- Territorial disputes
- Controlled by Equatorial Guinea
- Claimed by Gabon
Corisco Bay lies just north of the Gabonese capital Libreville and near where the border between Gabon and the Equatorial Guinea meets the Atlantic Ocean. Formerly the bay was administered by Spain, but the area was handed over to Equatorial Guinea when it became independent in 1968. In the late 20th century oil was discovered in Equatorial Guinea and it became one of Africa’s largest oil producers, making Equatorial Guinea the richest country per capita in Africa—though the wealth is extremely unevenly divided. Neighbouring country Gabon also claims the islands in Corsico Bay as they hold a key position with regards to the oil reserves in the area.