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Petroleum industry in Equatorial Guinea information


Equatorial Guinea is a significant oil producer in Africa. Crude oil produced by the country is primarily extracted from the Alba, Zafiro, and Ceiba regions. As a result of the recent increase in the extraction of petroleum, the country's economy has grown significantly. In fact, during the period from 1997 to 2001, the country experienced an average GDP growth of 41.6% per year.[1] However, there have been recent accusations of corruption and repression by the government resulting from the nation's newfound wealth.[2]

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Petroleum industry in Equatorial Guinea

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wealth that has been brought to Equatorial Guinea's shores. The rapid rise of the petroleum industry in Equatorial Guinea has provided money for the government...

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Economy of Equatorial Guinea

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economy of Equatorial Guinea has traditionally been dependent on commodities such as cocoa and coffee, but is now heavily dependent on petroleum due to the...

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Mining industry of Equatorial Guinea

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mining in Equatorial Guinea is handled by the Ministry of Mines, Industry, and Energy, which oversees activities in the mining and petroleum industries. Petroleum...

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Gabriel Mbaga Obiang Lima

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Mines, Industry and Energy in 2003. He was appointed the Minister of Mines and Hydrocarbons of Equatorial Guinea on 21 May 2012 and was confirmed in office...

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Malabo

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[maˈlaβo]; formerly Santa Isabel [ˈsantajsaˈβel]) is the capital of Equatorial Guinea and the province of Bioko Norte. It is located on the north coast...

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Corruption in Equatorial Guinea

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Political corruption in Equatorial Guinea is high by world standards and considered among the worst of any country on earth. It has been described as "an...

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Equatorial Guinea

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Equatorial Guinea (Spanish: Guinea Ecuatorial; French: Guinée équatoriale; Portuguese: Guiné Equatorial), officially the Republic of Equatorial Guinea...

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2004 Equatorial Guinea coup attempt

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The 2004 Equatorial Guinea coup d'état attempt, also known as the Wonga Coup, failed to replace President Teodoro Obiang Nguema Mbasogo with exiled opposition...

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Marathon Oil

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of which 86% was in the United States and 14% was in Equatorial Guinea. The company's proved reserves consisted 52% of petroleum, 30% natural gas and...

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Geology of Equatorial Guinea

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iron, bauxite, tin, and tungsten: 94  In contrast, Equatorial Guinea is the fourth leading exporter of petroleum in Africa, which contributes significantly...

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Teodoro Obiang Nguema Mbasogo

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president of Equatorial Guinea since 3 August 1979. As of 2024, he is the second-longest consecutively serving current non-royal national leader in the world...

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the Petroleum Exporting Countries. Retrieved 5 May 2018. USD 12,062 as of 2010 (IMF estimate); rank 48 worldwide, followed by Equatorial Guinea with...

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Petroleum

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on investments for those involved in the petroleum sector. Current OPEC members are[ref] Algeria, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya...

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Petroleum industry in Sudan

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The petroleum industry in Sudan began in 1979, when the first commercial flow in the country occurred. Prior to the discovery of oil, roughly 80 percent...

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GEPetrol

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Equatorial Guinea. The company was founded in 2002 after the writing of a presidential decree. The company reports to the Ministry of Mines, Industry...

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Vaalco Energy

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9% working interest in an undeveloped portion of a block offshore Equatorial Guinea. In 2000, the company sold a 32.5% interest in the Etame Marin permit...

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Taleveras

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Taleveras signed a deal with the government of Equatorial Guinea "to build a giant oil storage hub in the central African country. The Bioko Island facility...

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Mineral industry of Africa

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exports. Mineral fuels (coal, petroleum) account for more than 90% of the export earnings for Algeria, Equatorial Guinea, Libya, and Nigeria. Minerals...

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OPEC

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on investments for those involved in the petroleum sector. Current OPEC members are[ref] Algeria, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya...

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China Communications Construction Company

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Department of Justice alleged that, in 2009, CCCC paid US$19 million to Teodorin Obiang, Vice President of Equatorial Guinea, in relation to a contract for a...

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Kosmos Energy

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company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore...

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Guinea

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as Guinea-Conakry after its capital Conakry, to distinguish it from other territories in the eponymous region such as Guinea-Bissau and Equatorial Guinea...

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Papua New Guinea

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Economy of Angola

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agricultural sector, a promising mineral and petroleum production enterprise, and an incipient manufacturing industry. Yet by 1976, these encouraging developments...

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Gabon

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bordered by Equatorial Guinea to the northwest, Cameroon to the north, the Republic of the Congo on the east and south, and the Gulf of Guinea to the west...

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