Article

2007-03-04 Africa Subsaharan

Zimbabwe, which has battled severe fuel shortages over the past seven years, has begun receiving fuel supplies from the central African country of Equatorial Guinea. President Robert Mugabe, who was on a three-day state visit to Namibia, said Equatorial Guinea had already sent some fuel at favourable terms to Zimbabwe.

They are providing us with crude oil at favourable terms. We only have to pay after every three months, said Mugabe. Equatorial Guinea is the third biggest oil producer in sub-Saharan Africa. Zimbabwe has battled to raise about US$120 million that is needed every month for fuel supplies with most garages around the country going for months on end without receiving any supplies.

Zimbabwe and Equatorial Guinea enjoy warm relations particularly after Harare helped thwart a military coup organized by South African and British mercenaries against the central African countrys President Teodoro Obiang Nguema Mbasogo about two years ago.

Posted by Pappy 2007-03-04 11:41|| || Front Page|| [11133 views since 2007-05-07] Top

#1 Gee, I wonder what the EG's are gonna do when that first check bounces in three months...

Posted by PBMcL 2007-03-04 12:46|| 2007-03-04 12:46|| Front Page Top

#2 One disaster ripping off another one.

Posted by rhodesiafever 2007-03-04 14:12|| 2007-03-04 14:12|| Front Page Top

#3 East Guinea's dictator will keep sending oil to Zim as a thank you to Mugabe for saving his butt against the mercs. Peas in a pod, the pair of Presidents-for-Life.

Posted by Shieldwolf 2007-03-04 21:05|| 2007-03-04 21:05|| Front Page Top

#4 "They are providing us with crude oil at favourable terms."
Just wait until ZimBob finds out that that his limo won't run on crude oil.

Posted by Darrell 2007-03-04 21:12|| 2007-03-04 21:12|| Front Page Top

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