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    Equatorial Guinea Crude Oil Production | 2019 | Data | Chart

    Crude Oil Production in Equatorial Guinea increased to 171 BBL/D/1K in July from 146 BBL/D/1K in June of 2019. Crude Oil Production in Equatorial Guinea averaged 212.07 BBL/D/1K from 1994 until 2019, reaching an all time high of 393 BBL/D/1K in December of 2004 and a record low of 2.60 BBL/D/1K in February of 1994.

    Equatorial Guinea Crude Oil: Production [1994 - 2019] [Data

    Equatorial Guinea's Crude Oil: Production was reported at 120.179 Barrel/Day th in Dec 2018. This records a decrease from the previous number of 128.600 Barrel/Day th for Dec 2017. Equatorial Guinea's Crude Oil: Production data is updated yearly, averaging 199.841 Barrel/Day th from Dec 1994 to 2018, with 25 observations.

    Equatorial Guinea Joins OPEC | OilPrice.com

    Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Equatorial Guinea has become the 14th member of OPEC on the day the cartel announced a nine

    Equatorial Guinea: Oil Wealth Squandered and Stolen | Human

    Equatorial Guinea: Oil Wealth Squandered and Stolen "Now that the economy has been doubly hit by declining oil production and prices, it is more critical than ever for the government to

    Equatorial Guinea - Oil - GlobalSecurity.org

    Equatorial Guinea's balance-of-payments situation has improved substantially since the mid-1990s because of new oil and gas production and favorable world energy prices. The country's exports

    Equatorial Guinea sees oil output lift in 2020 from new finds

    Equatorial Guinea began producing oil in 1995 and its production peaked at 425,000 b/d in 2004. The country is struggling to halt decline rates averaging 10% a year from its existing fields with a number of new projects.

    OPEC : Equatorial Guinea

    While the African nation is a producer and net exporter of crude oil, it is also a key producer and exporter of natural gas. In former times, Equatorial Guinea exported coffee, timber and cocoa. The current President of Equatorial Guinea is HE Teodoro Obiang Nguema Mbasogo. He was elected in 1979.

    Use it or lose it, Equatorial Guinea tells drillers

    Equatorial Guinea's current LNG plant near the capital, Malabo on Bioko Island, is operated by Marathon Oil and has a capacity of 3.4m tonnes a year. But it's reliant on declining supply from the Alba gasfield, where production is expected to fall steeply within the next two years.

    PDF Equatorial Guinea - African Economic Outlook

    Equatorial Guinea's oil boom has brought foreign investment but it has not signicantly improved life for most of the population. Youth unemployment is growing as the economy is not creating enough new jobs while the country is not teaching the right skills it needs. Overview Equatorial Guinea's economy shrank in 2010 but 2011 saw growth of 7%.

    Energy in Equatorial Guinea

    As of 2005, according to World Oil, Equatorial Guinea's proven oil reserves were put at 1.28 billion barrels (204 × 10 ^ 6 m 3). In 2005, oil production was estimated at 420,000 barrels per day (67,000 m 3 /d), of which crude oil accounted for over 90%.

    Equatorial Guinea: Oil and Gas

    Equatorial Guinea: The oil and gas that drives the Equatoguinean economy comes from three main fields: Alba, Ceiba and Zafiro, all of which are located offshore. National output stood at just 5,000 barrels a day (b/d) in 1995 but quickly increased once the country's first big find, the Zafiro

    Equatorial Guinea to launch oil & gas licensing round this

    With a total of 2.4 billion dollars planned investments in Equatorial Guinea's oil and gas space, eleven new oil and gas wells are set to be drilled this year and five companies have been

    Economy of Equatorial Guinea

    The economy of Equatorial Guinea has traditionally been dependent on commodities such as cocoa and coffee but is now heavily dependent on petroleum due to the discovery and exploitation of significant oil reserves in the 1980s. Equatorial Guinea enjoys a purchasing power parity GDP per capita of more than US$38,699, which is the highest in Africa and the 31st highest in the world as of 2016.

    Equatorial Guinea Inflation Rate | 2019 | Data | Chart

    The inflation rate in Equatorial Guinea was recorded at 1.30 percent in 2018. Inflation Rate in Equatorial Guinea averaged 12.35 percent from 1981 until 2018, reaching an all time high of 83.90 percent in 1985 and a record low of -17.60 percent in 1986. In Equatorial Guinea, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.

    Equatorial Guinea - Central Intelligence Agency

    Equatorial Guinea is one of the smallest and least populated countries in continental Africa and is the only independent African country where Spanish is an official language. Despite a boom in oil production in the 1990s, authoritarianism, corruption, and resource mismanagement have concentrated the benefits among a small elite.

    World Oil

    World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and

    Equatorial Guinea Economic Outlook | African Development Bank

    The CEMAC strategy for reducing fiscal and external imbalances caused by lower oil prices should continue to have positive impacts in Equatorial Guinea. After reducing the fiscal deficit to a projected 0.5% of GDP in 2019, the budget balance is projected to turn to a surplus of 0.3% in 2020.

    Equatorial Guinea throws down the gauntlet

    Equatorial Guinea's drive to revive stalling oil and gas production will get into full swing with the formal launch in early April of a licensing round that the country desperately needs to succeed if the sector is to have a bright future. The launch of the 2019 round, delayed from January, is due

    Equatorial Guinea pitches for investment - News for the Oil

    Gas is becoming increasingly important to Equatorial Guinea as oil production declines. Oil was discovered in commercial quantities in the 1990s offshore Equatorial Guinea, with work driven by a

    Equatorial Guinea | Economic Indicators | Moody's Analytics

    Equatorial Guinea's large and growing youth population - about 60% are under the age of 25 - is particularly affected because job creation in the non-oil sectors is limited, and young people often do not have the skills needed in the labor market.

    Falling Iraqi Oil Output Drags OPEC Production Down

    Falling Iraqi Oil Output Drags OPEC Production Down I do not have historical data for Equatorial Guinea. The OPEC MOMR gives average annual production data for 2015 and 2016 and quarterly data

    Equatorial Guinea

    Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves, and in the last decade has become Sub-Saharan Africa's third largest oil exporter. Despite the country's economic windfall from oil production, resulting in a massive increase in government revenue in recent years, improvements in the

    Guinea - Oil and Gas Guinea - Oil and Gas - export.gov

    The Guinean government sets the price of gasoline at the retail level, subsidizing prices to ease the burden on consumers. Since the start of 2015, due to a decrease in world oil prices, the government reduced the price of gasoline from 10,000 GNF/liter to 9,000 GNF in February 2015 and then to 8,000 GNF/liter in March.

    Equatorial Guinea - Centre for Affordable Housing Finance Africa

    Excerpt from Africa Housing Finance Yearbook 2016 Overview Equatorial Guinea is one of the smallest countries on the African continent, with a population of 845 000. It is located in the central region of Africa, bordering the Bight of Biafra, between Cameroon and Gabon, occupying 28 015 km2 of land.

    PDF Equatorial Guinea - Oecd

    making Equatorial Guinea one of the most oil-dependent countries in the world. 2001 and 2002 should be another two years of exceptional growth of GDP, owing to the sharp increase of oil production during the period. With a population of 450 000 people and oil production likely to reach one fifth of

    OPEC : Gabon

    Gabon's oil industry started gaining attention in 1931 when several oil deposits were discovered in neighbouring regions of Libreville. In addition to the oil industry, Gabon's location overlooking the Gulf of Guinea and the Atlantic Ocean has led to the emergence of another important economic sector - the fishing industry.

    Equatorial Guinea launches 2020 investment agenda - World Oil

    Supported by the African Energy Chamber, the Year of Investment 2020 is an initiative of the Ministry of Mines and Hydrocarbons to pursue Equatorial Guinea's agenda of energy cooperation and

    Equatorial Guinea: Oil Producers should 'Stand Together

    Equatorial Guinea joined OPEC in 2017, after signing on to the production cuts deal initially as a non-OPEC member in 2016. After the 2014 crash, Equatorial Guinea's oil-dependent economy went

    Equatorial Guinea - Addis Herald

    Equatorial Guinea is the fifth largest producer of African oil, with 289,000 barrels per day in 2015, compared with 358,000 barrels a day in 2005. With reserves of 1.1 billion barrels, and this production pace this country will no longer be able to produce oil in 10 years.

    Africa :: Equatorial Guinea — The World Factbook - Central

    Equatorial Guinea is one of the smallest and least populated countries in continental Africa and is the only independent African country where Spanish is an official language. Despite a boom in oil production in the 1990s, authoritarianism, corruption, and resource mismanagement have concentrated the benefits among a small elite.

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