E. Guinea, RP sign oil deal

The Philippines and Equatorial Guinea agreed yesterday to create a joint commission that would take charge of all possible investment agreements between the two countries, particularly on oil and energy.

President Arroyo and visiting Equatorial Guinea President Teodoro Obiang Nguema Mbasogo witnessed the signing of the General Agreement on Economic, Cultural, Scientific and Technical Cooperation establishing the joint commission.

Obiang, who is on a four-day state visit, was bestowed the Congressional Medal of Achievement by the House of Representatives for his leadership of the African state since 1979.

Under House Resolution No. 453, the award was given to Obiang by Speaker Jose de Venecia Jr. at Malacañang on the occasion of the African