The Gulf of Guinea oil-rich nation, Equatorial Guinea is now a proud member of the Organisation of Petroleum Exporting Countries. This milestone leap was a result of the Centurion Law Group who worked earnestly hard to make this a come true.
Centurion Law Group is a pan-African corporate law conglomerate. Operating at the cutting edge of business practices today, Centurion stands ready to provide outsourced legal representation and a full suite of legal services to new, expanding and established corporations.
Equatorial Guinea’s bid to join OPEC was accepted by unanimous vote at the 172nd OPEC meeting in Vienna on May 25, 2017.
This reputable African Law Firm was assigned by Equatorial Guinea government to follow up and make it possible for the oil-rich nation to join its fellow petroleum-rich nations in OPEC bloc.
The Centurion Law Group sets a pace as the first African law firm to facilitate an African nation’s entry into OPEC within a limited time frame.
Centurion congratulates the Ministry of Mines and Hydrocarbons for bringing Equatorial Guinea into OPEC, an initiative that demonstrates the massive progress made by the nation since the first oil and gas developments of the 1990s.
At the 172nd meeting of the OPEC members, Equatorial Guinea’s Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima met in a closed session with the OPEC ministers, who voted to accept the country’s application to join the bloc.
The Ministry of Mines and Hydrocarbons, which employed Centurion’s advocacy and lobbying services applied to join OPEC in January 2017 and had its application accepted just four months later.
H.E. Gabriel Mbaga Obiang Lima praised Centurion on its work facilitating the negotiations for Equatorial Guinea to join OPEC: “Our nation, and Africa as a whole, needs more companies that are as committed to our collective progress as Centurion,” Gabriel Mbaga Obiang Lima stated.
”The Government of Equatorial Guinea commends Centurion and its attorneys for their success in helping our nation join OPEC. Equatorial Guinea now stands tall among energy producers worldwide” he continued.
“Centurion’s purpose is aligned with that of the country and its government, and we are proud of the role that we have played in bringing Equatorial Guinea into OPEC.” NJ Ayuk, CEO of Centurion said.
The Pan African Law Group has played an active role in bringing investment to Malabo and facilitating the growth of the energy sector.
More importantly, key developments have included deep-water oil and gas production, LNG exports, methanol production, CNG public transport, and renewable power.
In 2017 the Ministry of Mines and Hydrocarbons is currently working on keystone projects that include a petrochemicals complex (REPEGE), tank farm (Bioko Oil Terminal) and the finalisation of the 2016 bidding round (EG Ronda 2016).
Equatorial Guinea’s entry into OPEC provides a new framework for cooperation on this and future energy innovations.
H.E. Gabriel M. Obiang Lima and NJ Ayuk will be keynote speakers at the Africa Oil & Power conference on June 5-7 in Cape Town. Mr Ayuk will as well launch his new book, Big Barrels: African Oil & Gas and the Quest for Prosperity at this event.