India and Equatorial Guinea have enjoyed warm and friendly relations with Equatorial Guinea. No high level visits have taken place between the two countries, but leaders have met at international forae such as UN, NAM etc.

In April 2004, Shri E. Barwa, Joint Secretary (West Africa) visited Malabo (Equatorial Guinea) and called on the President and some Ministers and senior officials of Equatorial Guinea Government. Team 9 Agreement was formally signed by Equatorial Guinea Government at that time. M/S PEC Limited, and Angelique International Limited are in touch with the Government of Equatorial Guinea to consider various projects under the Team 9 initiative. In October 2007 ONGC (VL) bid for oil exploration and emerged as preferred bidders for EG 12 & EG 13 blocs.

Equatorial Guinea has expressed interest in Indian investments and transfer of technology in ICT, SMEs and infrastructure development. India has offered a US$ 15 million line of credit under Team-9 for a potable water supply project. A proposal was mooted recently to utilize the LOC for setting up Fruit Processing plant. M/S Jaguar Overseas has been pursuing the project.