Equatorial Guinea Oil And Gas News
Introduction
- Equatorial Guinea has become a significant oil and natural gas exporter since the discovery and development of large offshore oil reserves in the 1990s. While both oil and gas production have increased significantly over the past decade, both volumes appear to be leveling off in the short-term.
- According to the International Monetary Fund’s (IMF) latest data, the hydrocarbon sector – mostly crude oil with liquefied natural gas (LNG) playing an increasingly greater role – represented over 90 percent of government revenue and about 98 percent of export earnings.
News
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page revision: 3, last edited: 27 Apr 2012 12:18
