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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and 25 Related for: Petroleum industry in Equatorial Guinea information
wealth that has been brought to EquatorialGuinea's shores. The rapid rise of the petroleumindustryinEquatorialGuinea has provided money for the government...
economy of EquatorialGuinea 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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iron, bauxite, tin, and tungsten: 94 In contrast, EquatorialGuinea is the fourth leading exporter of petroleumin Africa, which contributes significantly...
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on investments for those involved in the petroleum sector. Current OPEC members are[ref] Algeria, EquatorialGuinea, Gabon, Iran, Iraq, Kuwait, Libya...
Department of Justice alleged that, in 2009, CCCC paid US$19 million to Teodorin Obiang, Vice President of EquatorialGuinea, in relation to a contract for a...
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agricultural sector, a promising mineral and petroleum production enterprise, and an incipient manufacturing industry. Yet by 1976, these encouraging developments...
bordered by EquatorialGuinea 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...