Equatorial Guinea puts its faith in God, geology and governance

The creation of national oil company GEPetrol is intended to clean up Equatorial Guinea’s reputation for poor governance, as well as to improve cooperation with IOCs and negotiate a better deal for the government. Oil executives seem convinced of EG’s merits as the very model of a modern Gulf of Guinea hotspot, but questions remain whether President Obiang’s regime can deliver, writes Jon Marks.