Equatorial Guinea to sell oil to Swaziland
Johannesburg - Equatorial Guinea has agreed to supply
Swaziland with crude oil, but the product will first need to be refined in South Africa, Business Report said on Friday.
Swaziland, which currently sources all its fuel products
from South Africa, does not have its own refinery.
Quoting government officials, the paper said the deal was
clinched during a meeting between Equatorial Guinea President Teodoro Obiang
Nguema Mbasogo and King Mswati III of Swaziland.
There were no details on the volume of crude oil to be sold
to Swaziland or how the impoverished country would pay for it.
Swaziland is Africa’s last absolute monarchy, which analysts
said has been run for years almost as a personal fiefdom by King Mswati III and
now teeters on the brink of financial collapse.
South Africa has offered a bailout loan but Swaziland has
refused, seeing attached conditions calling for political reforms as too
stringent, government officials said.