MOSCOW – In a significant development, Russian President Vladimir Putin has revealed that Russian companies are keenly interested in exploiting the mineral resources of Equatorial Guinea. President Putin made this announcement after holding discussions with Equatoguinean President Teodoro Obiang Nguema during their meeting in Moscow on Thursday. Both leaders expressed their commitment to enhancing bilateral relations.
“The potential investment capacity is big, and your country’s capacity in developing these relations is also good,” President Putin stated. “I am referring to the potential to do with, above all, the extraction of mineral resources.” Equatorial Guinea, a small, oil-rich nation in central Africa, is known for its abundant mineral resources, including gold, diamonds, uranium, and natural gas.
President Nguema warmly welcomed Russian companies to invest in his country and expressed his gratitude to Russia for reopening its embassy in Equatorial Guinea.
This development signals a growing interest from Russia in the mineral wealth of Equatorial Guinea, potentially paving the way for significant investment and cooperation between the two nations.