MALABO - The Minister of Mines and Hydrocarbons of Equatorial Guinea, Gabriel Lima, will take over as the President of the Organisation of Petroleum Exporting Countries (OPEC) in 2023, re-establishing Africa as a leading powerhouse in the global oil industry.
Among the largest producers of oil in Africa, Equatorial Guinea has seen exponential Gross Domestic Product (GDP) growth as a result of its oil industry, with exports having been central towards driving the economy and socioeconomic development in the country.
As such, in the wake of a new era of cooperation and partnership-building in the continent, Lima’s appointment as OPEC President is expected to facilitate a platform that will advance the interest of African oil and gas explorers and producers and all OPEC members.
