President Vladimir Putin says that Russian companies have a serious interest in extracting mineral resources in Equatorial Guinea.
He held talks with Equatoguinean President Teodoro Obiang Nguema in Moscow, where both leaders agreed to boost bilateral ties.
Putin says the potential investment capacity is big, and the country's capacity to develop these relations is also good.
Equatorial Guinea, a small oil-rich central African country, is endowed with many mineral resources such as gold, diamond, uranium and gas.
President Nguema welcomed Russian companies for investment in his country.
He also thanked Russia for reopening its embassy in Equatorial Guinea.