Malabo – May 27th, 2006

 

Oil Supply Agreement between the Government of Equatorial Guinea and the Government of Zimbabwe

 

An agreement to supply crude oil to the Government of Zimbabwe was signed in Malabo on Thursday 25th May between by the H.E the Minister of Mines, Industry and Energy and the Zimbabwean Minister of Energy.

The agreement calls for four million barrels of crude to be supplied annually in four shipments of one million barrels each.

The crude oil is to be supplied at the prevailing market price and the agreement is for an initial period of two years.