ECONOMY


Equatorial Guinea approved as latest OPEC member: source close to oil minister

Baku, May 26, AZERTAC

Africa's third-biggest oil producer, Equatorial Guinea, has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC), the "abcnews.go.com" website said.

Equatorial Guinea said in January it was seeking to become OPEC's 14th member and the sixth from Africa, an addition that would help raise the continent's influence and profile in the corridors of global oil production and pricing.

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