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Reply #44: February 2003. The Mbagne dispute between Equatorial Guinea and Gabon [View All]

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DrDebug Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-09-06 09:18 AM
Response to Reply #13
44. February 2003. The Mbagne dispute between Equatorial Guinea and Gabon
Edited on Sun Jul-09-06 09:38 AM by DrDebug

Mbange island
Equatorial Guinea currently is involved in a dispute with Gabon, over the ownership of the island of Mbagne in the Gulf of Guinea. (1) The dispute concerns Mbagne, Cocotiers and Congas, three small islands in Corisco Bay, just north of Libreville, near the maritime border between the two countries. The waters in the area are believed to be rich in oil reserves, and their possession could halt the decline in Gabonese oil production. An occupation of Mbagne Island by the Gabonese authorities in February 2003, a reassertion of their sovereignty, elicited a vigorous protest from the government of Equatorial Guinea. Both sides have sought the support of France in their dispute, and Equatorial Guineas claim to sovereignty over the islands is backed by its former colonial master, Spain. (2)

If the oil rich island is explored and is part of Gabon, it will probably be done by Elf, who has many political connection in Gabon and Shell, because they have the majority of oil contracts in Gabon. Corsica Bay has the oil richest area which means that Repsol and Marathon Oil will have a hard time getting access to that market and Gabon wants to assert their sovereignty over that bay.

Sources:
1. http://www.google.com/search?q=cache:w0xSBwlLd98J:www.r...
2. http://www.eiu.com/index.asp?layout=VWArticleVW3&articl...
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