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

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Prince Abdulaziz bin Salman Al-Saud, Minister of Energy, expressed confidence over the Chinese authorities’ abilities to contain and eradicate the new coronavirus.

Equatorial fully supports the statement of ’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 market.
We share confidence in the ability of and the international community to put an end to the spread of the virus at the soonest
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 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 stands by ’s statement and is fully ready to engage on a coordinate action with OPEC if future evolutions of the coronavirus were to affect global market stability,” declared H.E. Lima, Minister of Mines and Hydrocarbons. “We share confidence in the ability of 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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