Russia ‘s Vladimir Putin has said that Russian companies have a “serious” interest in extracting mineral resources in Equatorial Guinea.
In a talk with Equatoguinean President, Teodoro Obiang Nguema, on Thursday, in the capital Moscow, both leaders agreed to boost bilateral ties.
“The potential investment capacity is big, and your country’s capacity in developing these relations is also good,” Mr Putin said.
“I am referring to the potential to do with, above all, the extraction of mineral resources,” he added.
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Equatorial Guinea, a small oil-rich central African country, is endowed with many mineral resources such as gold, diamond, uranium and gas, thereby making the country the target of many western economies for the purposes of bilateral ties.
President Nguema said he welcomed the companies coming to investment in his country.
He also thanked Russia for reopening its embassy in Equatorial Guinea.
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Source: bbc.com
