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New oil rig

    ABIDJAN

    The US oil company Exxon-Mobil has inaugurated a new US $560-million oil rig near Malabo, AFP reported, quoting Equatorial Guinea’s national radio.

    The new rig will increase daily production at the Zafiro offshore oilfield, which is mined by Exxon-Mobil, from 95,000 barrels (just over three-quarters of the country’s output) to 130,000 barrels, AFP reported.

    Its inauguration on Thursday was attended by Equatorial Guinea’s president, Teodoro Obiang Nguema, and Ghanaian President Jerry Rawlings, who visited the Central African nation last week.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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