PRESS RELEASE

Malabo – August 19th, 2011

 

SIGNATURE OF AN AGREEMENT WITH VOPAK

The Ministry of Mines, Industry and Energy is pleased to announce the approval and signature of an agreement relating to the construction of a terminal for the storage of crude oil and crude oil products in Equatorial Guinea.

The Agreement was signed between the Ministry of Mines, Industry and Energy with the Dutch company VOPAK. The objective of this agreement is the construction of a terminal for the storage, processing and distribution of crude oil and crude oil products imported from outside Equatorial Guinea and for crude oil sourced in Equatorial Guinea to external markets.