Extractive Industries

The regulation of mining in Equatorial Guinea is undertaken by the Ministry of Mines, Industry, and Energy, which oversees activities in the mining and petroleum sectors.

Petroleum

Equatorial Guinea (EQ) is Africa’s seventh largest producer of crude petroleum and ninth largest producer of natural gas. Equatorial Guinea has proven reserves of 150 Mt of crude oil and 36.81 billion m3of natural gas.  Exploitation of large oil reserves have contributed to dramatic economic growth in recent years. Whilst growth remained strong, it dropped in 2009 (and then again, in 2014/5, for the same reason) due to the fall in the global oil price. 

 

Mining

The following minerals are mined, through both formalised and informal artisanal and small-scale mining (ASM): gold, diamonds, coltan, iron, bauxite, tin and tungsten.  EI Source Book narrative content on artisanal mining is concentrated within Chapter 2. Opportunities and Challenges, including section 2.1 The Opportunities from Resource Wealth and core to Chapter 2's Mining Specifics Challenges/ Opportunities materials; a library of over fifty artisanal mining downloads is provided as the central content of Chapter 3's  Mining Specifics Challenges/ Opportunities materials.