The EU does not have a Delegation in Equatorial Guinea. The EU Delegation in Libreville (Gabon) is accredited with the authorities there and monitors the situation. The local EU presidency rotates between EU countries represented in the country (as it was before the Lisbon Treaty).
Equatorial Guinea receives no funding from the 10th European Development Fund (EDF) nor will it benefit from the 11th. Equatorial Guinea's ratification of the Cotonou Agreement was invalidated because it could not unreservedly accept Article 11 on the International Criminal Court. Before the Cotonou Agreement was revised, it did receive funds from the 8th and 9th EDFs.
The EU does maintain a political dialogue with the national authorities. Human rights are among the issues constantly raised as part of the dialogue.