On May 2, 2025, a visiting delegation from the Republic of Equatorial Guinea, led by H.E. Mr. Teodoro Nguema Obiang Mangue, Vice President of the Republic, held a meeting with Shanghai Supezet Engineering Technology Corp., Ltd. (Supezet) in Shanghai. The high-level delegation included key representatives from the Ministry of Mines and Hydrocarbons, the national oil company, and the national gas company. During the meeting, both parties engaged in in-depth exchanges and reached significant consensus on industrial cooperation, laying a solid foundation for future collaboration.
Equatorial Guinea possesses abundant energy resources, exceptional port conditions, and a strategically advantageous geographic location. As a vital transportation hub and logistics node on the west coast of Africa, the country provides a robust foundation and vast potential for the development of the energy and chemical industries. In recent years, Equatorial Guinea has become an important economic and trade partner for China in Africa, actively participating in the joint construction of the "Belt and Road Initiative." Through the joint efforts of both sides, bilateral economic and trade cooperation has continuously achieved fruitful results. During this exchange, Vice President H.E. Mr. Teodoro Nguema Obiang Mangue fully acknowledged Supezet's technological innovations and industrial solutions. He also expressed Equatorial Guinea's vision for introducing advanced technologies, enhancing the added value of its domestic energy industry, and achieving diversified economic development. Through global synergy, he expressed the desire to work with Supezet to jointly build an efficient, green, and sustainable modern refining and petrochemical industrial system.
In response, Mr. Zhang Jinhong, Chairman of Supezet, stated that benefiting from the national "Belt and Road Initiative" strategy and its alignment with Equatorial Guinea's "Horizon 2035" national development plan and economic diversification strategy, the company is committed to promoting the green and efficient development of the global energy and chemical industry and providing integrated technical solutions for international cooperation along the industrial chain. In the future, Supezet will conduct in-depth research on the local conditions in Equatorial Guinea to further customize industrial development solutions encompassing technology, logistics, green energy, finance, and other key areas. This will help Equatorial Guinea achieve deep integration of its industrial chain, and both parties will jointly create a globally synergistic and innovative model for industrial cooperation.
This cooperation represents a significant opportunity for Supezet to expand its overseas markets. By assisting Equatorial Guinea in building a regional energy hub, the company aims to enhance its visibility and influence in the international energy and chemical sector, further solidifying its global brand image. Leveraging its technological R&D, engineering services, and industrial operation capabilities, and by integrating resources from both sides, Supezet will explore diversified cooperation models such as joint ventures and trade processing. Together with Equatorial Guinea, the company will strive to build a complete industrial chain spanning from crude oil supply to deep processing of chemical products.
Looking ahead, both parties will work together to promote leapfrog development in Equatorial Guinea's energy and chemical industry, open a new chapter in China-Africa energy cooperation, and jointly march towards a more prosperous future.