{"id":28384,"date":"2021-02-23T20:04:27","date_gmt":"2021-02-23T19:04:27","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=28384"},"modified":"2021-10-07T00:24:15","modified_gmt":"2021-10-07T00:24:15","slug":"equatorial-guinea-inaugurates-cameroonian-oil-operator","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/equatorial-guinea-inaugurates-cameroonian-oil-operator\/","title":{"rendered":"Equatorial Guinea inaugurates Cameroonian oil operator"},"content":{"rendered":"<p>Teodoro Obiang Nguema Mbasogo of Equatorial Guinea has officially inaugurated Cameroonian oil operator, Tradex\u2019s first service station last week after nine months of construction work.<\/p>\n\n\n<p>The new filling station located in Malabo II was constructed by Equatoguinean company, Alammarin For Construction SL and has a storage capacity of 100,000 litres of fuel and 300 tanks of 12.5kg of butane gas.<\/p>\n\n\n<p>The launch of Tradex\u2019s flagship filling station in the country signals its entrance into Equatorial Guinea\u2019s petroleum products market and, forms part of its three-year expansion plan, launched in 2019, to invest approximately $25 million in Equatorial Guinea through building a network of 10 service stations.<\/p>\n\n\n<p>In line with the objectives set by AfCTA, the collaboration between Equatorial Guinea and Cameroon in this way highlights the substance of regional integration and the exciting prospect of local strategic solutions to local challenges and, is a prime example of the efficacy of local resource allocation.<\/p>\n\n\n<p>\u201cThis project comes to remedy the stock break of the refined product that has proven to be a challenge for our country,\u201d said H.E. Gabriel Mbaga Obiang Lima.<\/p>\n\n\n<p>\u201cAt the same time, we hope the goals set in our partnership with Tradex can be considered as a reflection of the government\u2019s dedication to increasing the number of investors in the country and encouraging subregional integration,\u201d he added.<\/p>\n\n\n<p>Also breaking ground on the company&#8217;s second services station, Tradex\u2019s Managing Director, Mr. Bassalang George shared details on the company\u2019s near-term expansion plan which is driven by the goal to ensure a permanent supply of refined petroleum products to Equatorial Guinea.<\/p>\n\n\n<p>Specifically, he said the company intends to complete construction on five more locations by the end of 2021.<\/p>\n\n\n<p>\u201cWe are excited to see the launch of Tradex\u2019s first filling station in Malabo,\u201d said Leoncio Amada Nze, President of the CEMAC Region for the African Energy Chamber.<\/p>\n\n\n<p>\u201cThis marks the first of many to come. We are glad that Equatorial Guinea was able to see this launch just after nine months since the first brick was laid.<\/p>\n\n\n<p>We are equally excited to see the commencement of construction on the second gas station which will be located in the Ela Nguema district,\u201d he added.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-28384\" data-postid=\"28384\" class=\"themify_builder_content themify_builder_content-28384 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Teodoro Obiang Nguema Mbasogo of Equatorial Guinea has officially inaugurated Cameroonian oil operator, Tradex\u2019s first service station last week after nine months of construction work. The new filling station located in Malabo II was constructed by Equatoguinean company, Alammarin For Construction SL and has a storage capacity of 100,000 litres of fuel and 300 tanks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[619],"class_list":["post-28384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-e-guinea","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Equatorial Guinea inaugurates Cameroonian oil operator - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/equatorial-guinea-inaugurates-cameroonian-oil-operator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equatorial Guinea inaugurates Cameroonian oil operator - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Teodoro Obiang Nguema Mbasogo of Equatorial Guinea has officially inaugurated Cameroonian oil operator, Tradex\u2019s first service station last week after nine months of construction work. 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