Yearbook 2007
Equatorial Guinea. With the help of new production
fields, Equatorial Guinea expected to increase oil
production in 2007 from approximately 395,000 barrels per
day to 570,000. China, which is very actively looking for
raw materials in Africa, repaid a debt of US $ 75 million.
China often offers low-cost loans, cheap industrial goods
and large construction projects to enter the African
markets, which have so far been dominated by former colonial
powers and the United States.
According to
CountryAAH, Equatorial Guinea also started negotiations on oil
deliveries to Zimbabwe during the year, plagued by severe
fuel shortages. The message was given shortly after the
government of Zimbabwe decided to extradite British
mercenary Simon Mann, who is convicted in Equatorial Guinea
in his absence for participation in a coup attempt in 2004.
Mann was arrested in Zimbabwe and sentenced to seven years
in prison. The disclosure was postponed following an appeal.
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