Equatorial Guinea: Opec application

Issue 339 - 03 Feb 2017
Sub-Saharan Africa’s third biggest producer, Equatorial Guinea, has applied to join the Organisation of the Petroleum Exporting Countries (Opec) price cartel. Minister of mines and hydrocarbons Gabriel Mbaga Obiang travelled to Vienna on 20 January to meet Opec officials.Obiang, the son of President Teodoro Obiang Nguema who became minister in May 2012, has been seeking to modernise the oil sector and boost Equatorial Guinea’s international image with projects such as a crude and products storage tank farm and a petrochemicals complex.

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