• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

OPEC to receive New Leadership in 2023

Victor Odeyemi by Victor Odeyemi
December 4, 2022
in Africa, News, Oil & Gas
0
OPEC to receive New Leadership in 2023

Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, will take over as the President of OPEC for 2023

Share

The Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Mbaga Obiang Lima, will take over as the President of the Organization of Petroleum Exporting Countries (OPEC) in 2023, reestablishing Africa as a leading powerhouse in the global oil industry.

Among the largest producers of oil in Africa, Equatorial Guinea has seen exponential GDP growth as a result of its oil industry, with exports having been central towards driving the economy and socioeconomic development in the country.

As such, in the wake of a new era of cooperation and partnership-building in the continent, Minister Obiang Lima’s appointment as OPEC President is expected to facilitate a platform that will advance the interest of African oil and gas explorers and producers and all OPEC members.

As an intergovernmental organization OPEC holds significant influence over the global oil market. The organization and its member states account for nearly 40% of global oil supply and thus, have a critical role to play regarding market stabilization.

Having assumed the presidency, Equatorial Guinea will not only hold a more prominent position in the global energy arena, but will be able to voice an African perspective within the organization itself.

The country has been proactive in strengthening ties with both OPEC and non-OPEC country members, reaffirming its position as an important regional and international energy partner. Now, holding the OPEC Presidency, Equatorial Guinea will be able to actively influence decision-making in both the region’s, and wider continent’s favor, while promoting the challenges faced and opportunities present within Africa’s energy industry.

“We at the African Energy Chamber (AEC) are very pleased to see the appointment of Gabriel Obiang Lima as the President of OPEC,” states NJ Ayuk, Executive Chairman of the AEC, adding, “With a global climate that is pushing Africa and OPEC countries to abandon oil and gas, demand for oil and gas is increasing especially in emerging economies that need to industrialize, eradicate energy poverty and promote clean cooking”, added Ayuk.

“What Africa and the world needs more than anything right now is market stability. We are confident that Minister Obiang Lima will work with all OPEC member countries to ensure the needs of producers and consumers are met,” concluded Ayuk.

Previously held by the Republic of the Congo’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, whose tenure and skilled leadership at OPEC led to a new era of market stability for Africa, the appointment of Minister Obiang Lima is poised to demonstrate the continent’s steadfast commitment to working with a variety of stakeholders under the common goal of making energy poverty history in Africa by 2030.

For his part, Minister Obiang Lima has and continues to work towards bringing energy security to the African continent as a whole. He has served in the oil and gas sector since 1997 with past positions including Minister Delegate, Vice Minister, Secretary of State for Mines and Hydrocarbons, and Presidential Advisor of Hydrocarbons for Equatorial Guinea.

Post Views: 2
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Equatorial Guinea and Gabon Drive AfCFTA with Energy Deal
    Equatorial Guinea and Gabon Drive AfCFTA with Energy Deal
  • Nigeria and E Guinea Explore Partnership Opportunities For Oil and Gas Operations
    Nigeria and E Guinea Explore Partnership…
  • #IWD2023: Celebrating Outstanding Women in Micro Small and Medium Enterprises
    #IWD2023: Celebrating Outstanding Women in Micro…
Tags: Equatorial GuineaGabriel Mbaga Obiang LimaOPEC
Previous Post

International Breweries’ Kickstart Initiative Awards N60 Million Grant to 50 Young Entrepreneurs

Next Post

Kenya’s skincare firm, Uncover raises USD1M, eyes expansion across Africa

Next Post
Kenya’s skincare firm, Uncover raises USD1M, eyes expansion across Africa

Kenya’s skincare firm, Uncover raises USD1M, eyes expansion across Africa

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Call for Applications:2025 Meaningful Business 100 Program
  • Call for Applications: Young Innovators Accelerator 2025
  • The Fashion Games 2025: Fashion Future Program Graduates 2,000 Youths in a Dazzling Showcase of Creativity and African Excellence
  • Nigeria exits IMF Debtor List
  • HortiNigeria Trains 70,000 Farmers, Mobilises £4 Millon for Horticulture Growth

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.