...fact, China’s principal oil production company, CNOOC, completed its first deepwater production rig—destined for use in the South China Sea—in May of this year. Although China is the destination of 12 percent of Equatorial Guinea’s oil exports, it will not be in a position to displace Western oil companies for years to come. The seizure of Teodorín’s assets in the United States is unlikely to speed the departure of the man who, since
Gaddafi’s demise, is the longest-surviving dictator in Africa, nor is it likely to spur dramatic progress toward...