Information Center: Oil

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Joseph A. Canales
August 1, 2002

Hydrocarbon venting and seepage features are associated with producing fields in Equatorial Guinea, including Zafiro and Alba fields. The 2000 discovery drilled by CMS Oil and Gas and partners in Equatorial Guinea, the Estrella-1, offsets a gas chimney and seafloor-venting feature.

Gustaf Salomonsson, and Oscar Sandberg
January 25, 2010

This thesis identifies and studies the effects of the natural resource curse on Equatorial Guinea by applying three typical theoretical phenomena to the Equatoguinean context: Dutch Disease, volatility of prices and institutional effects. The results show that Equatorial Guinea has very weak institutions and suffers from symptoms of Dutch Disease, but that the country so far has managed to avoid the debt burden related to the volatility of oil prices. It is concluded that Equatorial Guinea is negatively affected by the natural resource curse. Finally, possible remedies are discussed and the importance of improving the institutional framework is underlined.

EG Justice
June 16, 2011

The government of Equatorial Guinea is spending billions on showcase infrastructure projects. Will that lead to sustainable development in Equatorial Guinea?

BP
April 27, 2011

For 60 years, the BP Statistical Review of World Energy has provided high-quality, objective and globally consistent data on world energy markets. The Review is one of the most widely respected and authoritative publications in the field of energy economics, used for reference by the media, academia, world governments and energy companies. A new edition is published every June.

Paul Bugala
January 24, 2009

Despite increasing oil revenues, Equatorial Guinea's wealth has not directly benefited the vast majority of its people. In fact, the worsening of several indicators - such as the infant mortality rate and the status of civil liberties, in particular electoral freedom - are showing that conditions have worsened.

January 13, 2012

A coalition of more than 30 civil society organizations, including EG Justice, have sent a letter to every member of Congress asking them not to amend the Foreign Corrupt Practices Act (FCPA).

World Bank
Achille Toto Same
April 1, 2008

This paper argues that, in the case of Equatorial Guinea, the negative impact of the Dutch Disease would be limited given the structure of the economy and on the contrary may even be a good thing because it fuels the structural transformational process of the economy, which is needed in Equatorial Guinea. The author argues that the ongoing Dutch Disease is a natural and necessary reallocation of resources in the economy of Equatorial Guinea. Given that Equatorial Guinea is a country where the manufacturing sector barely exists and the non-oil primary sector is structurally deficient, Equatorial Guinea has little to fear from the disease. The oil boom is a blessing, given that oil revenues when properly managed can play a special and critical role in overall economic development and poverty reduction in low-income countries. To promote good governance in the management of the country's oil wealth, the government may wish to adhere to clear standards of accountability and transparency; especially by complying with the Extractive Industries Transparency Initiative (EITI++).

International Monetary Fund
June 23, 2006

Economic and social development indicators and discussions published annually by the IMF.

International Monetary Fund
May 22, 1998

Economic and social development indicators and discussions published annually by the IMF.

International Monetary Fund
December 9, 2003

Economic and social development indicators and discussions published annually by the IMF.

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