Equatorial Guinea admitted as latest OPEC member

Equatorial Guinea has been admitted as the 14th member of the Organization of Petroleum Exporting Countries, OPEC.

Equatorial Guinea, Africa's third-biggest oil producer, said in January it wanted to become an OPEC member.

The country will be the sixth African OPEC member and this addition could help raise the continent's influence as the body decides on global oil production and pricing.

SOURCE: BBC NEWS