Oil boom eludes Equatorial Guineans

Most citizens of Africa's third-largest oil exporter live in dire poverty.

    Equatorial Guinea is Africa's third-largest exporter of oil and gas, but the vast majority of its 500,000 people live in dire poverty.

    The small country pumps out nearly 300,000 barrels of oil each day but the production in effect controlled by foreign companies, leading to fears that Equatorial Guinea is not developing the skills of its own people.

    There are also concerns that Eqauatorial Guinea will become too dependent on just one export - like most oil-rich African nations.

    Al Jazeera's Yvonne Ndege reports from the capital, Malabo.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.