Equa­to­rial Guinea is newest Opec mem­ber

New Straits Times - - Business -

CAPE TOWN: Africa’s third­biggest oil pro­ducer, Equa­to­rial Guinea, has been ac­cepted as the newest mem­ber of Or­gan­i­sa­tion of the Petroleum Ex­port­ing Coun­tries (Opec), said a source close to the coun­try’s oil min­is­ter yes­ter­day. Equa­to­rial Guinea said in Jan­uary it was seek­ing to be­come Opec’s 14th mem­ber and the sixth from Africa, an ad­di­tion that it said would help raise the con­ti­nent’s in­flu­ence and pro­file in the cor­ri­dors of global oil pro­duc­tion and pric­ing.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.