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Article

9 Jul 2009

Author:
Jad Mouawad, New York Times

Oil Corruption in Equatorial Guinea

… A new report [about Equatorial Guinea by]…Human Rights Watch, released Thursday in Spain, recaps much of what can go wrong when powerful oil interests encounter a corrupt and ruthless dictatorship…“Companies in the oil business have been anxious to improve the image of the country and so underplay how politically unstable the country has become,” the report said. These companies include Exxon Mobil, Hess, Marathon, Chevron, Devon, and Vanco Energy...“Without meaningful international pressure, the immense wealth of Equatorial Guinea will continue to be a private cash machine for a few instead of the means to improving the lives of many.” [said Arvind Ganesan, the director of the business and human rights program at Human Rights Watch]