Trafigura Group offers Equatorial Guinea $2 billion loan to boost oil sector, vice president says

DAKAR, July 31 (Reuters) – Commodity trader Trafigura Group has proposed a $2 billion loan to Equatorial Guinea to develop the country’s hydrocarbon sector, Vice President Teodoro Nguema Obiang Mangue said on Wednesday.

“We have agreed to sign a memorandum of understanding shortly,” the country’s vice president said in a post on X.

“The idea is to channel joint work before reaching the win-win agreement that we intend to sign to relaunch oil activities in the country,” he said. (Reporting by Bate Felix; Writing by Sofia Christensen; Editing by Mark Porter)

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