Equatorial Guinea support Saudi Arabia’s readiness to react to Coronavirus’ impact on oil market

GMOLEquatorial Guinea fully supports the statement of Saudi Arabia’s Energy Minister made on Sunday 26 January, declaring that the kingdom would be ready to react to any potential impact of the Coronavirus on the global oil market

Prince Abdulaziz bin Salman Al-Saud, Saudi Arabia's 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.

Gabriel Mbaga Obiang Lima, Equatorial Guinea's Minister of Mines and Hydrocarbons, said, “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.

“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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