Equatorial Guinea joins support to Saudi Arabia’s readiness to react to Coronavirus’ impact on oil market
Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, expressed confidence
over the Chinese authorities’ abilities to contain and eradicate the new coronavirus
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.”
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