Equatorial Guinea’s Minister of Mines and Hydrocarbons Gran Canaria on Thursday emphasized his country’s commitment to using its energy resources to diversify the economy. Equatorial Guinea is among the largest oil producers in Africa, with an output of 280,000 bopd. “Oil & gas has been fundamental to our growth and we have taken advantage of our resources to fuel development,” said the minister. As part of the country’s economic diversification initiative, Equatorial Guinea is looking to the Canary Islands to building a sustainable economy on tourism and services. The Year of Energy positions Equatorial Guinea as Africa’s energy hub, Canaria said.

Source: The North Africa Journal March 22, 2019 13:52 UTC