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Article

16 Aug 2003

Author:
John Bolender, ZNet

Blind Eye On Africa: Human Rights, Equatorial Guinea, And Oil

Today, the oil contractors are Exxon Mobil and Amerada Hess, and the amount of oil is estimated to be at least one billion barrels...Recently, there has been a campaign led by Tony Blair and human rights activists, including Christian Aid, a campaign known as the Extractive Industries Transparency Initiative, to encourage companies doing business in Africa to disclose payments made to governments. The Financial Times has described Equatorial Guinea and several other African nations as reacting “coolly to the idea”. Last November, Obiang told a correspondent that the money he receives from oil contracts would remain secret, even from the International Monetary Fund.