial Guineas Minister of Mines and Hydrocarbons, Gabriel Mbanga Obiang Lima will give a presentation on important projects taking place in the petroleum sector. Identifying investment opportunities and bolstering trade ties between the two countries are the two main aims of the summit.

Agriculture and fisheries, two industries which rely heavily on access to energy, will also be discussed at the forum.

Equatorial Guinea is one of Africas largest oil producers, with oil and gas exports central to the countrys economic growth. The west African country has estimated oil reserves of 1.1bn barrels. While oil and gas production has declined in recent years, new discoveries have given the industry a boost. A final investment decision is expected soon on the Fortuna FLNG development, with the field estimated to hold around 1.3tcf in gas reserves. First gas is planned for 2020.