Equatorial Guinea Obiang Mangue, and other close relatives with powerful positions in the security forces. The tension may be rooted in a power shift arising from the dramatic increase in oil production which has occurred since 1997. In 2004 a plane load of suspected mercenaries was intercepted in Zimbabwe while allegedly on the way to overthrow Obiang. A November 2004 report named Mark Thatcher as a financial backer of the 2004 Equatorial Guinea coup d'état attempt organized by Simon Mann. Various accounts also named the United Kingdom's MI6, the United States' CIA, and Spain as tacit supporters of the coup attempt. Nevertheless,
Equatorial Guinea nationalism. Independence was conceded on 12 October 1968 and the region became the Republic of Equatorial Guinea. Francisco Macías Nguema was elected president. On Christmas Eve 1969, Macías Nguema had 150 alleged coup plotters executed. In July 1970, Macias Nguema created a single-party state and made himself president for life in 1972. He broke off ties with Spain and the West. In spite of his condemnation of Marxism, which he deemed "neo-colonialist", Equatorial Guinea maintained very special relations with socialist countries, notably China, Cuba, and the USSR. He signed a preferential trade agreement and a shipping treaty with the Soviet