-------- Original Message --------
Subject: [urb-eco] Oil Boom Enriches African Ruler
Date: Mon, 20 Jan 2003 07:01:37 -0800 (PST)
" As a result, the Bush administration has initiated a political thaw
with the Obiang regime. In late 2001, President Bush authorized the
reopening of the U.S. Embassy in Equatorial Guinea, which had been
closed six years earlier, in large part due to the country's horrific
human rights record."
Oil Boom Enriches African Ruler
While the people of Equatorial Guinea live on a dollar a day, sources
say their leader controls more than $300 million in a Washington bank.
By Ken Silverstein
Times Staff Writer
January 20 2003
WASHINGTON -- As vast offshore oil fields generate hundreds of millions
of dollars for tiny Equatorial Guinea, there are few signs of the
petroleum boom in the impoverished West African nation.
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