Equatorial Guinea

Country Equatorial Guinea
Capital Malabo
Continent Africa
Currency Central African CFA franc(XAF)
Languages Spanish, French, Portuguese, Fang, Bube, Igbo, Pidgin English & Annobonese

Information

Introduction

Equatorial Guinea gained independence in 1968 after 190 years of Spanish rule. This tiny country, composed of a mainland portion plus five inhabited islands, is one of the smallest on the African continent. President Teodoro OBIANG NGUEMA MBASOGO has ruled the country since 1979 when he seized power in a coup. Although nominally a constitutional democracy since 1991, the 1996, 2002, and 2009 presidential elections - as well as the 1999 and 2004 legislative elections - were widely seen as flawed. The president exerts almost total control over the political system and has discouraged political opposition. Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves, and in the last decade has become Sub-Saharan Africa's third largest oil exporter. Despite the country's economic windfall from oil production resulting in a massive increase in government revenue in recent years, there have been few improvements in the population's living standards.

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[+] Government

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References

Equatorial Guinea - Wikipedia
Equatorial Guinea - CIA World Fact Book
Equatorial Guinea - BBC
Equatorial Guinea - Timeline - BBC

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Equatorial Guinea demands VP's $16m seized in Brazil - africanews

africanews

Equatorial Guinea demands VP's $16m seized in Brazil
africanews
Malabo has often waved the diplomatic flag when the vice-president has been involved in any issue with rival governments. Equatorial Guinea unsuccessfully tried last year to block Teodorin's corruption trial in a French court. In October 2017, the ...
Equatorial Guinea's Teodorin Obiang Faces Trouble Abroad for Corruption, AgainCouncil on Foreign Relations (blog)
Equatorial Guinea fury as Brazil seizes $16m from visiting delegationArab News
Equatorial Guinea furious as Brazil seizes $16m from visiting delegationcgtn.com
Report Focus News -Graphic Online
all 12 news articles »


Brazil police seize $16m from Equatorial Guinea's VP delegation - The Guardian

News24

Brazil police seize $16m from Equatorial Guinea's VP delegation
The Guardian
More than $16m (12m) in cash and luxury watches were seized at an airport in Brazil in the luggage of a delegation accompanying the son of the president of Equatorial Guinea, local media has reported. Teodorin Nguema Obiang, vice-president of ...
E Guinea fury as Brazil seizes $16m from visiting delegationNews24
Equatorial Guinea fury as Brazil seizes $16m from delegationThe East African (press release) (blog)
Brazil Confiscates $16 million From Equatorial Guinea VP's EntouragePeace FM Online
Brazil (press release) (blog)
all 17 news articles »


Brazil just seized $15 million worth of luxury watches from this African leader. For him, it isn't a big deal. - Washington Post

Washington Post

Brazil just seized $15 million worth of luxury watches from this African leader. For him, it isn't a big deal.
Washington Post
The vice president of Equatorial Guinea has certainly earned his reputation for a love of all things luxe. In 2014, Teodorin Nguema Obiang had to give up more than $30 million worth of assets including a mansion in Malibu, Calif., and expensive ...
Equatorial Guinea demands Brazil returns seized $16mMyjoyonline.com
Brazil Seizes $16 Million from E Guinea's PrincelingOCCRP
When a Vice President is Nabbed With Million Dollar WatchesIDN InDepthNews | Analysis That Matters

all 11 news articles »


Oilserve Signs JVA On Oil, Gas Investment In Equatorial Guinea - Leadership Newspaper (press release) (blog)

Leadership Newspaper (press release) (blog)

Oilserve Signs JVA On Oil, Gas Investment In Equatorial Guinea
Leadership Newspaper (press release) (blog)
GEpetrol was established as the National Oil Company of the Republic of Equatorial Guinea by Presidential Decree on August 27, 2001 and became operational in January 2002. The company is the custodian of the State's interest and remains at the ...



Teodorin Obiang: '$16m seized' from E Guinea leader's son - BBC News

BBC News

Teodorin Obiang: '$16m seized' from E Guinea leader's son
BBC News
Authorities in Brazil have seized more than $16m (12m) worth of cash and luxury watches from a delegation accompanying Teodorin Nguema Obiang, vice-president of Equatorial Guinea, local media report. The 48-year-old, known for his lavish taste, is the ...
Equatorial Guinea assails Brazil seizure of luggageThe Philadelphia Tribune
Equatorial Guinea VP 'blocked' in Brazil with $1.4m cash, watches worth $15mafricanews
NewsdayBBC News
The Standard -Capital FM Kenya
all 63 news articles »


Interview: Equatorial Guinea warns of African asset grab by oil majors - S&P Global Platts

Interview: Equatorial Guinea warns of African asset grab by oil majors
S&P Global Platts
Cape Town The return of oil majors to African exploration projects as upstream spending recovers threatens to slow down, rather than accelerate, the pace of new finds in the region, Equatorial Guinea's energy minister has warned.



Equatorial Guinea to crack down on oil services companies over local jobs - Reuters

Reuters

Equatorial Guinea to crack down on oil services companies over local jobs
Reuters
CAPE TOWN (Reuters) - Oil and gas services firms Schlumberger, Subsea 7 and FMC face being banned from working in Equatorial Guinea if they do not commit by the end of this month to create more jobs for locals, an oil ministry source said on Friday.
Equatorial Guinea to plan to end oil-service contractsCPI Financial

all 2 news articles »


Equatorial Guinea to launch new oil and gas bid round in January - Reuters

Reuters

Equatorial Guinea to launch new oil and gas bid round in January
Reuters
CAPE TOWN (Reuters) - Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licenses to oil companies unless they collectively invest a minimum of $2 billion in the country, the ...
Equatorial Guinea warns it may refuse extensions of oil and gas licensesSeeking Alpha

all 3 news articles »


An Emotional Map of Colonisation - PHmuseum (press release) (blog)

PHmuseum (press release) (blog)

An Emotional Map of Colonisation
PHmuseum (press release) (blog)
The complex history between Spain and Equatorial Guinea has left many of its protagonists in no man's land, turned into emotional apatridas lost between two worlds. Almost everyone has trouble telling their story, some, after doing so, prefer not to ...



Equatorial Guinea Said to Plan to End Oil-Service Contracts - Bloomberg

Equatorial Guinea Said to Plan to End Oil-Service Contracts
Bloomberg
With regards to local content requirements in Equatorial Guinea, Schlumberger is working with the Ministry of Mines and Hydrocarbons and we have submitted our plans to ensure full compliance in due time, Schlumberger said in an emailed statement.
Equatorial Guinea said to plan end to oil-service contractsWorldOil
UPDATE 1-Equatorial Guinea to crack down on oil services companies over local jobsReuters

all 4 news articles »