Antonio Oburu Ondo, Equatorial Guinea’s Minister of Hydrocarbons and Mineral Development, announces ExxonMobil’s departure after nearly 30 years, fulfilling its plan to leave when licenses expired in 2022. The exit marks the end of a significant era in the country’s petroleum history, including OPEC membership, while also signaling a new promising chapter. ExxonMobil’s departure opens up opportunities for growth and development in Equatorial Guinea’s oil and gas sector.
Full Article
Why Is Violence Flaring Up in Mineral-Rich Congo?
Rebels known as M23, backed by Rwanda, are seizing large parts of the Democratic Republic of Congo to protect ethnic Tutsis, who were victims of a 1994 genocide. However, experts believe the main motivation is the control of Congo's valuable minerals used in electronic devices. Ruth Maclean of the New York Times details how the rebels and Rwanda are benefiting financially from the ongoing conflict in the region. Full Article
Read more