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Petrol rations in Equatorial Guinea

BY: bbc.com

AFP news agency has reported on the irony of Equatorial Guinea hosting a summit for petrol-producing nations while the country itself rations supplies to citizens.

Currently, taxis are limited to 10 litres of fuel per day (worth $8.50; £6.50) and private cars are entitled to double that amount, under an agreement between Equatorial Guinea's government and the country's main fuel supplier, Total.

Equatorial Guinea is one of Africa's biggest oil producers according to the Organization of Petroleum Exporting Countries, but does not have its own refinery.

The oil-dependent country is now putting pressure on oil and gas operators to increase drilling activity or "move aside", according to the Petroleum Economist website, because it is keen to capitalise on its maturing oil fields now that global oil prices have risen after a long slump.