28,051 sq km
(10,830 sq miles)
OPEC bulletin 8–9/17
At the 172
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
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
east. On the
west, the Río
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”.
In an interview with the
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,
An aerial view of the
south coast of
A monkey, known as ‘Mono’ in
Equatorial Guinea, seen beside
the Atlantic beach in Bata.