Africa Monitor

Africa Monitor Intelligence

Guinea-Bissau: Obiang Family Companies Excluded from Oil Projects

The decision by the Council of Ministers on the companies in Equatorial Guinea follows the expression of interest in the assets by some other oil companies.

In the sector, the possibility of Rwandan and Turkish companies entering the exploration consortia is still considered plausible. Holdings linked to the Rwandan party-state (FPR) have been positioning themselves to participate in the project to build the Total site (Area 1) in Cabo Delgado, Mozambique (AM 1341), through agreements with the French oil company to capacitate their companies. READ MORE