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Area:

28,051 sq km

(10,830 sq miles)

Reuters

Reuters

Alamy

27

OPEC bulletin 8–9/17

At the 172

nd

Meeting of the Conference of the Organization of the

Petroleum Exporting Countries (OPEC) held in Vienna, Austria, on

May 25, 2017, the Conference approved the admission of Equatorial

Guinea into the Organization with immediate effect. With the addition

of Equatorial Guinea, OPEC now has 14 Members. The

OPEC Bulletin

provides a profile of the Organization’s latest Member.

Equatorial Guinea is located in Central Africa and com-

prises the Rio Muni mainland and five volcanic offshore

islands. It has a population of approximately 870,000,

with around 145,000 residing in the capital city of

Malabo. The mainland

region is bordered

by Cameroon to

the north, and

Gabon to the

south and

east. On the

west, the Río

Muni region

overlooks the

Gulf of Guinea.

The seat of gov-

ernment is in Oyala.

Despite being small in size, covering an area of

approximately 28,051 square kilometres, the country

is renowned for having one of the greatest biodiversi-

ties in Africa. From classical beaches with black vol-

canic sand to the magical coral reefs; from the incred-

ibly lush rainforests, to the Alpine lands at altitudes

above 3,000 metres.

It is home tomore than a hundred different mammals.

There are small antelopes, pangolins and felines, as well

as the great primates of chimpanzees, mandrills, colobus

and gorillas. There are other large mammals too, such as

elephants, hippopotamus, bush pigs and the manatee.

The country has numerous species of reptiles, amphibi-

ans and sea turtles, as well as other aquatic fauna. And

there are also more than 300 known species of birds, as

well as an extraordinary variety of insects, that the coun-

try says are still “pending being inventoried”.

OPEC Membership

In an interview with the

OPEC Bulletin

after assum-

ing OPEC Membership, Gabriel Mbaga Obiang Lima,

Equatorial Guinea’s Minister of Industry, Mines & Energy,

said the country decided to join OPEC after enduring the

struggles that all producers had been through following

the oil price drop that started in mid-2014. “We believe

that it is better that oil producers work together,” he said,

and stated that it is very important that you join an organ-

ization like this that is able to provide information that is

more informed and helps in taking future

decisions related to projects.

He stated that OPEC has fared

well over the years and added

that it has become an extremely

relevant global organization.

Gabriel Mbaga Obiang Lima,

Equatorial Guinea’s Minister of

Industry, Mines & Energy.

Teodoro Obiang Nguema Mbasogo,

Equatorial Guinea’s

President.

An aerial view of the

south coast of

Equatorial

Guinea’s

Bioko

island.

A monkey, known as ‘Mono’ in

Equatorial Guinea, seen beside

the Atlantic beach in Bata.