Discovery of Oil
Malabo has been significantly affected by Teodoro Obiang Nguema Mbasogo's growing co-operation with the oil industry. The country's production has reached 360,000 barrels per day (57,000 m3/d) as of 2004, an increase which led to a doubling of the city's population, but for the vast majority, very little of that wealth has been invested in development.
Read more about this topic: Malabo
Famous quotes containing the words discovery of, discovery and/or oil:
“That the discovery of this great truth, which lies so near and obvious to the mind, should be attained to by the reason of so very few, is a sad instance of the stupidity and inattention of men, who, though they are surrounded with such clear manifestations of the Deity, are yet so little affected by them, that they seem as it were blinded with excess of light.”
—George Berkeley (1685–1753)
“The gain is not the having of children; it is the discovery of love and how to be loving.”
—Polly Berrien Berends (20th century)
“No skilled hands
caress a stranger’s flesh with lucid oil before
a word is spoken
no feasting
before a tale is told, before
the stranger tells his name.”
—Denise Levertov (b. 1923)