Lagos — CABEF has welcomed the official signing of the financing agreement between the Republic of Equatorial Guinea and Chevron for the Aseng Gas project, marking a decisive step for the region’s energy future.
This agreement significantly strengthens the participation of the national company GEPetrol, increasing from 5% to 32.55%, and illustrates a firm commitment to increasing local involvement in strategic energy projects.
For CABEF, this development illustrates a key dynamic:
🔹 To develop African energy resources while maximizing local socio-economic impact
🔹 Increase national participation in energy value chains
🔹 Create an environment conducive to sustainable and large-scale investments
We welcome the commitment of the Equatorial Guinean authorities and their partners in implementing structuring initiatives, which contribute to transforming energy challenges into opportunities for inclusive growth.
