He made the remarks as he discussed recent growth and development in the oil and gas industry in Equatorial Guinea on the opening day of the Second Summit of the(GECF).
The forum started Monday, July 1, at the Grand Kremlin Palace in Moscow, Russia. It brought together international leaders such as President Obiang, Nicolas Maduro of Venezuela and Evo Morales of Bolivia, to discuss developments within theand promote solidarity within .
Equatorial Guinea has been ending the practice of flaring natural gas in its offshore oil fields and has been building facilities for storage and export. During his speech on the opening day, President Obiang also reiterated the summit's goal to promote unity among the participating gas exporting countries as the gas industry continues to evolve.
Participants spent the two days analyzing opportunities to defend the interests of exporting countries and promote growth for the future.
About Equatorial GuineaThe() is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply.The country hosted the 2011 Summit of the African Union. For more information, visit .
SOURCE Republic of Equatorial Guinea
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