Equatorial Guinea struggles with economy amid falling crude prices

Equatorial Guinea is facing economic recession due to a decline in oil revenues.

The country had hoped to receive about 100 million U.S dollars from each million barrel of petrol exported. Today, they expect almost less than half.

This has not only been caused by a fall in global oil prices, but also a decline in production has been witnessed as main petroleum fields are over exploited.

"Our citizens feel this crisis because a reduction in oil prices has reduced job opportunities in comp…
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