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Vol 54 No 14

Published 5th July 2013

Equatorial Guinea

As the oil goes, the gas arrives

At international conferences on Equatorial Guinea, oilmen often praise its Mines Minister, Gabriel Mbaga Obiang Lima. However, his recent spate of contract-signing could be undone in the succession battle or as a result of the Ministry of Mines’ conflicts with the state oil company, GEPetrol. Keeping the theme of family rivalries running throughout the government, GEPetrol’s Managing Director is Candido Nsue Okomo, the uncle of Vice-President Teodoro Nguema Obiang Mangue and younger brother of First Lady Constancia Mangue Nsue Okomo. Oil executives complain that GEPetrol makes ‘outrageous demands’ and is a stumbling block to investment.

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