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99 - Equatorial Guinea: The North Korea of Africa

The Red Line

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The Saphyro Offshore Oil Field Is No Longer Profitable

Saphyro offshore oil field has become the largest oil field operating in Guignet. ExxonMobil intends to sell its asset into the Saphyro off-shore oil field to a junior enterprise. The production from a field opening in the 90s is more or less collapsing. For both oil and gas, the country is pinning its hopes on the exploitation of new fields.

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