Guinea : Mugabe eyes Equatorial Guinea oil

panafrica

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The Diaspora
Zimbabwean President Robert Mugabe hopes to sign an agreement to import oil from Equatorial Guinea, Africa's third-largest producer.
Equatorial Guinea President Teodoro Obiang Nguema is visiting Zimbabwe two years after the authorities there helped foil a plot to oust him.

Zimbabwe is suffering chronic fuel shortages, the result of a foreign exchange crisis.

Mr Obiang said his country was ready to forge stronger links with Zimbabwe.

"I can assure you that you can always count on the support of the government and people of Equatorial Guinea to do their best," he said at a dinner hosted by Mr Mugabe.

Mercenaries

Mr Mugabe himself accused western governments and media of vilifying Zimbabwe.

"The born-again democrats in London and Washington would like to hoodwink the world on the situation in Zimbabwe in the very same manner they have done on Iraq," he said.

Simon Mann, the British leader of the alleged coup plot against Mr Obiang, is still serving a jail sentence in Harare after the plane on which he was travelling landed there in 2004, on its way to Equatorial Guinea.

More than 60 men arrested with him - most of them South African citizens of Angolan origin - were released last year after serving a year's sentence.

Others remain in prison in Equatorial Guinea.

Zimbabweans have endured shortages of fuel and basic foodstuffs in recent years, as a result of a foreign currency shortage.

The government blames the crisis on sanctions, while its opponents say a controversial land reform programme is responsible for a sharp drop in agricultural export earnings.

http://news.bbc.co.uk/2/hi/africa/4860306.stm
 

panafrica

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Aug 24, 2002
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No E Guinea oil deal for Mugabe

Zimbabwe and Equatorial Guinea did not sign an oil deal during President Teodoro Obiang Nguema's visit to Harare, President Robert Mugabe says. He said the two countries had agreed to boost economic ties and that Zimbabwe would be "delighted" to get fuel from Africa's third largest producer.

Mr Obiang visited Zimbabwe two years after the authorities there helped foil a plot to oust him.

Zimbabwe has chronic shortages of fuel, due to a foreign exchange crisis.

"There were no negotiations as such on the issue of oil, but our ministers will go into that. We will be delighted if an opportunity existed to import fuel," Mr Mugabe said.

Zimbabwe's leader also said Africans must be wary of foreigners "who will dig up all our resources and take them abroad".


Simon Mann, the British leader of the alleged coup plot against Mr Obiang, is still serving a jail sentence in Harare after the plane on which he was travelling landed there in 2004, on its way to Equatorial Guinea.

More than 60 men arrested with him - most of them South African citizens of Angolan origin - were released last year after serving a year's sentence.

Others remain in prison in Equatorial Guinea.

Zimbabweans have endured shortages of fuel and basic foodstuffs in recent years, as a result of a foreign currency shortage.

The government blames the crisis on sanctions, while its opponents say a controversial land reform programme is responsible for a sharp drop in agricultural export earnings.

http://news.bbc.co.uk/2/hi/africa/4866124.stm
 

panafrica

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Aug 24, 2002
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The Diaspora
Although I'm reluctant to give Obiang Nguema (one of Africa's most oppressive dictators) credit for anything, this is progressive thought. African nations sharing resources with each other has always been the necessary step for the continent to have true independence. I not only hope that this happens, I hope more African nations follow suit.
 

Therious

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Interdependence of Afrikan nations would shake up the balance of power on this planet eventually topling that power being the immense wealth of Afrika.
I hope this does happen creating a chain reaction.
 

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