How Equatorial Guinea Lost Its Luster

摘要

Five years ago Equatorial Guinea was being feted as an industry hotspot following a series of high-profile discoveries.Nowadays,West Africa's third-largest oil producer has a reputation for risky geology and a fractious ruling elite more amenable to national oil companies,independents and minnows wielding political connections - as demonstrated by last week's long-awaited bidding round,where international majors were expected to be conspicuous by their absence.