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Equatorial Guinea joins support to Saudi Arabia’s readiness to react to Corona Virus’ impact on oil market

MALABO, Equatorial Guinea, January 27, 2020 – Equatorial Guinea fully supports the statement of Saudi Arabia’s Energy Minister made on Sunday, declaring that the Kingdom would be ready to react to any potential impact of the Coronavirus on the global oil market.

Yesterday, Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, expressed confidence over the Chinese authorities’ abilities to contain and eradicate the new coronavirus. He added that in the case of psychological factors impacting oil prices, the Kingdom would be ready to act with OPEC and OPEC+ members on maintaining the stability of the market.

“As an OPEC member, Equatorial Guinea stands by Saudi Arabia’s statement and is fully ready to engage on a coordinate action with OPEC if future evolutions of the coronavirus were to affect global oil market stability,” declared H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. “We share confidence in the ability of China and the international community to put an end to the spread of the virus at the soonest, and will continue to monitor market expectations accordingly.”

Distributed by APO Group on behalf of African Energy Chamber.

In More News – Kobe Bryant dead after being killed in a helicopter crash

NBA legend Kobe Bryant has been tragically killed in a helicopter crash, according to TMZ. The 41-year-old died in Calabasas on Sunday morning. Bryant was travelling with at least three other people when his private helicopter went down. Emergency personnel responded but were unable to save anyone that was on board with five people confirmed dead, according to the report.

It is claimed Vanessa Bryant was not on board. The cause of the helicopter crash is now under investigation. Bryant is considered one of the greatest basketball players of all time, having spent his entire career with the Los Angeles Lakers. He was an 18-time All-Star and was named in the All-NBA Team on 15 occasions. continue reading

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