Hungary, Equatorial Guinea Launch Cooperation Based On Mutual Respect

Hungary and Equatorial Guinea are launching cooperation in four areas - the economy, energy, water management and education - with relations based on mutual respect, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto announced in Malabo on Monday.

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto held talks in Equatorial Guinea (Photo: Facebook/Peter Szijjarto)

FM Szijjarto announced that, in this context, Hungary is initiating a cooperation with Equatorial Guinea based on mutual respect, focusing on four key areas: economy, energy, water management, and education. He stressed that a political consultation agreement has been signed, and discussions are underway regarding an economic cooperation agreement. One of the main goals is for Hungarian companies to share their expertise to help Equatorial Guinea address its water management challenges, modernize its water supply systems, and improve water security.

The cooperation will also focus on the fact that Equatorial Guinea is an OPEC member and an important producer of oil and natural gas. However, both its oil and gas fields are aging and becoming depleted. We, in Hungary, have developed a technology that allows for the continued extraction of resources from aging oil and gas fields in an efficient and environmentally friendly way. With this technology, we can contribute to the development of Equatorial Guinea’s economy,

– he said. Hungary's foreign minister also mentioned that there is considerable interest in Hungarian agricultural and food industry technologies. He said the two sides agreed that Equatorial Guinean students will be able to study at Hungarian universities with government scholarships, focusing primarily on medical training. He noted that this is particularly important because the country is undergoing major healthcare expansions, but there is a shortage of skilled professionals. – "We are committed to welcoming Equatorial Guinean medical students to Hungary's globally recognized healthcare education institutions, where they can receive training. After their studies, they will be able to return and contribute to ensuring that the people of Equatorial Guinea receive proper healthcare services," Mr. Szijjarto explained.

It's an honor to be the first Hungarian foreign minister to visit here, and we look forward to welcoming you in Budapest to sign our finalized agreements on both our economic cooperation and scholarship programs,

– FM Szijjarto told his counterpart.

Cover photo: Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto held talks in Equatorial Guinea (Photo: Facebook/Peter Szijjarto)