Lagos — The CABEF welcomes the official signing of the financing agreement between the Republic of Equatorial Guinea and Chevron for the Aseng Gas project, marking a decisive milestone for the region’s energy future.
This agreement significantly strengthens the participation of the national company GEPetrol, increasing its stake from 5% to 32.55%, and reflects a strong commitment to expanding local involvement in strategic energy projects.
For the CABEF, this development highlights a key dynamic:
🔹 Unlocking Africa’s energy resources while maximizing local socio-economic impact
🔹 Strengthening national participation across energy value chains
🔹 Creating a favorable environment for sustainable, large-scale investments
We commend the commitment of the Equatoguinean authorities and their partners in implementing structuring initiatives that help transform energy challenges into opportunities for inclusive growth
