Hungary and Equatorial Guinea are launching cooperation in the economy, energy, water management, and education.
Agreements, cooperation
Szijjártó said the ministers had signed agreements on policy consultations and talks are ongoing on an economic cooperation agreement under which Hungarian companies would help Equatorial Guinea in tackling areas such as water management, modernising water supply systems and developing water security.
Cooperation between the two countries also focuses on Equatorial Guinea’s role as an important producer of natural gas and oil, he said.
“We know that the oil and gas fields are drying out. We in Hungary have developed a technology that would allow production to continue in depleted oil and gas fields sustainably and effectively. Those technologies could contribute to the development of Equatorial Guinea’s economy,” Szijjártó said.
He added that Equatorial Guinea has also shown interest in Hungarian tech in agriculture and the food industry.
Szijjártó and Oyono also agreed that Hungary will offer government grants to students wishing to study in Hungary, especially in health care.
“It is an honour to be here as the first Hungarian foreign minister visiting the country, and we are respectfully inviting you to Budapest to sign the agreements on economic cooperation and grants,” he said.
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Publish date : 2024-10-07 08:04:00
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